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
06 Oct 2017

Santa needs his Elves early

I don’t know about you, but it seems the minute the mid-Summer Solstice has happened we start thinking about Christmas.  Who’s going where and when.  Who wants what, who doesn’t want anything and who is going hide in their bedroom all day. You may think this is all a bit early.  However, many of our[…..]

Latest Posts
04 Sep 2017

Get the best staff with flexible working

Flexible working brings a more diverse pool of candidates – and could they be so wrong they’re right, like chocolate covered pork scratchings? Honestly, it’s a thing!  Belgian chocolate pork scratchings – it works because it is like “salted caramel on steroids”. It’s that whole salt/sweet combo but taken to another level, you first get[…..]

Latest Posts
30 Aug 2017

Back to school, back to work – temping and part time jobs in Basingstoke

Summer came in like a lion and fizzled out like a camp fire made out of damp wood.  It appears that Autumn is upon us already. It definitely has its advantages other than the chance to kick our way through oceans of leaves & smell the woodsmoke of bonfires; it’s often the time to think[…..]

Latest Posts
17 Jul 2017

#ThisGirlCan? This girl did – inspiration from Jane Austen

”A large income is the best recipe for happiness I ever heard of”’ –  Jane Austen The 7th of July was the 200th anniversary of the death of Hampshire’s greatest author – Jane Austen.  Here was truly a woman ahead of her time.  In an era where very few women had the opportunity to vote,[…..]

Latest Posts
19 Jun 2017

Wote Street People get Pretty Muddy for Cancer Research

It all started 2 years ago, when Madelaine took part in the Brutal 10k as part of our 25th Anniversary celebrations (celebrations?? Well, we decided to raise money for Basingstoke Consortium as a way of celebrating). The rest of the team went along on a cold Saturday November morning to watch Mad go through hell.[…..]