tag:blogger.com,1999:blog-4169740113013066976.post5795913069487283360..comments2024-02-10T12:12:06.028+00:00Comments on The Real Blog: Why should taxpayers subsidise wages?David Boylehttp://www.blogger.com/profile/11410159311875228620noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4169740113013066976.post-29618218591225681532013-11-05T07:10:24.801+00:002013-11-05T07:10:24.801+00:00The principle of "trickle up" in action....The principle of "trickle up" in action.Neville Farmernoreply@blogger.comtag:blogger.com,1999:blog-4169740113013066976.post-10487802660901673762013-11-04T16:01:20.647+00:002013-11-04T16:01:20.647+00:00This is a universal issue, the free market doesn&#...This is a universal issue, the free market doesn't like a minimum or living wage even when companies show the benefits<br /><br />http://www.huffingtonpost.com/2013/03/06/costco-ceo-minimum-wage-craig-jelinek_n_2818060.htmlboggitshttps://www.blogger.com/profile/14019016939005063064noreply@blogger.comtag:blogger.com,1999:blog-4169740113013066976.post-72499328159186066732013-11-04T14:33:28.378+00:002013-11-04T14:33:28.378+00:00Can you share this with Vince cable please - who s...Can you share this with Vince cable please - who stated in the evenig standard a few weeks ago that London Living Wage would discourage business!<br /><br />Laura WilloughbyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4169740113013066976.post-85015263488875906462013-11-04T14:31:50.553+00:002013-11-04T14:31:50.553+00:00"The Living Wage, as most people know, is the..."The Living Wage, as most people know, is the amount calculated that people need to earn to survive economically without recourse to benefits."<br /><br />That's wrong for a start. The calculation is of the wage needed to provide the minimum income standard AFTER tax and benefits.<br /><br />For example, the London living wage was £8.55 (until today), but without benefits would have been £10.70 (though in reality it varies from family to family - those with children would need a far higher living wage without child benefits etc.).<br /><br />The living wage can be brought down fairly easily by increasing benefits or the provision of public services. Or it could be increased by cutting these. How far do you want to go to avoid 'subsidising business'? (And that's without discussing taxes.)Adam Corlettnoreply@blogger.com