Quote:
Originally Posted by Rastamouse
What do you base that on? The price of labour would drop to a price where people were willing to work for it. No-one would be willing to work in a job which wouldn't give them enough money to physically survive.
Yes, you can obviously fill that gap by just saying "ah well the government would just have to subsidise them" but if that were the case, where does it stop? Why wouldn't people work for £1.00p/h? or £0.65p p/h?
Why would competition for jobs driving down the price of labour stop at your entirely arbitrary price of £3.00 p/h and drop no further?
No-one would work for £3.00 p/h in anything other than a professional-level internship where the main reward was the experience and contacts rather than the money. It wouldn't afford you any tangible benefit beyond a slightly better quality of homelessness or warmer and cosier version of gradual malnutrition/starvation.
Wtf are you talking about?
I was approximating a possible figure (ie probably wrong but chosen for demonstration sake) where jobs would be filled but it would only happen if income was topped up or people cut back on living standards.
If the option was making fifteen quid a day or starving in the street they would make fifteen quid a day. If the option was between two families (or extended family etc) sharing a small house or living in a cardboard box down by the river they will share the house.
This is the reality in most of the world.
Britain is only immune to such choices because we have a high min wage and a welfare system that bridges the gaps. Along with a little of the big society via food banks etc.
Take away min wage and either quality if life drops or income for most jobs is subsidised. Many min wage jobs at £6.50 aren't worth £6.50 ie people would take them for less in a true supply and demand situation.
Which in case I need to spell it out for the slower readers I'm not advocating.