Amazon don't employ anyone and no people are involved in making the goods they sell or distributing
Why is it that towns should have shops?
Why should towns have shops

Amazon don't employ anyone and no people are involved in making the goods they sell or distributing
Why is it that towns should have shops?
I run a successful business with 40 staff, and have a masters degree in economics.
It doesn't qualify me to comment any more than others on here, but for what it's worth, I think there's a strong case currently for an increase in the minimum wage -- ultimately, of course, there would be a point at which, if you raised the minimum wage, it would have a negative impact on aggregate employment. It's not clear exactly what level that would be, but most evidence suggests it's well above the current level. At the moment the minimum wage could, in my view, be safely increased up towards the £10 mark, certainly in London and the SE, with little or no effect on total employment. Some low-end, low skill, poorly managed, low value added businesses might struggle a bit, but they're the kind of businesses we could do with less of in this country anyway. We can never compete globally on low wages alone.
Over the longer-term, any slight squeeze on margins as a result of increasing the minimum wage would act as an incentive for businesses to increase their performance levels, and invest in skill and technology, which is a good thing and would ultimately contribute to growth, and job generation. Further, the fact is that people on low wages spend nearly all of their income, whereas business owners, managers and shareholders don't, so an increase in the minimum wage acts effectively to shift a bit of income from the latter groups to the former, and that income will immediately leak into consumption spending (rather than savings) with a corresponding positive impact on overall economic demand.
It appears there is very few business people frequenting this thread. Or economists come to that.
I sit on the board of a small but profitable software co. We pay our staff market rates, we don't outsource to India and we're one large sale away from needing to expand.
Imagine how much your bacon Sarnie would cost if your little cafe had to pay their staff 50% more.
Ah, the days of the high street shop are numbered indeed. Shame. I do like a gander down the high street, popping in for a pint, looking at the bits you have purchased. That was the 80's, 90's and 00's though. High Streets are going fast. But then on-line is cheaper and there's much more choice. We live in age of weather forecasts and breakfasts that set in
Really. If there are people on here that don't think our economy could support a living wage you are sadly mistaken. There is plenty of money in the UK, it's just not in the right place.
Ah, the days of the high street shop are numbered indeed. Shame. I do like a gander down the high street, popping in for a pint, looking at the bits you have purchased. That was the 80's, 90's and 00's though. High Streets are going fast. But then on-line is cheaper and there's much more choice. We live in age of weather forecasts and breakfasts that set in
Ah, the days of the high street shop are numbered indeed. Shame. I do like a gander down the high street, popping in for a pint, looking at the bits you have purchased. That was the 80's, 90's and 00's though. High Streets are going fast. But then on-line is cheaper and there's much more choice. We live in age of weather forecasts and breakfasts that set in
Doesn't affect how I feel about Amazon. I shop there for the stuff, not for their treatment of their staff, which is none of my concern.
Sorry if that's a bit honest for some people, but I literally couldn't care less. There's more going on in the world. Those people are employed, it could be a LOT worse. Trust me.
The correct price maybe?
Agreed, but I do believe that we will end up regretting the loss of our High Street shops. Sometimes there is a 'I need it now' scenario which the internet will not be able to provide.
Internet is cheaper at the moment - once the competition is effectively gone, will it continue to be so? Edit: Actually we will not know the answer! But it cannot stay cheap for ever
PILTDOWN MAN, have you built your bacon processing unit yet? If so please PM me as I will order some rashers from you.
I sit on the board of a small but profitable software co. We pay our staff market rates, we don't outsource to India and we're one large sale away from needing to expand.
I run a successful business with 40 staff, and have a masters degree in economics.
It doesn't qualify me to comment any more than others on here, but for what it's worth, I think there's a strong case currently for an increase in the minimum wage -- ultimately, of course, there would be a point at which, if you raised the minimum wage, it would have a negative impact on aggregate employment. It's not clear exactly what level that would be, but most evidence suggests it's well above the current level. At the moment the minimum wage could, in my view, be safely increased up towards the £10 mark, certainly in London and the SE, with little or no effect on total employment. Some low-end, low skill, poorly managed, low value added businesses might struggle a bit, but they're the kind of businesses we could do with less of in this country anyway. We can never compete globally on low wages alone.
Over the longer-term, any slight squeeze on margins as a result of increasing the minimum wage would act as an incentive for businesses to increase their performance levels, and invest in skill and technology, which is a good thing and would ultimately contribute to growth, and job generation. Further, the fact is that people on low wages spend nearly all of their income, whereas business owners, managers and shareholders don't, so an increase in the minimum wage acts effectively to shift a bit of income from the latter groups to the former, and that income will immediately leak into consumption spending (rather than savings) with a corresponding positive impact on overall economic demand.
Doesn't affect how I feel about Amazon. I shop there for the stuff, not for their treatment of their staff, which is none of my concern.
Sorry if that's a bit honest for some people, but I literally couldn't care less. There's more going on in the world. Those people are employed, it could be a LOT worse. Trust me.