Increasing the minimum salary to £10 an hour would help to alleviate the longest restraint on wages since the Napoleonic era for 9 million workers and Labour is now committed to a £10 minimum salary by 2020 and the newest research for the Unite union determined that the increase for workers aged 18-plus would raise public money by £5.6 billion a year.
Workers in hospitality and retail, where low pay is common, would be the biggest victors from the increase and a £10 minimum salary would increase net income by more than £1,300 a year and would benefit 5.2 million female workers and three out of four young workers aged 18 to 20.
An intermediate increase to £9 an hour for workers aged 25 and over, £8.70 for those aged 21-24 and £8 for 18-20-year-olds would benefit 6.25 million workers.
The current full National Minimum Wage rate is £7.83 per hour for workers aged 25 and over and workers’ wallets are running on empty and incomes are being milked by cuts to in-work benefits and the government’s turbulent introduction of Universal Credit.
There’s something seriously amiss with our economy when 60 per cent of people in poverty are living in working homes and over one million food parcels are given out each year and as in-work poverty grows, large business is profiting from corporate welfare which is subsidising low pay across the economy in the manner of in-work benefits.
Raising the minimum wage and national living wage to £10 per hour would be a tremendous help for young workers and promote the end of poverty pay rates that hospitality workers have to endure and it would be a virtuous circle helping to ease the pressure on wages, while improving the public finances through greater taxes and decreased spending on in-work benefits.
A £10 per hour minimum salary would mean more money in people’s pockets which would be spent in communities and on high streets across the United Kingdom and it would help breathe life into a flagging market and make work pay.
In the meantime, an examination of approved figures by the GMB union has determined that more than 500,000 young people in the United Kingdom experience wage differentiation as they’re paid less simply because of their age.
The union is supporting a Private Members Bill calling for age banding in the National Minimum Wage to be discarded, which was set to be debated by MPs in the House of Commons Friday (6 July) but under prevailing minimum pay banding employers are able to pay £7.38 per hour to workers who are aged between 21 and 24, and only £5.90 per hour for those who are aged 18 or over but not yet aged 21.
It’s difficult to relate how infuriating it is being paid fewer wages than someone doing the identical work as you simply because of your age and it doesn’t matter how laboriously you work or how much energy you put in, you are just not worth as much and it makes people feel belittled.
It’s not asking for much, just to be given the same salary as your co-workers for doing the equivalent work. It’s not like people get reduced bills or rent, so why should they be employed at a reduced rate of pay.
But when minimum wage does go up, hours are cut but low skilled workers meaning Human Beings still have to live like qualified workers do, they still have to eat, pay bills, et cetera and they can’t do that on a low wage.
£10 an hour would seemingly disable a lot of humble businesses, it would either shut them down or the worker would get laid off as the businesses couldn’t afford them and that’s why companies use immigrant workers because they’ll work for more hours and fewer wages because they’re the bourgeoisie of our society and how does it go? It’s better to employ them plebs than those who were born in the United Kingdom.
A minimum salary of £10 an hour is reasonable in the 21st century. It would help the working poor, many of who have to claim benefits as well as working and when the minimum wage was first introduced, the Tories and the bosses insisted it would create mass lay-off, it didn’t and neither would this.
A person should be given a sufficient salary for the work that he/she does, irrelevant of age. Why should somebody of 45 years old be getting more than a person of 25 years old when they’re doing precisely the same job? Well, they shouldn’t, if it’s the same work they should be getting precisely the same salary and because they’re not, that’s called slave labour.
And if you factor in the discriminatory income differences emerging from this extended period when the wealthy get richer at the expense of the poor who unavoidably, therefore, get poorer and poorer and have the exploiters of neoliberal economics no morals at all even when they see the destitute people they have plundered and reduced to living on the streets as beggars.