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'Osborne's Big Worry - Lack Of Wage Growth'









Pavilionaire

Pavilionaire

Well-known member
Jul 7, 2003
30,557
Not enough is being made about Auto-Enrolment - this is responsibility of employer's to offer employees a pension scheme and the obligation for both parties to contribute.

With the additional costs arising on employers it is unrealistic to think that they'd continue to offer inflationary wage increases on top of Auto-Enrolment. Once employees are made to contribute to their pension and real net pay decreases there will be an expectation that employers will increase salaries just to get employees back to their original position.

If the government wanted wages to rise now then they shouldn't have put an obligation in place for people to have to have a salary-linked pension scheme.

I think Auto-Enrolment is a good thing but to expect employers to handle both that cost AND higher wages is naïve in the extreme.
 


Beach Hut

Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
71,953
Living In a Box
Wage growth is unlikely to happen in any low inflation economy.
 








M

Machiavelli

Well-known member
Oct 11, 2013
16,626
Fiveways
Beach Hut said:
Wage growth is unlikely to happen in any low inflation economy.
Click to expand...

Wage growth is unlikely to happen when the vehicles to achieve it have been eviscerated, where there's surprising little concern -- or, perhaps better, recognition -- that workers' wages have failed to keep up with employers and property owners, and where there's little appetite to do anything about it.
 


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