Reducing The Minimum Wage Helps The Country

[DeepThroat]

HOW?

No one in the civil / public sector is on the minimum wage.

And I'm unaware of anyone who has terms of employment where they get "the minimum wage" per hour

 

[jd26]

The theory is that it makes it more attractive to create jobs.

Every person who goes from being a dole recipient to being a taxpayer is a net 20K benefit to the state.

In reality the reduction in demand will mean that it produces no benefit. We will also see an increase in rent and mortgage arrears, which will do nobody any favours.

The minimum wage should never really have got as high as it did (4th highest in the world), but that was about buying elections.

 

[i_didnt_do_nawtin]

the theory is that an employer won't hire someone if their role doesn't add the minimum wage per hour in value to their business. Someone is on €x per hour because that's what they add to the business at least. If they only add €x - y to the business, then that y can be viewed as charity. Businesses can't afford charity right now.

it discriminates against people who lack the skills to ever contribute €x per hour to a business. They'll never be employed

 

[The Curious Lozenge]

The theory is that it makes it more attractive to create jobs.

Every person who goes from being a dole recipient to being a taxpayer is a net 20K benefit to the state.

In reality the reduction in demand will mean that it produces no benefit. We will also see an increase in rent and mortgage arrears, which will do nobody any favours.

The minimum wage should never really have got as high as it did (4th highest in the world), but that was about buying elections.

i don't think people on the minimum wage pay mortgages. and how do you figure rent will increase? they've been dropping for the last 2 years.

 

[LawrenceSummers]

if min wage reduces, the dole will have to reduce by twice the reduction, currently the labour market is competing and loosing with the black economy market.

 

[INFERNO]

pay people less or you're discriminating against them....retarded

the minimum wage, as well as social welfare levels are reflective of the cost of living

take rent for example....lots of landlords are still charging 200 euro a week....at this rate working people will be applying for rent allowance, & qualifying

 

[The Curious Lozenge]

pay people less or you're discriminating against them....retarded

the minimum wage, as well as social welfare levels are reflective of the cost of living

take rent for example....lots of landlords are still charging 200 euro a week....at this rate working people will be applying for rent allowance, & qualifying

silly statement. for what kind of place?

 

[claire99]

the reason the minimum wage in this country is so high is that the cost of living is high, gas, esb, food. i know with the likes of lidl and aldi things are getting better but it is still over 100 euro to feed a family of 3 for a week. gas and esb are set to go up. and the cost of getting to work if you drive you are screwed and the bus isnt that cheap either. the cost of both are set to rise. try to afford all this on 330 euro, and we still dont know how much it will be reduced to if it is taxed.

 

[jd26]

i don't think people on the minimum wage pay mortgages. and how do you figure rent will increase? they've been dropping for the last 2 years.

Increase in rent arrears, not increase in rent.

You`re right that you will find very few people or couples on minimum wage with a mortgage. However, you will find a significant number of couples where one is on the minimum wage with a mortgage and a cut will take 2 grand a year out of their pockets. If they were struggling with the payments, it could well be the final straw.

 

[The Curious Lozenge]

the reason the minimum wage in this country is so high is that the cost of living is high, gas, esb, food. i know with the likes of lidl and aldi things are getting better but it is still over 100 euro to feed a family of 3 for a week. gas and esb are set to go up. and the cost of getting to work if you drive you are screwed and the bus isnt that cheap either. the cost of both are set to rise. try to afford all this on 330 euro, and we still dont know how much it will be reduced to if it is taxed.

the cost of living is falling.