Car crash

I did sort of put it in brackets to highlight the fact that the workers would be the same or just as good, but on a lesser wage.

It's all about the going/accepted rate in any line of work.

 

Yeah... people get paid a little less than their final value - and the employer takes on risk associated with that transaction. I'm not sure what your[1] trying to demonstrate here.

Are you trying to construct an argument to show a minimum wage reduces employment? Or perhaps you've gone all Karl Marx "surplus value" on us.

[1] I know it's "you're". I'm just messin' with the grammar police.

 

If I don't try and read too much into this.

Let's say I charge a client at £x a day for a contractor. If they do an awful job, or go rogue and do something else bad then the client has a case against me. Sure, legally I have a case against the contractor, but in reality I just have to fix the problem unless something has gone horribly, horrible wrong. If they're an employee I have the same risk plus the additional risk that sometimes there's no work.

It's a gamble. And gamblers expect an upside. The size of the risk determines the upside I need.

In reality it's not that calculated, but that's the idea.

Alternatively, I could just give the client a contractor's 'phone number and make it clear that they're not affiliated.

Maybe things are different for you. YMMV.

 

Thing about wages is,, when the government step in and restrict wages. Us lot in the public sector have had a 1% wage rise foisted upon us for at least the last 4 yrs. How much have MP's wages risen in that time? Are MP's not public servants, the same as public sector workers? It's a real bone of contention. There's also the case that many MP's now own second homes in London (already paid for by us taxpayers) and are now renting them out (for profit) and claiming up to £150 per day, in hotel expenses. It's a ridiculous situation, one which I find abhorrent. (and I'm sure most would agree with me) About time Parliament was brought to order. I think any MP who already has a second home in London, should not be allowed to claim hotel expenses whilst staying in the capital. It's high time these MP's led by example. Are they public servants or business people?

 

In theory I'm of course all in favour of a proper wage being paid without the need for tax credits or any other form of tax payer top up.
Though, in this form of economy it would quickly lead to price rises and you'd be back to square one.
Wages have steadily (albeit slowly) increased over the past few decades...as have prices. Housing in particular has swallowed a vast percentage of the pay increase. I've said on here before that the vast increase in housing costs (brought on by the British economy increasingly relying on housing finance) has actually given us less 'disposable' income in real terms.
This is a good example of how wage increases aren't the be all and end all.
The solution would involve a radical rethink and that isn't on the cards.

 

Theresa May is doing the right thing, irrespective of whether she was a leaver or remainer, she's doing her job, i.e. implementing the wishes of the British people.