Jeez - this is scarey. employment situation

[minestrone]

What's your argument then?

Lowering wages is more likely to increase the take-up of low paid jobs?
- Can't see those who don't want to work for £5 an hour will work for £3.

-Employers can't afford to emply someone on £5 an hour? Therefore there are less jobs

£5 an hour is pretty low, a race to become the new India isn't a solution. IIRC £3 an hour hasnt been seen since the late 80s when the cost of living was a fraction of that today. Places like ALDI chose to pay OVER the minimum wage and they seem to be doing pretty well. You are effectively arguing for is state subsidised jobs, because anyone paid that lowly will require their income to be topped up by the state.

3 quid an hour was being paid up to the late 90s by fast food places.

[ZARDOZ]

Ok, if you want to blur the figures we'll just rely on the basic economic theory instead then....

If something costs more, it's consumed less.

Blur the figures! I'm comparing and contrasting. You show a nice plot in exclusion that seems to justify your argument. Back in the wider economic context it appears the UK youth unemployment acting no differently to the rest of Europe, in fact we were comparitively less volatile, if the NMW had some effect I would expect us to stand out in a negative way not a positive one.

You have no answer to that so you move the goalposts.

[Robinho]

Map UK GDP with youth unemployment. The economy continued to bubble up until late 2007 yet youth unemployment rose.

There's no need to look at other countries, they probably introduced their own destructive regulations.

Nor am i moving the goal posts i am just going back to the core fact that the more expensive something is the less it's consumed.

Are you disputing this fact?

[Ticktock]

Map UK GDP with youth unemployment. The economy continued to bubble up until late 2007 yet youth unemployment rose.

There's no need to look at other countries, they probably introduced their own destructive regulations.

Nor am i moving the goal posts i am just going back to the core fact that the more expensive something is the less it's consumed.

Are you disputing this fact?

I'll dispute that. Look up Price Elasticity of Demand.

[DodgyAgent]

The youth unemployment issue they created with the minimum wage.

Labour: fighting short term populist decisions with short term populist decisions.

Young don’t want to work, says company with 500 jobs | The Times

Not helped by the socialist institutions that are responsible for the appalling education system in this country.
Not helped by the liberal privileged lefties who refuse to hear of any criticism of public services (which they themselves do not use) and refuse to hold the disgraceful education system to account.

[ZARDOZ]

Map UK GDP with youth unemployment. The economy continued to bubble up until late 2007 yet youth unemployment rose.

There's no need to look at other countries, they probably introduced their own destructive regulations.

Nor am i moving the goal posts i am just going back to the core fact that the more expensive something is the less it's consumed.

Are you disputing this fact?

Although I can, why should I debunk your "fact" when you won't conceded that the UK was doing comparitively well compared to the wider economy and hence it would seem that the NMW has had negligible effect. If you don't believe it's the economic cycle then ask yourself... What was causing similarly high youth unemployment in the early 90s? This was a time when there was no NMW. In your basic but flawed argument... If something costs less it must be consumed more surely?

[Robinho]

Young don’t want to work, says company with 500 jobs | The Times

Not helped by the socialist institutions that are responsible for the appalling education system in this country.
Not helped by the liberal privileged lefties who refuse to hear of any criticism of public services (which they themselves do not use) and refuse to hold the disgraceful education system to account.

Well, if they don't want to work, they don't have to - that's their call. Provided we deny them benefits i don't care.

[Robinho]

Although I can

No you can't.

[ZARDOZ]

No you can't.

I just did and it went over your head

[Robinho]

I just did and it went over your head

So you think that if everyone on this forum went to HR now and said double my rate or i'll quite the "employment" rate of the forum would not change?