The chancellor’s higher minimum wage will benefit the low-paid. But the Tories’ trade union bill simultaneously strips them of their bargaining power at workThe backlash has begun. CBI director general John Cridland final week joined the bosses of Next,Whitbread and Wetherspoons in expressing concern approximately the impact of George Osborne’s “national living wage”, which Cridland described as “a gamble”.
It is a gamble. Churlish Corbynites might complain that the £9 or so which over-25s will have to be paid by 2020 is still well below any realistic estimate of the income required to cover basic needs – rent, and food,bills and so on.
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Source: theguardian.com