Quote of the day 15th June 2018


Comments

Jim said…
people often have a problem with cause and effect, on both sides.

a classic example is the "left" saying they wont use self service scanners, as they wont allow these companys to take peoples jobs.

Of course they never realise that the "Living wage" is the reason so many self service scanners were introduced.
Chris Whiteside said…
I've previously explained why I think that, to date, the positive effect of the living wage in encouraging people to seek work exceeds the negative effect through eliminating some low value-add jobs which are no longer cost effective.

If we want society to get richer we have to increase productivity and that means employing people on jobs which add more value. If people are employed in doing something which generates more wealth, that's a good thing.

But if we put up the living wage to a point where there is a net fall in jobs - e.g. we destroy more jobs than we get people into - and there will come a point where that happens, this will be a bad thing. Which is why it is important that if we have a minimum wage or a living wage, it must be set by people who understand the realities of the business world, and not by an auction of politicians competing to see who can promise more.

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