Opponents say this will lead to a wage-price spiral – but that’s an argument that’s stuck in the 1970s, says Labour MP Nadia Whittome
I do agree that the minimum wage should be around £15 per hour, but not for other salaries to be increased in the same ratio as this would lead to a wages spiral.
But in saying it should be £15 per hour, this will not be a major problem for many industries, especially multi-nationals, but it will be for charities and certainly the care profession.
The care profession has been starved of finance for way too long, well before 2010, when austerity measures were introduced, but these measures made the finance much worse. So the Government needs to finance Local Authorities much better and return all the losses they endured through the austerity cuts.
As for charities, with all the problems with the cost of living, donations to charities have been considerably reduced, meaning many charities are having to decide whether they can continue let alone afford a minimum wage of £15 per hour. Without charities the gaps caused by lack of statutory services will only get greater thereby causing even more difficulties for the vulnerable that charities look after.
Also Chief Executives of industry needs to have their salaries capped so they are not earning more 10/15% more than their lowest earning employee.
Source: There’s a simple way to fight the cost of living emergency: a £15 an hour minimum wage | Nadia Whittome | The Guardian