A news story in one of today’s newspapers carried the headline “£7.00 minimum wage on the horizon”. On the face of it this appears to be good news as it is an increase of over 10% on the current figure. As a semi-professional cynic I would suggest that maybe we don’t all get too excited over this one. After all, has anyone ever actually reached the horizon?
On a related note, there is also the much mentioned figure referred to as the living wage which is meant to indicate the hourly rate at which one can actually meet one’s basic needs such as accommodation, food, utility bills etc. This figure is normally higher than the legal minimum wage.
This begs the question, if a company pays any staff member at a rate lower than the living wage, should they be charged with attempted murder?
Maybe they should!