TJC1 Posted September 18, 2015 Share Posted September 18, 2015 http://www.bbc.co.uk/news/business-34281559 Lidl said its new pay rate would amount to an average wage increase of £1,200 a year, "with 53% of Lidl UK's 17,000 workforce and all age brackets benefiting from the rise". Meanwhile other firms have warned of price increases. Whitbread who owns costa coffee said: The company said in a statement that it plans to make “some selective price increases” and “efficiency savings” to mitigate the cost of the national living wage. http://www.theguardian.com/society/2015/sep/08/costa-coffee-living-wage-warning-inflates-fear-of-price-rises-and-job-cuts Next, the clothing retailer warn of a 1% price increase or 5% in total: Next’s chief executive, Lord Wolfson, has said George Osborne’s new national living wage will cost the company £27m a year by the end of the decade and risks creating a potentially harmful inflationary loop. Wolfson, a Conservative peer and friend of the chancellor, said Next would raise prices to offset the cost of implementing the higher pay rate, although the increase could be as little as 1%. http://www.theguardian.com/business/2015/sep/10/next-chief-says-national-living-wage-could-drive-up-inflation Link to comment Share on other sites More sharing options...
Gamston Posted September 18, 2015 Share Posted September 18, 2015 If Lidl are giving their workers a pay increase that is good for the workers who benefit . However , if companies are forced to increase the minimum wage or living wage then job losses are inevitable . In the real world an employer who pays six workers for example may only able to afford to employ five . The remaining five workers then will have to do the work of six people . Also it is likely more people will be given zero hour contracts . I accept some employers can afford to pay workers more and do exploit them ,but there are also many who are struggling in the cut throat commercial world . New legislation leads to more people working part time (zero hours) than full time . Link to comment Share on other sites More sharing options...
ricgem2002 Posted September 18, 2015 Share Posted September 18, 2015 I accept some employers can afford to pay workers more and do exploit them ,but there are also many who are struggling in the cut throat commercial world . New legislation leads to more people working part time (zero hours) than full time . and all these employers having part time workers wages topped up by the taxpayer so as not eat into their profits Link to comment Share on other sites More sharing options...
El Cid Posted September 18, 2015 Share Posted September 18, 2015 I accept some employers can afford to pay workers more and do exploit them ,but there are also many who are struggling in the cut throat commercial world . New legislation leads to more people working part time (zero hours) than full time . At the last budget, companies got a decrease in corporation tax, George Osborne may well reduce it some more. Link to comment Share on other sites More sharing options...
Gamston Posted September 18, 2015 Share Posted September 18, 2015 At the last budget, companies got a decrease in corporation tax, George Osborne may well reduce it some more. In the past Lidl has been criticised by a British owned supermarket for not paying enough tax in the UK . Lower corporation tax may encourage more overseas owned retailers to pay more tax to the UK government . Maybe Lidl can afford to give their UK workers a pay rise because they have been paying less tax then their rivals ? Link to comment Share on other sites More sharing options...
TJC1 Posted September 18, 2015 Author Share Posted September 18, 2015 its costing LIDL 9 million apparently...I"d expect price of goods to rise slightly above inflation. Link to comment Share on other sites More sharing options...
El Cid Posted September 18, 2015 Share Posted September 18, 2015 Leeds City Council and other councils are just voting on paying all their workers £8.01 per hour, at least its not just the councils, the right wingers would love that Link to comment Share on other sites More sharing options...
ricgem2002 Posted September 19, 2015 Share Posted September 19, 2015 its costing LIDL 9 million apparently...I"d expect price of goods to rise slightly above inflation. how much profit did they make this year? Link to comment Share on other sites More sharing options...
poppet2 Posted September 19, 2015 Share Posted September 19, 2015 how much profit did they make this year? Regardless, Lidl have exposed the big supermarkets. If Lidl can do it why can't other supermarkets? I know where I shall be taking my custom in future. Mind, don't you feel sad for those other supermarkets who find their profits are down by a small percentage, but still make millions profit? I weep for them:roll: and yet THEY expect their workers to live on the minimum wage! Link to comment Share on other sites More sharing options...
ricgem2002 Posted September 19, 2015 Share Posted September 19, 2015 Regardless, Lidl have exposed the big supermarkets. If Lidl can do it why can't other supermarkets? I know where I shall be taking my custom in future. Mind, don't you feel sad for those other supermarkets who find their profits are down by a small percentage, but still make millions profit? I weep for them:roll: and yet THEY expect their workers to live on the minimum wage! that's why I asked the question on how much profit they made poppet2. you get people on here whinging about these companies cant afford it blah blah blah yet these companies are making millions every year . some people cant see the wood for the trees Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now