Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Majority Of Top Cbi Companies Do Not Pay Living Wage

Recommended Posts

http://www.theguardian.com/society/2015/nov/06/majority-of-top-cbi-companies-do-not-pay-living-wage

A majority of the corporate giants who sit on the committee of the CBI (Confederation of British Industry) fail to pay the living wage, according to research by the Guardian.

British Airways and BP International are among the 15 corporate members of the 21-strong president’s committee of the CBI that are not designated as living wage employers.

The research, based on the work of the Living Wage Foundation, comes as the CBI prepares to voice concerns about George Osborne’s own version of the living wage at its annual conference next week.

The chancellor’s national living wage, dismissed by critics as a rebranding of the national minimum wage, is due to be introduced at a rate of £7.20 an hour from next April – way below the foundation’s own definition of an hourly living wage of £8.25.

The CBI responded to the Guardian’s research on Friday by war

Why pay the living wage when the Welfare state will top it up for you?

Share this post


Link to post
Share on other sites

A majority of the corporate giants who sit on the committee of the CBI (Confederation of British Industry) fail to pay the living wage, according to research by the Guardian.

Well gosh.

Share this post


Link to post
Share on other sites

Why pay the living wage when the Welfare state will top it up for you?

This needs to be where the change is made. Make the companies pay more and give them a "tax credit" so their tax bill is reduced.

It then rewards people who work, and rewards companies who pay well.

Edited by SarahBell

Share this post


Link to post
Share on other sites

This needs to be where the change is made. Make the companies pay more and give them a "tax credit" so their tax bill is reduced.

It then rewards people who work, and rewards companies who pay well.

But that could end up costing a lot more than the current £30 billion Tax Credits system!

Share this post


Link to post
Share on other sites

The only way to make people better off in general is create a surplus off accommodation such that people are not bidding against one another for somewhere to live, otherwise any increase in wages simply causes rents and house prices to rise to soak up the extra money.

Share this post


Link to post
Share on other sites

The only way to make people better off in general is create a surplus off accommodation such that people are not bidding against one another for somewhere to live, otherwise any increase in wages simply causes rents and house prices to rise to soak up the extra money.

Mortgage restrictions/rent controls required

Share this post


Link to post
Share on other sites

The problem is not the minimum wage. I discussed this in another post with DurhamBorn. I'd even be so bold to say the minimum wage could be reduced to make us more competitive on the global stage if only 1 thing was fixed. That is all the rentiers need to be pulled from the backs of those trying to be productive. It's difficult to soar like an eagle when you're weighed down by turkeys.

My 2 biggest outgoings per month - tax and rent. Without those (and work costs) I could live well on £530 per month. That's about £122 a week which is well below the minimum wage. That also isn't living like a monk and includes a holiday.

Share this post


Link to post
Share on other sites

This needs to be where the change is made. Make the companies pay more and give them a "tax credit" so their tax bill is reduced.

It then rewards people who work, and rewards companies who pay well.

A company that pays more will (other things being equal) make less profit, and consequently pay less corporation tax.

Unfortunately they will pay much more jobs tax, which is already bigger than corporation tax. And corporation tax is the one that's clearly not fit for purpose in the modern world.

Of course tax credits are a perverse incentive. But so long as they exist, companies not only can but MUST take advantage of them to compete. Classic race to the bottom that comes with ALL means-tested benefits.

Share this post


Link to post
Share on other sites

The only way to make people better off in general is create a surplus off accommodation such that people are not bidding against one another for somewhere to live, otherwise any increase in wages simply causes rents and house prices to rise to soak up the extra money.

You'd better support a much bigger military, so we can go and grab the land needed to feed all those people. And there ain't so much land anywhere on the planet that's quite as forgiving as ours of intensive farming: ours is degrading, but far slower than most of the world would under such abuse.

Or else several generations of really rigid one-child policy, and hope rich beneficiaries of fairtrade continue to export to us rather than feed their own poor.

Share this post


Link to post
Share on other sites

"all those people" meaning who exactly ?.

All those people you're housing.

Over a reasonable timespan, perhaps the UK population of 100 years ago. But sustainably in a world where we can import neither net food (because populations elsewhere are eating their own) nor fossil-petrochemical-derived aids to agriculture, I expect we can sustain fewer than that.

Share this post


Link to post
Share on other sites

Don't the CBI companies realise that paying below the rate helps their profits, helps keep government unemployment figures down and government intervention with welfare and extravagant tax credits also helps to keep crazy house prices up and increase profits for the likes of Sainburys and the news corporations etc.

Of course they do but there's always space in the media to state the obvious and yet explain nothing.

Edited by billybong

Share this post


Link to post
Share on other sites

All those people you're housing.

At the end of the day, living standards can only be raised by increasing the amount of shelter per capita up to the level where people ease off on competing with each other for it, at which point increasing pay levels actually has some benefit to recipient rather than the rentier asset holder.

I'm just stating the economics relationship, the issue of how palatable/sustainable/practical the various solutions are is a whole other discussion.

Edited by goldbug9999

Share this post


Link to post
Share on other sites

According to the news on the radio today some young people set up a business in order to attend a CBI Conference today at which Osborne was speaking, Apparently they unfurled a banner saying something like the CBI is a Brussels puppet.

Young people innovating against the odds stacked against them by the likes of the CBI etc.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   25 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.