Lower wages now
In connection with the financial collapse of firms engaged in care home provision, it was pointed out, in a televised review, that minimum wage increases had contributed to the difficulties of these companies.
Minimum wage rates in the UK are all very well but there are many countries over the world where wage rates are considerably lower than the UK rate.
The obvious conclusion of many of the larger businesses in the UK is that it is more profitable to move their activities to take advantage of these lower rates.
There are more and more products sold in the UK bearing labels Made in China, Made in India, Made in Indonesia and so on.
Our politicians do not seem to realise that their proud boast of increased wage standards is in many cases actually putting people out of work, effectively increasing the cost of welfare benefits.
AA BULLIONS Glencairn Crescent
Leven, Fife