Comments on: Minimum wage – good or bad for business? http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/ Blog for business owners and people about to go into business Tue, 29 Nov 2011 07:17:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Janice | Jobs in Abu Dhabi http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1810 Janice | Jobs in Abu Dhabi Tue, 08 Dec 2009 07:08:59 +0000 http://www.in-business.org.uk/?p=1673#comment-1810 You have given some nice explanation about minimum wages. I agree that if company can't afford to increase the minimum wage, then the employees should move to a different company for the preferred salary. You have given some nice explanation about minimum wages. I agree that if company can’t afford to increase the minimum wage, then the employees should move to a different company for the preferred salary.

]]> By: Michael http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1731 Michael Wed, 11 Nov 2009 20:44:34 +0000 http://www.in-business.org.uk/?p=1673#comment-1731 I think it is good to have a minimum wage. Germany does not have something like that and there is massive unemployment there at the moment, but most of the people support the idea of adding a minimum wage. So the fear of unemployment has nothing to do with this issue. With or without it the unemployment will exist and there are other factors that affect the job market rather than a minimum wage. What a modern economy needs is a rent control, People in Europe rent houses and they spend the 3/4 of their wages for the rent. This is inexcusable because if the rents were cheaper then the people would have the power to spend more and also some would be happy even with a part time job which leaves empty positions for more jobseekers. I think it is good to have a minimum wage. Germany does not have something like that and there is massive unemployment there at the moment, but most of the people support the idea of adding a minimum wage. So the fear of unemployment has nothing to do with this issue. With or without it the unemployment will exist and there are other factors that affect the job market rather than a minimum wage.

What a modern economy needs is a rent control, People in Europe rent houses and they spend the 3/4 of their wages for the rent. This is inexcusable because if the rents were cheaper then the people would have the power to spend more and also some would be happy even with a part time job which leaves empty positions for more jobseekers.

]]> By: virginia bed and breakfast http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1306 virginia bed and breakfast Wed, 19 Aug 2009 06:37:03 +0000 http://www.in-business.org.uk/?p=1673#comment-1306 No doubt Minimum wage system is beneficial for many parties but I think this impact on Unemployment rate is increasing and it is not good for general employee and whole over the country financial position. Regards, No doubt Minimum wage system is beneficial for many parties but I think this impact on Unemployment rate is increasing and it is not good for general employee and whole over the country financial position.

Regards,

]]> By: toplotne črpalke http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1301 toplotne črpalke Tue, 18 Aug 2009 11:12:51 +0000 http://www.in-business.org.uk/?p=1673#comment-1301 In the end a lot of it depends on the question of believing in the fairness of the free market. I don't and also don't know anyone around me who does, at least not completely. And if free market isn't fair, there should be a minimal wage. In the end a lot of it depends on the question of believing in the fairness of the free market. I don’t and also don’t know anyone around me who does, at least not completely. And if free market isn’t fair, there should be a minimal wage.

]]> By: Red Fox http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1288 Red Fox Fri, 14 Aug 2009 15:51:38 +0000 http://www.in-business.org.uk/?p=1673#comment-1288 I honestly think that minimum wage could be beneficial for many parties. First for the government, since the min. wage should be set in accordance with the min. average living expenses, it helps to cut down on unemployment and low income compensations; for employees knowing that in spite of all even during the bed economics time he/she can survive and feed the family. For employers – get rid of unions, they kill it all… once people get into union they fearless, they always unhappy and want to get more for doing less… that what basically happens a lot and killing a lot of business. I honestly think that minimum wage could be beneficial for many parties. First for the government, since the min. wage should be set in accordance with the min. average living expenses, it helps to cut down on unemployment and low income compensations; for employees knowing that in spite of all even during the bed economics time he/she can survive and feed the family. For employers – get rid of unions, they kill it all… once people get into union they fearless, they always unhappy and want to get more for doing less… that what basically happens a lot and killing a lot of business.

]]> By: Philadelphia Copywriter http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1231 Philadelphia Copywriter Tue, 11 Aug 2009 17:12:08 +0000 http://www.in-business.org.uk/?p=1673#comment-1231 I think that there should be a minimum wage. Perhaps in the long-term it all evens out, but employers are often forced to make short decisions base on immediate business needs, often at the expense of employees. I do agree with Nathan, that an employer receives the type of employees they deserve, but I do think that there needs to be some form of structure, including a minimum wage. I think that there should be a minimum wage. Perhaps in the long-term it all evens out, but employers are often forced to make short decisions base on immediate business needs, often at the expense of employees.

I do agree with Nathan, that an employer receives the type of employees they deserve, but I do think that there needs to be some form of structure, including a minimum wage.

]]> By: Nathan Hall http://www.in-business.org.uk/minimum-wage-good-or-bad-for-business/comment-page-1/#comment-1220 Nathan Hall Mon, 10 Aug 2009 09:52:13 +0000 http://www.in-business.org.uk/?p=1673#comment-1220 When ever the minimum wage is increased, some employers will whine about it saying its unaffordable etc, I am sorry but if your margins are so small that an extra 20pence an hour is going to put you out of business, and then you should not have been in business in the first place. There are some advantages to having a minimum wage for employers, employ people that are eligible for tax credits or working family tax credits, pay them the minimum wage, and let the government subsidize your wage bill by topping up your employee’s salary with money taken from the rest of the working population. My own personal opinion is as an employer you get the workforce you deserve, people are not only motivated by money, most of them want to do a good job and feel valued. Your workforce is your greatest asset; you may have spent thousands training them either Through specialized or on the job training, and now your either treating them with dignity and respect or like something you’ve trodden in. You get what you give, employees know whether you value them or not. Value doesn’t have to be monetary in nature, acknowledgement of a task well done; an occasional thank you costs you nothing. When ever the minimum wage is increased, some employers will whine about it saying its unaffordable etc, I am sorry but if your margins are so small that an extra 20pence an hour is going to put you out of business, and then you should not have been in business in the first place.

There are some advantages to having a minimum wage for employers, employ people that are eligible for tax credits or working family tax credits, pay them the minimum wage, and let the government subsidize your wage bill by topping up your employee’s salary with money taken from the rest of the working population.

My own personal opinion is as an employer you get the workforce you deserve, people are not only motivated by money, most of them want to do a good job and feel valued.
Your workforce is your greatest asset; you may have spent thousands training them either
Through specialized or on the job training, and now your either treating them with dignity and respect or like something you’ve trodden in.
You get what you give, employees know whether you value them or not. Value doesn’t have to be monetary in nature, acknowledgement of a task well done; an occasional thank you costs you nothing.

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