THE MINIMUM WAGE
A genuinely humane minimum wage must allow the workers of any nation to reach a standard of living that is considered to be acceptable by any modern technology society. Low paid workers may have boost to their remunerative status be being eligible for affordable housing - if there were such a thing in the United Kingdom. Alternatively, Britain should provide land for trailer parks were at the moment there is nowhere for thousands of homeless people, some of which are living on the streets.
How is this possible in a United Kingdom where so many people drive expensive cars and live in luxury houses? The answer is exploitation of the work force - and this is only possible where the law of the land allows for that. If it was illegal to exploit the workforce and illegal for Councils not to provide housing for the homeless, then the economics of the UK might evolve into a fair society. We should live so long. So long as there are greedy businesses operated by greedy managers and bosses - you will have homeless people.
A minimum wage is the lowest remuneration that employers can legally pay their workers. Equivalently, it is the price floor below which workers may not sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage. Supporters of the minimum wage say it increases the standard of living of workers, reduces poverty, reduces inequality, and boosts morale.
UK MINIMUM WAGE
In the UK the hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
The following rates were for the National Living Wage and the National Minimum Wage from April 2016.
Rates before April 2016
The following rates were for the National Minimum Wage before the National Living Wage was introduced. The rates were usually updated every October.
Rates before 2010
The age groups were different before 2010 and there were no National Minimum Wage rates for apprentices
WHO GETS THE MINIMUM WAGE IN THE UK
Contracts for payments below the minimum wage are not legally binding. The worker is still entitled to the National Minimum Wage or National Living Wage.
ANTI POVERTY REFUND SYSTEMS OR TAX CREDITS
A refundable tax credit is a mechanism whereby the tax system can reduce the tax owed by a household to below zero, and result in a net payment to the taxpayer beyond their own payments into the tax system. Examples of refundable tax credits include the earned income tax credit and the additional child tax credit in the US, and working tax credits and child tax credits in the UK. Such a system is slightly different from a negative income tax, in that the refundable tax credit is usually only paid to households that have earned at least some income. This policy is more targeted against poverty than the minimum wage, because it avoids subsidizing low-income workers who are supported by high-income households (for example, teenagers still living with their parents).
The question that must be asked in relation to the administration cost of such a system, is why not eliminate the Tax Credit system and instead boost the minimum wage - or create a LOW CARBON ALLOWANCE SCHEME
LOW CARBON SOCIETY & REWARD SYSTEM
who assist the state to reach their climate change targets in the quest for
a low carbon economy should not be penalized for living a lifestyle that
many would consider to be below average. Indeed, such people or groups
should be recognised for the contribution that they make toward creating a
The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour (part of the Fair Labor Standards Act) and some states and cities have raised their minimum wage even higher than that. Washington and Massachusetts currently have the highest state minimum wages in the country at $11 per hour, and Emeryville, CA, currently has the highest city minimum wage at $15.20 an hour.
OUR YOUNG ARE ON A ROAD TO NOWHERE - One of the key elements to building a society that is fair and equitable for all is that the base wage allows a working family to aspire to a standard of living that is humane in the modern age of technology.
MINIMUM WAGE LINKS