Minimum Wage A National Slavery

Posted: September 3, 2012 in Deficit, depression, Law, Politics, slavery, Uncategorized, United Kingdom
Tags: , , , , , , , ,

The national minimum wage (NMW) in the UK is a national slavery industry, I remember it being hailed as a good thing when it was implemented but now older and wiser I see it as legitimizing forced labor in the private sector. I know many will say that I am focusing on the negative or over exaggerating the effect of the minimum wage but lets just break it downMan digging through the word poverty

  • Minimum Wage is £6.02 per hour worked
  • average week is 45 hours
  • That is a wage of £1094 per calendar month before deductions
  • So on Minimum Wage your likely to take home £750 roughly after Tax and NI
  • The Average Rent is £500-600 a month and travel £100-150

I am very fortunate at never having to have worked on minimum wage due to the fact that I was able to fall into a trade from school and by the time the NMW was introduced I was already earning £15,000 which was considered a good wage at the time, but many here in the UK are not so fortunate and end up working in retail and services which is largely minimum wage.

On paper the concept of forcing the employer to pay a minimum wage looks like a good idea but there were two unforeseen consequences by the original policy makers

  1. No effort was made to look at the cost of living and implement a minimum wage for each county/town so that in some areas people did well and in others people lost out.
  2. and two the NMW allowes companies to keep wages in areas artificially and unethically low while taking all rights under the law for the employee to question the set wage.

A Taste Of Their Own Medicine

Any politician that blindly defends the NMW should be forced to live on it for 6 months with no outside interference and I am sure we see them struggle even more than the average poor person is forced to live for the rest of their lives this would allow the policy makers to get a taste of their own medicine.

But it truly is a shame that this kind of situation has even arisen and even worse that the basic problems have not been sorted over a decade after the NMW was first introduced if we had policy makers that actually knew the plight of the poorest in our society blogs like this one would not exist.

In the next couple of years we are going to see the Tories making even deeper cuts into government spending and in response to this local authorities are guaranteed to increase taxes to keep their over inflated budgets and salaries rising well above inflation while the people at the bottom are on the verge of starvation.

Keep the National Minimum Wage or Get Rid Of It

So what am I advocating do we keep the National Minimum Wage or Get rid of it well above I pointed out some basic and serious flaws but nothing fatal that could warrant the legislation being removed no what is suggest is

  1. Amend it to be a Local Minimum Wage based the local cost of living
  2. Have it increase every year at the same percentage of the growth of GDP if negative then at 1% above inflation.
  3. Increase the tax threshold to £16,000 per year

This would go a long way to helping the people at minimum wage level increase their living standards as well as help the economy with as more people with disposable income will allow more spending and reduce the burden on the welfare state. On a final not I Man stacking shelvesthink that companies who decide to lay off staff because of the company losing money should have to prove that they are falling into negative income rather just just slimming their profit margins.

I think its disgusting that a company can lay thousands of staff but still make £20 Million pound profit to pay share holders as we have seen year in and year out since 2007. We should implement simple changes to the legislation to make the national minimum wage a national pride not the slavery that it currently is.

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Comments
  1. […] only continued the anti union rhetoric but also implemented a very crafty piece of legislation The National Minimum Wage not only did this piratically stop most low paid workers pay rises but is also legitimized the […]

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