A random thought on minimum wage.

Minimum wage is probably a good thing for employees, but not such a great thing for employers.

It is definitely a good thing for gov. It increases the amount an employee is paid, therefore increasing the amount of tax and NI they pay to the gov.

This in turn goes to pay for the repayment of the loans to the banks, and the public employee pensions (for which there is no pot).

As minimum wages increases, so fees for services and products will rise, and so will unemployment as there becomes less and less point in an employer keeping someone employed, at a rate for which there is no competition for jobs.

There will be a larger and larger drain on umemployment services, paid for by the gov, and fewer and fewer poeple to pay the taxes. More and more businesses will go out of business, because of unsustainable work levels, and the feeling that it would be better to be employed, rather than struggle all the hours god sends to keep up with the gov imposed rules, regulations, and health and safetly laws.

Oh, hang on, minimum wage is a bad thing for gov too.