If minimum wage goes to £9.42 what are Labour for? This isn't an attack, I honestly don't actually know.
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I have serious misgivings about the call for £15 an hour. It will be called unrealistic and used as a stick to beat us with. Better to campaign for compulsory sick pay, better holiday entitlement and most importantly, an end to zero hours contracts.
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Similar argument was said for introducing the minimum wage.
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Granted, but the minimum wage when it was introduced was set well below half the median. Now it is around 2/3 which is still too low, but a 68% hike to £15 will likely be inflationary. People on universal credit, state pension etc. will suffer.
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How can it be inflationary? Had anyone said Billionaire wage rise of billionaires, house prices, shares, food, energy....? State pension tacks inflation anyway.
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Wage increases in any sector are likely to lead to price increases, including the food, energy and housing sectors you mentioned. Increases for the already wealthy tend not to find their way back into the economy. We need to make them pay their fair share in tax. 1/2
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UK share prices have risen well below inflation for the last 20 years. The government has suspended the triple lock on pensions this year because the wage inflation element would have led to a projected 8% increase. 2/2
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Average inflation has been arround 2.5% or less for last 20 years. Even without losing I can guarantee stocks have been a bit higher than that. Even Santander bank offered 3% for about 6 of those 20 years. Show me your evidence for shares to have been below inflation.
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Here's the FTSE 100 index for the last 20 years. An increase of 39%.

Oct 6, 2021 · 1:38 PM UTC

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Depends on exactly match. I can get Nealy double that.