Blog

You Are Here:

Earning a living wage – UK minimum wage

Posted on | Posted in Work experience

Our Basingstoke recruitment agency saw our very first Work Experience Student recently, courtesy of Basingstoke Consortium.  One of the tasks we set him was to research the National Minimum Wage & the Living Wage and to write a blog.  It’s very insightful for a 15 year old student with little experience of the working
world.  So much so that we’re making it the subject of our next HR Peer Group on Thursday 8th October. Here’s his take on the economics of earning a living.

 

Minimum Wage (and Living Wage) By Josh Andrewsminimum-wage-big-300x150
The wages constantly change, every few years it seems. Currently the minimum wage is at £6.50 per hour, it will be raised to £6.70 by October 1st, a whole 20 pence! Meanwhile the living wage is a mere 21% more than that, at £7.85 across the nation, and an admirable £9.15 in London
It is a controversial debate, with people constantly complaining, striking and more, to change it to a higher number. Some people struggle to get by, having to pay rent, food and water prices, electricity bills, and whatever else they may need to pay on a monthly basis. In total, a month of minimum wage is £1,126, which totals £13,512 for a year of work.
For students attempting to not only pay off their university tuition of about £9,000, but survive away from home, it can be a struggle. The ‘Living Wage’ is a great idea, making it so people won’t be scraping by every month, but it still doesn’t amount to much.
It is understandable that in some places, raising the wage for ALL workers can be difficult, as it comes at a higher cost, but everyone working should be able to live comfortably without fear of not making their monthly payments.  Finding work in the current job market can be difficult, especially if you are fresh out of school and aren’t very qualified or experienced. Many jobs that people can just about land do not provide all that much money, maybe just enough to get by on. A higher minimum wage means more people staying in their jobs, but less job availability.
Not only will less jobs be available, as companies will be more frugal about hiring more expensive workers that may not be very useful, prices of most things will follow the trend and go up – Food, clothing, entertainment items, amongst other things, will also rise to a suitable price, and in an essence even though more money is made, it’ll be the same as before the rise – more people not working, more things costing higher amounts of money.
Josh Andrews

0

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts
11 Nov 2020

Staying cyber-safe when working from home – Guest blog by Fiona Kent, Marketing Manager at InfoSec Partners

Many businesses had to quickly put measures in place to enable staff to work at home during the COVID-19 lockdown and for the majority, remote working is set to become the new normal for the foreseeable future. As such, the lines between work and home life have become increasingly blurred, more fluid, some may say,[…..]

Latest Posts
02 Nov 2020

Let’s celebrate Menopause – Guest blog by Clare Davis of Nova Associates

“I am grateful to be a woman. I must have done something great in another life”. Maya Angelou. Why do people shy away from the topic of menopause with their loved ones?   Are you between the age of 45 and 55? Do you realise this is when menopause occurs for the majority of women, one in[…..]

Latest Posts
29 Oct 2020

Mind the gap? Not when it comes to CVs…

When sifting through CVs to recruit for jobs in Basingstoke, a significant gap in a candidate’s employment history might glare at you like a red light. Did they leave a job abruptly with no new role to go to? Why? Are they fickle? Lazy? Hard to get along with? Maybe they were sacked? These are[…..]

Latest Posts
30 Sep 2020

Latest Guidance: Should My Employees be Working from Home? – Guest blog by Lamb Brooks

Yesterday’s announcement from the Prime Minister saw a U-turn away from the government’s previous message of ‘getting office workers back into the workplace’ by announcing that those who can work from home, should return to doing so. For some workplaces, the decision had already been made that employees would continue to work remotely with no[…..]

Latest Posts
23 Sep 2020

What is Mental Health First Aid? – Guest Blog by Clare Davis, Director of Nova Associates

What do you think Mental Health first Aid is? When I tell people I am a Mental Health first Aid instructor, I often get asked, “Are you a counsellor” or “Are you a psychologist?” Mental Health First Aid (MHFA) is not about fixing people. It is not about being a therapist. Regular (physical) First Aid[…..]