it's because they know the tax payer will subsidise the rest of the wages
It's one of the more unpalatable side effects of our benefit system - businesses know they can get away with paying less than the true market rate for labour because the employees are cushioned by being able to top up their pay packets with benefits.
Posted By: CWC on August 26th 2016 at 23:20:14
Message Thread
- This minimum wage thing on BBC2 is interesting but can't see how it works when the owners. (General Chat) - DrDublin, Aug 26, 19:56:22
- as in they dont say. (n/m) (General Chat) - DrDublin, Aug 26, 19:57:47
- That's what drives capitalism dubs (General Chat) - SimonOTBC, Aug 26, 20:03:52
- But then why do supermarkets show billions in profit's yet only pay their... (General Chat) - DrDublin, Aug 26, 20:19:18
- Capitalism is all about shareholder value (General Chat) - SimonOTBC, Aug 26, 20:25:39
- be nice to sit down and chat with some of these shareholders. (n/m) (General Chat) - DrDublin, Aug 26, 20:29:36
- Pension funds make up a large chunk. (General Chat) - SimonOTBC, Aug 26, 20:59:16
- Still doesn't seem an excuse to pay people wages knowingly not enough to live. (n/m) (General Chat) - DrDublin, Aug 26, 21:31:43
- it's because they know the tax payer will subsidise the rest of the wages (General Chat) - CWC, Aug 26, 23:20:14
- Still doesn't seem an excuse to pay people wages knowingly not enough to live. (n/m) (General Chat) - DrDublin, Aug 26, 21:31:43
- Pension funds make up a large chunk. (General Chat) - SimonOTBC, Aug 26, 20:59:16
- be nice to sit down and chat with some of these shareholders. (n/m) (General Chat) - DrDublin, Aug 26, 20:29:36
- Capitalism is all about shareholder value (General Chat) - SimonOTBC, Aug 26, 20:25:39
- But then why do supermarkets show billions in profit's yet only pay their... (General Chat) - DrDublin, Aug 26, 20:19:18
- That's what drives capitalism dubs (General Chat) - SimonOTBC, Aug 26, 20:03:52
- as in they dont say. (n/m) (General Chat) - DrDublin, Aug 26, 19:57:47
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