United Kingdom @feddit.uk Syldon @feddit.uk 12mo ago

Truss-supporting economists call for minimum wage to be frozen, then cut

leftfootforward.org Truss-supporting economists call for minimum wage to be frozen, then cut

'Is it too much of a stretch to recognise that poverty is the CAUSE of poor growth.'

25 comments

Cut CEO and Executive Pay to increase competition in the market.

Cutting minimum wage is punitive bullshit.
- We have to pay top wages to attract top talen you know....
- One is the free market and the other isn't.
  
  What really needs to happen is have absolute visibility on people's wages and job advertisements.
  
  CEOs compete on wage because they can see each others wage.
  
  I'm not against removing the minium wage but I do support ubi in that case.
  
  Yeah I'm not allowed to tell my co-workers what I earn.
  
  Of course I do anyway because what are they going to do about it? It's called Glassdoor and while its interface may be one of the worst designed websites on the internet, it is a valuable resource.
And then employers moan that nobody wants to work and that young people all leave the country.
Every other economist thinks she's insane
Why care or publicise what these morons think?
- So that people remember they are morons when it comes to a general election. Complacency will allow these thieving scumbags to come straight back into office.
Economists saw a politician with a career shorter than the lifespan of lettuce and thought "this is a person who will represent our position!"

Who is trusting or even listening to these people? Ignore any economist who doesn't use a Keysian approach.
- Sunak is listening to them. This is why Hunt is proposing to give tax cuts to the well off in the next budget. We seriously could be looking at yet another UK meltdown before we can remove this lot.
Remember when she sent inflation skyrocketing and nearly bankrupted every pension fund in the country, sacked after 6 weeks, of which most of that was spent burying old Lizzy.

Man those were some good times.

I can only suppose that a "Truss supporting economist" is the equivalent of a fireman holding a Molotov cocktail.
Yes, make the poors poorer, that'll surely help,
- You cannot have trickle down economics without having a bunch of paupers to drip money to.
That site really needs a newer stock photo of cash. I felt compelled to look it up: The paper tenner was withdrawn in 2018 and the round pound coins were withdrawn in 2017.

Feels like last week. Where the hell has the time gone? (Pandemic probably hasn't helped.)

Back on topic, those economists are letting their cold, blue little hearts rule their heads. Ghouls.
- First time I came to England before moving here there were still the small, fat pound coins. When I came back a few years ago I thought I was experiencing some weird Mandela effect
  
  The entire country was scandalised, until we were reassured that the new pound coins would still work in trolley locks.
  
  I brought some cash I still had, tried to get in the bus from the airport and was told what I had wasn't legal money. Shit was confusing, went to a cash point really close by and got to see the bus leave without me.
- They have changed the picture from white fivers mate.
They would, wouldn't they?
Supporting Liz Truss rather cancels out the economist part.

What Truss knows about prudent economic policy would fit on the back of a postage stamp.
Misread this as "Trans-supporting" and I was so, so confused.