Quote Originally Posted by ragingpup View Post
Oh Silly. What difference does the increase on general foodstuffs have on the historic introduction of the minimum wage by Labour in 1998?? Loads of economists were very Kerr like as the dark commie Lord Blair introduced this (and fair play to him, he did some good and this is often mis-remembered by many) brought this in, predicting unemployment, price hikes and general Venezuelan death states. But the actual impact from all research I can find: no significant impact on employment or prices. That's what I was talking about. (although you are quite welcome to say that in your opinion it did have the impact of raising your bread and beans prices 21 years later if you like - I will find it hard to disprove!)
I only mean that when wage goes up companies compensate by sticking prices up you may not look at prices or you may leave it to your wife I don’t know but prices are not the same as they were last year before wage increased. To make a difference on people’s wages you need to stop company from sticking prices up it’s really basic.