We Are All In This Together Apparently !

[mikey4444]

http://www.bbc.co.uk/news/business-33463864

What a surprise ! Poor people getting poorer !

[Svejk]

In theory, if people can't live on the wages on offer, the employer would need to increase wages to a level that attracts and retains employees. Of course, if you invite the peasantry of the world into your country that rather ruins that system as well.

[Svejk]

Ummmm, another classic example of the market being skewed. If there were no HB there'd be no £800 rents.(except in Mayfair ;o))

[Hypognosis]

@Svejk

"attracts and retain employees"

You've hit on a knotty problem.

Around 1910, a Civil Service job was something people coveted. The pay was very good (we still had the Empire to fund any and all extravagances). After WWII it was poory paid drudgery and no-one was applying for vacancies.

The much vaunted "gold plated pension" was brought in, primarily to boost recruitment and retention. Fully funding the scheme only commenced in this century and subs might be over 6%, by now (I'm long since out of touch).

In private sector, the employer has to match contributions, £ for £ (give or take abuses such as "pensions holidays", during recessions). So this recruit/retain thing is a large pain in the posterior, for employees.

Wage inflation leads to retail price inflation - nobody ever gets ahead of where they were in prior years.

Except via career advancement.

Or being in the executive and awarding oneself a huge pay rise (as condined by shareholders, of course).

[Hypognosis]

@naomi24

//Business emanates from enterprise.//


What dolite has got the slightest clue how to run a startup?

What dolite will ever have 10 grand floating around, to even have stock to sell, or deposit and rent on business premises?

If Alan Sugar started from £10 and literally no parental help or friends in the right places then some actual details and tips on how he got from 10 to 100, 100 to 1000 and so on would be good. People who sit around all day, -not- buying stuff probably haven't a clue what is in demand and sells well.