One for Tim W: increase minimum wage to reduce benefit budget
Hello All
I was thinking (always dangerous I find) today about the cleaners, catering staff and security guards in the building where I work. All outsourced. Most on minimum wage or minimum+£1 or so. Many receiving benefits (most people who claim housing benefit are working).
Why do we subsidise employers? What would be the (macro/micro) economic impact of jacking up the statutory minimum wage to 'living wage' levels as a way of cutting the benefit bill?
Biting the hand that feeds IT
