Martin Flanagan: Living wage justified despite firms’ fears



The problem with the national living wage introduced by the Tory government in April after being trailed the year before by George Osborne is not that most businesses can’t afford it. They can.
The problem is that the businesses which can’t afford it the most – mainly a slice of the small and medium-sized sector – are hurt disproportionately. And their recourse is to cut recruitment, staff hours, benefits and general pay growth.
In terms of social cohesiveness the living wage is a very good idea Martin Flanagan That is borne out by a survey published today by the British Chambers of... read more

 
30 September 2016 in Business, Views: 40
Source: Scotsman
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