The Socialist 2 October 2004 Out Of Touch! Vote 'Yes': Strike Back Against Job Losses City-Wide Movement To Save Decent Jobs Unite Against The Jobs Massacre Bosses Think Minimum Wage Too High The Other parties of Big Business... Students Sign Up for Socialism Socialist Alternative Win Two Council Seats in Germany Health Workers in Pakistan Occupied Kashmir Gear-Up For Elections Oil Prices Break $50 A Barrel Mark Open Letter To Sacked Liverpool Dockers Industrial Action Threatened Over Council Pensions |
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Home | The Socialist 2 October 2004 | Join the Socialist Party Bosses Think Minimum Wage Too High
That was a PCS member commenting on Blair's speech at conference. On 1 October, the national minimum wage gets its yearly increase. The adult rate rises from £4.50 to £4.85 an hour, the rate for 18-21 year-olds will rise to £4.10 an hour. And 16 and 17-year olds will now get some form of minimum wage as they do in many other European countries, even though it is only a pitifully low £3 an hour. Many people would agree with the PCS member's assessment of the minimum wage level as 'insulting'. The bosses' organisation CBI, though, think it is too high! They would be monitoring the impact of the rise on employers' profit margins to see if the government had "overdone it". In fact, new figures show that employment has grown in sectors where the minimum wage has had the most impact. But that has been in a period of relatively high profits. The CBI's outburst shows that the bosses may use any weakness in the trade unions to try and weaken still further the minimum wage laws. In this issue
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