Income Inequality

[local]

Something it appears were world leaders with the USA.

How do we even things up without destroying the chickens that lays the golden eggs.


This could be a Brexit free zone

[said]

Something it appears were world leaders with the USA.

How do we even things up without destroying the chickens that lays the golden eggs.


This could be a Brexit free zone

Since China is increasing its prices, it may be a good idea to concentrate on more local industry. The trend is now towards better quality items since the cheap throw away goods are a false economy, one has to purchase far more of the cheap goods than if they had paid out more for a better quality item in the first place. Those two facts alone, would be sufficient for our own industries to take note.
Minimum pay levels are highly damaging for companies who want to move forward. This situation means that faster more intelligent workers are placed on the same levels of pay as the slower, less productive workers - result, the faster workers lose interest and slow down. Or, there is often the situation where an employer is forced to pay higher wages to the standard level staff, but cannot afford to increase the wages of those who have shown more promise. and who have been paid just above the minimum levels. In real terms this means that their value is decreasing. This has a knock on effect. Disinterested intelligent workers become complacent about their place of work and are not encouraged to submit ideas for the company to move forward. A company that is not moving toward the future has no need for the higher educated personnel who could provide new technology to make the business a success.
First abandon minimum pay levels, people should earn wages according to their output. This encourages competition and far more interest in the work itself. Those who are bright will make suggestions for improvements as their interest increases, etc.,etc.,
Next do away with the massive corporate companies who manage their massive staff from a distance. Introduce, smaller concepts where staff are personally managed - not controlled! Again this increases interest and provides more competition, and a healthier application to work. For a long time now, employees have sought to find employment where their input counts, as opposed to being treated as robots.
Lastly - a very simple change would be to give pay rises in sterling as opposed to percentages. 3% of 1000, is a hell of a lot more than 3% of £10. Whereas if the cost of living had increased by say 3%, then award everyone the cash equivalent. The higher paid people in a company would not lose out because their contract would allow them a higher salary in accordance with knowledge and experience.
Better quality British made goods would filter across the globe, each business would be in a better financial position, more technology would be employed - and the pay gap would reduce considerably.

WARNING!!!!THIS IS A BREXIT ZONE!!!!!!!!!WARNING!!!!WARNING!!!!

[Ceam]

Minimum wage is a false improvement to living standards. All it does is drive up inflation as more skilled workers demand higher wages to make up for the skill difference. Everything increases in price and no one is any better off.
What's happened is sort term work has become the norm. Work that was done for maybe 2 or 3 years while you got your feet as an actual adult, Or as a secondary income to a household or approaching pensioning age has now become full time employment. Low skill work has become more main stream and is expecting to get similar money to that of someone with lots of knowledge/skill.

[Alikado]

The Minimum Wage was introduced ro stop Low Pay and combat unscrupulous employers, what has now happened is that it has become the Standard Wage and has dragged more people down into Low Pay. The Living Wage should be the Minimum payable and any business that can't pay it shouldn't be trading, the Minimum Wage is a subsidy of Company Profits.

[local]

Both main parties have promised to raise the "minimum/living wage" as it saves tax payer subsidies.

The problem is far more profound than a few pounds an hour here or there.

As the world shrinks and technology improves the likely-hood is of a select few controlling huge amounts of the worlds capital.

The tech giants will wield power beyond governments, redistributing that capital is a huge task that needs addressing.

[Mr B S Sniffer]

[Mr B S Sniffer]

[Ceam]

Both main parties have promised to raise the "minimum/living wage" as it saves tax payer subsidies.

The problem is far more profound than a few pounds an hour here or there.

As the world shrinks and technology improves the likely-hood is of a select few controlling huge amounts of the worlds capital.

The tech giants will wield power beyond governments, redistributing that capital is a huge task that needs addressing.

Correct, It's become a standard. Probably bringing down wages for semi skilled workers.
As for a few controlling huge amounts of the worlds capital. Has that not always been the case?

[local]

Correct, It's become a standard. Probably bringing down wages for semi skilled workers.
As for a few controlling huge amounts of the worlds capital. Has that not always been the case?

No the advent of global super power tech companies is relatively new.

The world biggest companies are being shaken up by Billion dollar newcomers who funnel vast amounts of cash into very few hands.

A traditional oil company or walmart say have hundreds of thousands of employees and huge real estate.

Uber has 22,000 employees and is allegedly worth around 87 Billion dollars (varying)

Tesco has 500,000 employees and worth 31 Billion Dollars (varying)

How to redistribute some of this capital is a big problem.

[Ceam]

No the advent of global super power tech companies is relatively new.

The world biggest companies are being shaken up by Billion dollar newcomers who funnel vast amounts of cash into very few hands.

A traditional oil company or walmart say have hundreds of thousands of employees and huge real estate.

Uber has 22,000 employees and is allegedly worth around 87 Billion dollars (varying)

Tesco has 500,000 employees and worth 31 Billion Dollars (varying)

How to redistribute some of this capital is a big problem.

So the big players have change, Which isn't what I said. There has always been big fish and little fish.