Labour's Minimum Wage Promise/Millibland on Andrew Marr Show

[roaminblue]

Re: Labour's Minimum Wage Promise

So having pursued 14 years of house price inflation through an excess of credit and money printing, Labour are now saying "look, nobody can afford to live here any more! Let's increase inflation then borrow and print more money for people to pay their rents/ mortgages with,"

"Oh and by the way, let's sign up to an overarching global free trade deal because obviously increasing our costs in the UK relative to the rest of the world won't have any effect on our international competitiveness."

Stupid, thick twats are never happy unless they're destroying the economy.

Cost push economics, which has its critics as I'm sure you know.

One one side nmw is the ultimate demand side stimulus (and is what I've seen complained about on here lots of times). It can create stimulus by putting it in the hands of the people.Rather than qe which many believe goes to buffer the banks retained earnings.

On the other it's inflationary, causing the additional cost to be passed on to the consumer. This has been seen, albeit on a temporary basis, however can be countered by suggesting the economics of the workforce are not inelastic, or that equilibrium supply can't be met through work force contraction

To me, it could boil simply down to the way a model of equilibrium acts when demand increases. Particularly when you take into account economies of scale. Does the additional burden of the extra unit cause the same cost pressure as the first?

Interesting stuff. No right or wrong answer, as you will know. But probably a vote winner

 

[Balti]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

A decent minimum wage is a basic human right. £8.00 per hour is not unreasonable. I support it.

I'm full agreement.

me too

 

[gordondaviesmoustache]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

A decent minimum wage is a basic human right. £8.00 per hour is not unreasonable. I support it.

Totally agree.

 

[BimboBob]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

By my understanding of how the country is run if 2 more of us agree then it becomes law, doesn't it?

 

[Malty]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

Labour are the best of a bad bunch.

 

[Chancy Termites]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

Labour are the best of a bad bunch.

Worst of the lot.

First ones to say we should all pay more tax, first to avoid it themselves.
First to say they stand for the poor, first to stick their snouts in the taxpayer trough.
Voted for no tuition fees in the Scottish parliament, then introduced tuition fees in England, only managing to get the vote through parliament by getting all their Scottish MPs to come in and support it.
Destroyed pensions
Borrowed and printed money to give the illusion that the economy was growing when it was actually falling to pieces
Destroyed more manufacturing in 13 years than the conservatives did in 19

Truly the lowest of the low, and that's before mentioning all their paedo supporters

 

[Balti]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

Labour are the best of a bad bunch.

Worst of the lot.

First ones to say we should all pay more tax, first to avoid it themselves.
First to say they stand for the poor, first to stick their snouts in the taxpayer trough.
Voted for no tuition fees in the Scottish parliament, then introduced tuition fees in England, only managing to get the vote through parliament by getting all their Scottish MPs to come in and support it.
Destroyed pensions
Borrowed and printed money to give the illusion that the economy was growing when it was actually falling to pieces
Destroyed more manufacturing in 13 years than the conservatives did in 19

Truly the lowest of the low, and that's before mentioning all their paedo supporters

 

[Scottyboi]

Re: Labour's Minimum Wage Promise

Saying that if they win the General Election they will raise the minimum wage to £8 an hour. Fair play to Millibland, this is a vote winner.

He's on the Andrew Marr show right now.

£8 hr is unsustainable for a lot of businesses and will see many low waged jobs disappearing

Bollocks they pay agencys 10 pound and hour to pay some poor **** minimum wage. They can afford it.

 

[Grolsch30]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

He should also commit to a ban on all Zero hour contracts.

 

[Scottyboi]

Re: Labour's Minimum Wage Promise/Millibland on Andrew Marr

He should also commit to a ban on all Zero hour contracts.

Too right all the recession has done is make businesses exploit workers and get rid if any perks or rewards from a job. Needs changing!