The national Living Wage.
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01-04-2016 9:59 AM
As today sees the start of the National Minimum wage for over 25s I was interested to hear a debate this morning in which many bosses and small businesses said that the cost could see many more people on the dole and price increases. There are definately some areas particularly small businesses, some retail and the care sector which may struggle and yet one very interesting statistic showed that if every person earning £100,000 per year reduced their pay by £1.30 per day that would cover the entire increase. Why is it that the gap between the lowest and highest paid in the UK is so wide, much wider than many European countries and it's not just wages, pensions too seem to be at risk with the masses yet the higher paid have more lucrative schemes. My question is are Bosses bigging themselves and their value up unreasonably in order to gain substantial salaries and benefits.