| The changing income tax landscape 07:37 - Nov 1 with 984 views | AnotherJohn |
We all know that frozen taxation thresholds are hitting working people in the pocket, but the chart in this article lays out what is happpening in stark terms.
https://www.msn.com/en-gb/mone |  | | |  |
| The changing income tax landscape on 08:26 - Nov 1 with 931 views | Gwyn737 |
Fiscal drag has made the gaps incredibly small.
For context, with the latest rise in minimum wage, a minimum wage worker will earn about £30 a week less than a first year teacher who will additionally have £50k of debt. | | | |
| The changing income tax landscape on 08:42 - Nov 1 with 918 views | AnotherJohn |
| The changing income tax landscape on 08:26 - Nov 1 by Gwyn737 |
Fiscal drag has made the gaps incredibly small.
For context, with the latest rise in minimum wage, a minimum wage worker will earn about £30 a week less than a first year teacher who will additionally have £50k of debt. |
Indeed so. My son started work with a civil engineering consulting firm last year after completing a 4-year M.Eng., and his initial salary was only a little above minimum wage. Fortunately, after he had a job offer from a rival firm, his employer gave him a reasonable rise, but the gap with minimum wage is still not vast. In both teaching and engineering, graduate entrants can expect to progress up a scale as they gain experience, but as the chart shows they don't progress too far before the 40% tax rate cuts in. [Post edited 1 Nov 8:45]
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| The changing income tax landscape on 08:46 - Nov 1 with 905 views | Whiterockin |
| The changing income tax landscape on 08:26 - Nov 1 by Gwyn737 |
Fiscal drag has made the gaps incredibly small.
For context, with the latest rise in minimum wage, a minimum wage worker will earn about £30 a week less than a first year teacher who will additionally have £50k of debt. |
Many minimum wage earners are on zero hour contacts with no government pension to look forward too. Plus there is nothing to say that the minimum wage worker hasn't been to university and have a similar debt. |  | | |
| The changing income tax landscape on 08:52 - Nov 1 with 890 views | Dr_Winston |
The minimum wage is at least £3ph too high. Add in the additional costs of hiring someone and it's no real surprise that the job market for young people has been devastated. Why hire someone with no experience when they cost just the same as someone with plenty?
There is a strong economic argument for not having a minimum wage at all, but that's probably a step too far.
They should have a four or five year pause on increasing it and raise the personal allowance instead, but that won't happen because Labour voters need their handouts. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| The changing income tax landscape on 08:59 - Nov 1 with 867 views | felixstowe_jack |
| The changing income tax landscape on 08:46 - Nov 1 by Whiterockin |
Many minimum wage earners are on zero hour contacts with no government pension to look forward too. Plus there is nothing to say that the minimum wage worker hasn't been to university and have a similar debt. |
The myth about zero hours contracts still exist. Nobody actually works zero hours and it gives workers and employees flexibility. The average hours for workers on zero hours is about 30 hours and this includes people who want to work part-time and students who combine work with their studies.
When asked about 20% of those on zero hours wanted to work more hours and about 30% wanted to work more hours
If Angela gets her way and forces employees to off 40 hours a week it will mean less people in work a d even higher benefits paid to those who lose their jobs. | |
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| The changing income tax landscape on 09:18 - Nov 1 with 812 views | Whiterockin |
| The changing income tax landscape on 08:59 - Nov 1 by felixstowe_jack |
The myth about zero hours contracts still exist. Nobody actually works zero hours and it gives workers and employees flexibility. The average hours for workers on zero hours is about 30 hours and this includes people who want to work part-time and students who combine work with their studies.
When asked about 20% of those on zero hours wanted to work more hours and about 30% wanted to work more hours
If Angela gets her way and forces employees to off 40 hours a week it will mean less people in work a d even higher benefits paid to those who lose their jobs. |
I think my point regarding the comparison still stands. Possibly the phrase zero hours should change to minimum hours. | | | |
| The changing income tax landscape on 09:47 - Nov 1 with 777 views | Gwyn737 |
| The changing income tax landscape on 08:46 - Nov 1 by Whiterockin |
Many minimum wage earners are on zero hour contacts with no government pension to look forward too. Plus there is nothing to say that the minimum wage worker hasn't been to university and have a similar debt. |
I assume because they’ve not found the career linked to their degree.
Teachers, nurses etc tend to go into their profession, at least for a while. | | | |
| The changing income tax landscape on 09:51 - Nov 1 with 761 views | Whiterockin |
| The changing income tax landscape on 09:47 - Nov 1 by Gwyn737 |
I assume because they’ve not found the career linked to their degree.
Teachers, nurses etc tend to go into their profession, at least for a while. |
As we have discussed before many go to university through peer pressure and don't necessarily know what career they want. | | | |
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| The changing income tax landscape on 13:02 - Nov 1 with 666 views | Gwyn737 |
| The changing income tax landscape on 09:51 - Nov 1 by Whiterockin |
As we have discussed before many go to university through peer pressure and don't necessarily know what career they want. |
I agree. That’s why I specifically chose teachers and nurses as examples.
It a concern that as the minimum wage creeps towards professions like those we’ll see more strikes. | | | |
| The changing income tax landscape on 00:26 - Nov 2 with 518 views | AnotherJohn |
One little irony I came across is that "Uncle Joe" criticised "Leftists" who pushed for wage equalisation. Joseph Stalin argued that wage differentiation was necessary to incentivise workers to undertake the training needed to become skilled.
It seems that Andy and other politicians of recent times are not good Marxists.
"The cause is the wrong structure of wages, the wrong wage scales, the "Leftist" practice of wage equalisation. In a number of factories wage scales are drawn up in such a way as to practically wipe out the difference between skilled and unskilled labour, between heavy and light work. The consequence of wage equalisation is that the unskilled worker lacks the incentive to become a skilled worker and is thus deprived of the prospect of advancement; as a result he feels himself a "visitor" in the factory, working only temporarily so as to "earn a little money" and then go off to "try his luck" in some other place. The consequence of wage equalisation is that the skilled worker is obliged to go from factory to factory until he finds one where his skill is properly appreciated.
(...)
In order to put an end to this evil we must abolish wage equalisation and discard the old wage scales. In order to put an end to this evil we must draw up wage scales that will take into account the difference between skilled and unskilled labour, between heavy and light work. We cannot tolerate a situation where a rolling-mill worker in the iron and steel industry earns no more than a sweeper. We cannot tolerate a situation where a locomotive driver earns only as much as a copying clerk. Marx and Lenin said that the difference between skilled and unskilled labour would exist even under socialism, even after classes had been abolished; that only under communism would this difference disappear and that, consequently, even under socialism "wages" must be paid according to work performed and not according to needs. But the equalitarians among our economic executives and trade-union officials do not agree with this and believe that under our Soviet system this difference has already disappeared. Who is right, Marx and Lenin or the equalitarians? It must be assumed that it is Marx and Lenin who are right. But it follows from this that whoever draws up wage scales on the "principle" of wage equalisation, without taking into account the difference between skilled and unskilled labour, breaks with Marxism, breaks with Leninism."
https://www.marxists.org/refer [Post edited 2 Nov 0:31]
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| The changing income tax landscape on 13:57 - Nov 2 with 356 views | ReslovenSwan1 |
| The changing income tax landscape on 08:46 - Nov 1 by Whiterockin |
Many minimum wage earners are on zero hour contacts with no government pension to look forward too. Plus there is nothing to say that the minimum wage worker hasn't been to university and have a similar debt. |
I was on a zero hour contract on the railways.the money was good but no sick leave and no pension. I picked up a virus at Wembley actually 2013 and was out of action for three weeks. It must have been a severe flu or early COVID type event. No pay
Youngsters should be able to find £100 pcm. The HMG give an extra £25 on top. Compound growth will do the rest
Freezing the tax free allowance to 2031 will raise a lot of money without actually doing anything. I would scrap Winter fuel allowance immediately. It is not the job of the Government to keep people warm. UK is not Irtusk at minus 46c. |  |
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| The changing income tax landscape on 14:04 - Nov 2 with 353 views | max936 |
| The changing income tax landscape on 13:57 - Nov 2 by ReslovenSwan1 |
I was on a zero hour contract on the railways.the money was good but no sick leave and no pension. I picked up a virus at Wembley actually 2013 and was out of action for three weeks. It must have been a severe flu or early COVID type event. No pay
Youngsters should be able to find £100 pcm. The HMG give an extra £25 on top. Compound growth will do the rest
Freezing the tax free allowance to 2031 will raise a lot of money without actually doing anything. I would scrap Winter fuel allowance immediately. It is not the job of the Government to keep people warm. UK is not Irtusk at minus 46c. |
I'm off at moment and I'll get NO PAY, so wipe your tears  |  | | |
| The changing income tax landscape on 15:02 - Nov 2 with 330 views | Gwyn737 |
| The changing income tax landscape on 00:26 - Nov 2 by AnotherJohn |
One little irony I came across is that "Uncle Joe" criticised "Leftists" who pushed for wage equalisation. Joseph Stalin argued that wage differentiation was necessary to incentivise workers to undertake the training needed to become skilled.
It seems that Andy and other politicians of recent times are not good Marxists.
"The cause is the wrong structure of wages, the wrong wage scales, the "Leftist" practice of wage equalisation. In a number of factories wage scales are drawn up in such a way as to practically wipe out the difference between skilled and unskilled labour, between heavy and light work. The consequence of wage equalisation is that the unskilled worker lacks the incentive to become a skilled worker and is thus deprived of the prospect of advancement; as a result he feels himself a "visitor" in the factory, working only temporarily so as to "earn a little money" and then go off to "try his luck" in some other place. The consequence of wage equalisation is that the skilled worker is obliged to go from factory to factory until he finds one where his skill is properly appreciated.
(...)
In order to put an end to this evil we must abolish wage equalisation and discard the old wage scales. In order to put an end to this evil we must draw up wage scales that will take into account the difference between skilled and unskilled labour, between heavy and light work. We cannot tolerate a situation where a rolling-mill worker in the iron and steel industry earns no more than a sweeper. We cannot tolerate a situation where a locomotive driver earns only as much as a copying clerk. Marx and Lenin said that the difference between skilled and unskilled labour would exist even under socialism, even after classes had been abolished; that only under communism would this difference disappear and that, consequently, even under socialism "wages" must be paid according to work performed and not according to needs. But the equalitarians among our economic executives and trade-union officials do not agree with this and believe that under our Soviet system this difference has already disappeared. Who is right, Marx and Lenin or the equalitarians? It must be assumed that it is Marx and Lenin who are right. But it follows from this that whoever draws up wage scales on the "principle" of wage equalisation, without taking into account the difference between skilled and unskilled labour, breaks with Marxism, breaks with Leninism."
https://www.marxists.org/refer [Post edited 2 Nov 0:31]
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I has in London for a few days last week and went for a walk that included passing Highgate Cemetery.
I coudn't help but chuckle that it costs a tenner to see the tomb of karl Marx. The irony!  [Post edited 2 Nov 15:03]
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| The changing income tax landscape on 20:41 - Nov 2 with 224 views | SullutaCreturned |
| The changing income tax landscape on 08:52 - Nov 1 by Dr_Winston |
The minimum wage is at least £3ph too high. Add in the additional costs of hiring someone and it's no real surprise that the job market for young people has been devastated. Why hire someone with no experience when they cost just the same as someone with plenty?
There is a strong economic argument for not having a minimum wage at all, but that's probably a step too far.
They should have a four or five year pause on increasing it and raise the personal allowance instead, but that won't happen because Labour voters need their handouts. |
And I disagree, if you are in full time work you should be able to survive, poverty wages just cause a bigger dependency on welfare.
I think we need to do 3 things,
1, have 2 minimum wage bands, one for small businesses and a higher wage for corporations who make billions in profit.
2, if 1 happens then we can cut welfare because maybe it will cut the number of people on universal credit.
3, increase training and apprenticeships. We have a skill shortage.
One thing, Doc, when you say why hire young people with no experience, it has been that attitude that has helped along the skills shortage and made a lot of people unemployable. If you have no experience you can't get a job, if you can't get a job how do you get experience? A lot of jobs that used to be done by young people have vanished, we got jobs in pubs and cafes for example. There's not many pubs around now. Raising the personal allowance won't help people who can't get a job or won't take a job because the pay is less than they can live on and then where are they, on benefits.
Small businesses need help but the corporations, they need controlling, they have too much power and are causing social, environmental and political problems. | | | |
| The changing income tax landscape on 20:50 - Nov 2 with 221 views | Whiterockin |
| The changing income tax landscape on 20:41 - Nov 2 by SullutaCreturned |
And I disagree, if you are in full time work you should be able to survive, poverty wages just cause a bigger dependency on welfare.
I think we need to do 3 things,
1, have 2 minimum wage bands, one for small businesses and a higher wage for corporations who make billions in profit.
2, if 1 happens then we can cut welfare because maybe it will cut the number of people on universal credit.
3, increase training and apprenticeships. We have a skill shortage.
One thing, Doc, when you say why hire young people with no experience, it has been that attitude that has helped along the skills shortage and made a lot of people unemployable. If you have no experience you can't get a job, if you can't get a job how do you get experience? A lot of jobs that used to be done by young people have vanished, we got jobs in pubs and cafes for example. There's not many pubs around now. Raising the personal allowance won't help people who can't get a job or won't take a job because the pay is less than they can live on and then where are they, on benefits.
Small businesses need help but the corporations, they need controlling, they have too much power and are causing social, environmental and political problems. |
What band would you have for government employee's on minimum wage. | | | |
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