Comments by "Greg Greg" (@SlowhandGreg) on "Minimum wage set to rise to £12.21 an hour for over 21's | Budget 2024" video.

Rhishi froze them till 2028 then burnt 20 billion in an unfunded NI cut. Labour are backed into a corner on not raising employees NI and tax
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Why should the government subsidise business by depressing wages forcing people into in work benifit?
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Sunak froze it in 2023 it had been sliding since 2016. The freeze is till 2028 blame the unfunded NI cut
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No it doesn't Tesco for example spend 1 billion on wages and 26 on everything else.
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Why?
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@TehApolloEleven This is incorrect last time Labour were in power and used the minimum wage to increase low pay general productivity rose. In 2010 our GDP per capita was 50,000 on par with the US it is now 45,000 having shrunk over the last 14 years and America's is 80,000. Suppressing pay and creating a low wage economy encourages businesses to not invest and use cheap labour instead. and The same applies to the public sector.
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@leemccccccc999 Cutting public sector jobs made it worse, lengthened the recession and created some of the long term economic problems we have today. I'm retired studied economics when they made sense in John Maynard Keynes. The cr*p pedalled by Osborne was widely disproved as junk and the paper it was based on was riddled with errors found by a student trying to duplicate their workings in 2012. Even when it was disproved Osborne kept steaming ahead. quote Keynes developed this first systematic theory of employment. The Keynesian theory of employment states that the cause of unemployment is the deficiency of effective demand, and unemployment can be removed by raising effective demand. With the increase in effective demand, the production in the economy goes up. and his answer the state creates the jobs creating demand Hence FDR and the new deal
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