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
25 Jul 2018

Educate employers about benefits of older workers

The latest report from the Government’s Women and Equalities Committee says older workers still face discrimination and the recruitment industry’s ‘failure to take more robust action has a significant impact on (their) ability to access work’. Maxine Hart, our Operations Director, has something to say. Valuing best practice The report is pretty damning stuff. But[…..]

Latest Posts
28 Jun 2018

Feeling hot, hot, hot?

Isn’t the weather glorious.  I don’t think anything beats a British heatwave.  It reminds of just how beautiful our country can be.  Granted, it would be more enjoyable if we weren’t all stuck in the office! So, how can we office workers stay cool in office? Here’s a few tips! If you’re luck enough to[…..]

Latest Posts
26 Jun 2018

Here’s what happened when we took on an apprentice…

A little over 18 months ago, we decided it was time to try something new.  Finding people jobs in Basingstoke and surrounding areas, Wote Street People has always grown organically, but after a stagnant 12 months we wanted to initiate a change. How were we going to do this?  Do we just wait for the[…..]

Latest Posts
07 Jun 2018

Proud of our community champion and awards finalist

Maxine Hart, Operations Director at Wote Street People, made the finals of the recent Place to Be Proud of Awards, nominated alongside Lamb Brooks Solicitors and The Champion Group in the Business and the Community category. Following a public vote, Champion was announced as the winner at a ceremony on 6th June at the Haymarket[…..]

Latest Posts
29 May 2018

How to get a summer job in Basingstoke

Whether you’re back in Basingstoke for the summer or you’ve recently left school or college, getting a summer job is an excellent opportunity to gain valuable work experience and earn funds – it can’t be all work and no play! What type of summer job could you get? Hospitality & Events, Production Line, Warehouse, Admin,[…..]