But then there is progression above that isn't there? That was the point I was making.
SB made it sound like he could only ever earn a maximum of £29k in the job he does.
Living Wage 2020... is it right?
- Thread starter Diagro
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But then there is progression above that isn't there? That was the point I was making.
SB made it sound like he could only ever earn a maximum of £29k in the job he does.
Welcome to the real world, where not everyone earns £50K plus because they have a degree
Degree's aren't worth what they used to be, especially now every Tom Dick & Harry has one.
Welcome to the real world, where not everyone earns £50K plus because they have a degree
Degree's aren't worth what they used to be, especially now every Tom Dick & Harry has one.
I have always said this; and been quite vocal on the point.
However the point I was trying to make is that he suggested his earning ceiling was £29k in the job he does which requires a degree. Maybe at the level/ band he is at.
Welcome to the real world, where not everyone earns £50K plus because they have a degree
Degree's aren't worth what they used to be, especially now every Tom Dick & Harry has one.
Depends on the degree...
unlikely that you'll get 50k out of uni (unless you're a Banker/Lawyer)
but most people with a good degree ought to be able to get significantly above minimum wage
And so it starts. Just found out our biggest rivals have given their drivers a 14.2% payrise to keep a decent "gap" between their wages and NVM.
Looks like we will have to follow suit to keep our drivers and remain attractive to new applicants...........
Dont get me wrong, I have thought for years that the rates of pay for drivers was vastly too low and this is what was needed. But I do worry that we are going to have lots of substantial pay rises in the private sector in coming years and will widen the gap between private and public sectors even more plus will drive up prices.
The main reason inflation is so/has been so low the last year or two is the drop in fuel prices. Fuel is slowly starting to creep back up by a pence or two each month.
Looks like we will have to follow suit to keep our drivers and remain attractive to new applicants...........
Dont get me wrong, I have thought for years that the rates of pay for drivers was vastly too low and this is what was needed. But I do worry that we are going to have lots of substantial pay rises in the private sector in coming years and will widen the gap between private and public sectors even more plus will drive up prices.
The main reason inflation is so/has been so low the last year or two is the drop in fuel prices. Fuel is slowly starting to creep back up by a pence or two each month.
I was under the impression that there wasn't much difference between public and private sector pay. With quite recently average public sector salary overtaking private sector salary.
Obviously you can find specific outliers but generally speaking I thought nowadays it wasn't that much of a difference. Start throwing in benefits and it's anyone guess.
Really? I always though private sector pay was way behind but the holidays/pension benefits made up for this? Been years though since I was in the public sector at HMRC but back then you did your time with them and then left for private sector for the wonga, usually at least £10k more per annum.
Of course i had to give up my 56 days holiday a year and my final salary pension................
Oh look, exactly what we have been saying and Dowie et al have been disagreeing with.
As much as you might hypothetically argue on here that the gap between someones wage and what the NMW was is irrelevant, and it's only the absolute amount you are being paid that is important, you're wrong....the big rise in NMW is devaluing jobs that were paid above this and they will get a commensurate rise.
The end result is going to be a price hike across the board for goods and services.
I can understand your concern but there is potentially also the fact that the extra ~1-5 years you will become more experienced too, which can maybe merit increase in salary or potentially give you options in changing to a different employer / position?
Well the private sector took a conscious decision many moons ago to stop final salary pensions as they saw it was unsustainable. Public sector have only just recently finished phasing these things out (although I am sure some people who are close to retirement will still be getting them)
Someone feel free to correct me but I think the difference between private and public salaries and benefits are on the whole relatively negligible nowadays.
evidence...
you show some actual data to back that up and you may have a point
you're relying on anecdotes of one company has raised X...
in reality minimum wage rises don't lead to significant increases in inflation... despite you trying to cling onto 'but x poster said that in his company y happened'
you're bringing out the same discredited right wing argument and you've got no actual basis for it other than a flawed opinion
Not all nurses will be able to progress. The next band up (paying a maximum of £34k) for a more technical nursing role (such as intensive care) or a deputy ward manager. A Ward manager will earn up to £40k.
I can't give you evidence for something that hasn't happened yet, apart from anectdotal and my own.
I know the fees this Nursery will be charging over the next four years are set to rise 60% to cover the NLW
But it's just obvious that people above the NMW now will want a commensurate wage rise, whether other businesses absorb that or pass the cost on to customers we will see.
Anecdotal, I know, but I was speaking to my girlfriends dad over the weekend.
Self employed builder, has a 4 labourers to help out. They get £7 an hour at the moment, slightly above minimum wage.
Once this goes up to £9, it means he has to be paying £80 more per week per staff member. £360 more per week in total, added with the costs of materials increasing over the past couple of years means this is soon going to be unsustainable. Add in the changes to pensions and you're going to be looking at a hefty sum.
Of course, all these charges are going to be passed on to the customer. They'll have to be paying more money for the same amount of work.
Self employed builder, has a 4 labourers to help out. They get £7 an hour at the moment, slightly above minimum wage.
Once this goes up to £9, it means he has to be paying £80 more per week per staff member. £360 more per week in total, added with the costs of materials increasing over the past couple of years means this is soon going to be unsustainable. Add in the changes to pensions and you're going to be looking at a hefty sum.
Of course, all these charges are going to be passed on to the customer. They'll have to be paying more money for the same amount of work.
Yep exactly as I have described where I work. NWM may not have raised cost of living or had an affect on none NVM wages in the past, but we are now talking about 4% increases per year when both private and public sector have gone through years of zero or 1% increases.
If there is evidence from other countries which shows that such a rapid rise in NVM hasnt led to inflation or larger payrises for normal workers then I will gladly read it.
From my own personal experiences and discussions with people in other businesses, this will have the affect of increasing wages dramatically across the board and hence prices and hence inflation.
If there is evidence from other countries which shows that such a rapid rise in NVM hasnt led to inflation or larger payrises for normal workers then I will gladly read it.
From my own personal experiences and discussions with people in other businesses, this will have the affect of increasing wages dramatically across the board and hence prices and hence inflation.
Soldato
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The idea, at long last accepted by the Tories, is that the public purse should not be subsidising private profit. The Minimum Wage saw firms reduce wages to the MW or just above it with the Govt. having to make it up to a living wage. Last I saw it cost the Govt £25Billion a couple of years ago. Some inflation would not be a bad thing.
Anyone who thinks prices are not going to rise is bordering on the delusional IMO.
Oh I agree. Its mad you should only earn £10k and it gets topped up to £19k by tax payers money.
I'm just pointing out the results are wages and prices will rise. Some people claim that it will have zero affect.
At the last place where I worked we had a single mum with 3 kids earning about £19k and she offered a promotion. She turned it down as she worked out that unless she got £24k (we offered £22k) that she wasnt going to be any better off take home wise as all the extra she earnt would be removed in benefits/rents etc. So she would rather have less responsibility and stay in the same job role if she wasnt going to be any better off. Hard to compete when people have that attitude.
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Not everyone has the ability to progress either for one reason or another. (not skilled enough, not dedicated enough, purely not interested, etc.)
Working as intended.
I stick by my original argument. If you are concerned at this present time, that the MW rise in 5 years time is going to 'devalue your worth', then perhaps you are not as skilled as you think you are.