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There's not "more money", there's higher wages which will be offset by less employment. The net earnings would probably be unchanged. If you hired 100 people on £7 an hour and were told you had to give them all £2 wage increases, how many would you let go? I don't think any employer could...

Alternatives? Labour were going to spend their way out of the recession. People complain about austerity, and complain that the deficit is rising! It's pathetic. He's damned if he does and damned if he doesn't... What if it means you lose your job because the employer can no longer budget...