And then employers moan that nobody wants to work and that young people all leave the country.
Truss-supporting economists call for minimum wage to be frozen, then cut
Submitted 11 months ago by Syldon@feddit.uk to unitedkingdom@feddit.uk
Comments
shish_mish@lemmy.world 11 months ago
snacks@feddit.uk 11 months ago
not just leave the country- leave the towns in the UK that need to catch up to retain their talent. The brain drain is real, young people leave their small towns because theres no progress or future, most go where the better paid work is. If they want to level up, cutting minimum wage is the opposite of what needs to happen
VaultBoyNewVegas@lemmy.world 11 months ago
Gov has never been interested in leveling up, was and is an election strategy. Like saying you’ll build 40 new hospitals when what’s actually happened is some have been touched up.
Wanderer@lemm.ee 11 months ago
Just change the tax system. Have some sort if a rebate or something
Companies get 0 for all workers in London, 5% for large cities outside London, 10% for bumfuck nowhere.
mannycalavera@feddit.uk 11 months ago
Every other economist thinks she’s insane
byroon@lemmy.world 11 months ago
Why care or publicise what these morons think?
Syldon@feddit.uk 11 months ago
So that people remember they are morons when it comes to a general election. Complacency will allow these thieving scumbags to come straight back into office.
ChicoSuave@lemmy.world 11 months ago
Economists saw a politician with a career shorter than the lifespan of lettuce and thought “this is a person who will represent our position!”
Who is trusting or even listening to these people? Ignore any economist who doesn’t use a Keysian approach.
Syldon@feddit.uk 11 months ago
Sunak is listening to them. This is why Hunt is proposing to give tax cuts to the well off in the next budget. We seriously could be looking at yet another UK meltdown before we can remove this lot.
Blackmist@feddit.uk 11 months ago
Remember when she sent inflation skyrocketing and nearly bankrupted every pension fund in the country, sacked after 6 weeks, of which most of that was spent burying old Lizzy.
Man those were some good times.
I can only suppose that a “Truss supporting economist” is the equivalent of a fireman holding a Molotov cocktail.
lemonflavoured@kbin.social 11 months ago
They would, wouldn't they?
OrlandoDoom@feddit.uk 11 months ago
Yes, make the poors poorer, that’ll surely help,
Syldon@feddit.uk 11 months ago
You cannot have trickle down economics without having a bunch of paupers to drip money to.
palordrolap@kbin.social 11 months ago
That site really needs a newer stock photo of cash. I felt compelled to look it up: The paper tenner was withdrawn in 2018 and the round pound coins were withdrawn in 2017.
Feels like last week. Where the hell has the time gone? (Pandemic probably hasn't helped.)
Back on topic, those economists are letting their cold, blue little hearts rule their heads. Ghouls.
j4yt33@feddit.de 11 months ago
First time I came to England before moving here there were still the small, fat pound coins. When I came back a few years ago I thought I was experiencing some weird Mandela effect
JoBo@feddit.uk 11 months ago
The entire country was scandalised, until we were reassured that the new pound coins would still work in trolley locks.
Syldon@feddit.uk 11 months ago
They have changed the picture from white fivers mate.
echodot@feddit.uk 11 months ago
Supporting Liz Truss rather cancels out the economist part.
What Truss knows about prudent economic policy wouldn’t fit on the back of a postage stamp
Fulthi@kbin.social 11 months ago
Misread this as "Trans-supporting" and I was so, so confused.
mindbleach@sh.itjust.works 11 months ago
Miserable bastards.
breadsmasher@lemmy.world 11 months ago
Cut CEO and Executive Pay to increase competition in the market.
Cutting minimum wage is punitive bullshit.
Wanderer@lemm.ee 11 months ago
One is the free market and the other isn’t.
What really needs to happen is have absolute visibility on people’s wages and job advertisements.
CEOs compete on wage because they can see each others wage.
I’m not against removing the minium wage but I do support ubi in that case.
echodot@feddit.uk 11 months ago
Yeah I’m not allowed to tell my co-workers what I earn.
Of course I do anyway because what are they going to do about it? It’s called Glassdoor and while its interface may be one of the worst designed websites on the internet, it is a valuable resource.
Borkingheck@lemmy.world 11 months ago
We have to pay top wages to attract top talen you know…