• 7 Posts
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Joined 1 year ago
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Cake day: July 7th, 2023

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  • “Labour will also remove the discriminatory age bands, so all adults are entitled to the same minimum wage, delivering a pay rise to hundreds of thousands of workers across the UK.”

    I like this change, shame it wasn’t in place when I was younger!

    My concern with this is that for a lot of young people retail is their first job, and so I suspect retail is predominantly young workers. What kind of impact would this have on the economy? E.g. if Morrisons hires lots of younger people and they now need to increase all their pays, I’m guessing they’ll need to cut staff numbers or increase prices? Of course they are going to avoid cutting into their profits. Now times this by however many retailers there are. I can only guess there is the hope that people will buy more.