Blue Mooner
Well-Known Member
- Joined
- 25 Jun 2005
- Messages
- 3,139
£8 an hour works out at £16k+ a year, we're a small company in a competitive field and costs are crucial. Not sure what you'd expect a minimum hours pay to be.
We had to freeze all wages this year as we've invested £1million in new equipment and raising the minimum pay won't help it pay for itself as quickly as we need it to.
No matter when it comes in it'll have an affect on SME's. It'll cause redundancies and division in the work place.
It will also mean businesses looking more seriously at automation, robotics, how they can get efficiencies and remove headcount to reduce costs. It will make this business cases that bit easier to make so jobs will be lost. Has there been any real detailed study by Labour on the impact that a £10minimum wage would have on businesses or is it just a good sound bite number to entice traditional labour voters back into the fold?
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