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In the UK minimum wage is up 75% since 2014, but median wage is up 50% Given that minimum wage is a leave school asap, don't bother learning anything, then jus
by ta1243 2y ago
In the UK minimum wage is up 75% since 2014, but median wage is up 50%
Given that minimum wage is a leave school asap, don't bother learning anything, then just push a broom round a shop.
You used to get 50% more of that by working hard at school, spending years on you career, and getting a median income.
Now you get 30% more.
Increasing minimum wage just means you're reducing the relative wage of those who set their goals a little higher.
- kwere 2y agoit shows that the companies are not competing with each other for talent, one reason is that due to immigration & international learning centers Oxbridge provide a stream of (white collar) skilled workers needing a visa willing to work for lower ball offers