16th October 2005, 03:10 PM
This is possibly linked in with your '1' Troll, but I think there does need to be some sort of debate as to the value of IFA recommended wages if A: there aren't (can't be?) enforced, B: they're set so low that nobody can afford to live on them and C: and this depresses me the most, companies which paid more than the minimum wage appeared by the IFA's figures to have lowered their wages to fall in line with the minimum wage during its early period (I am open to challenge on the last point with regard to recent changes as my figures are out of date and the issue is raised to get clarification of recent trends).
Is there a legal type out there who could spread a little light on the issue of if industry can effectively set minimum wages without falling foul of legistlation i'd be curious. I have my doubts along the lines of monopoly law etc, but i'd like to know the specifics.
Is there a legal type out there who could spread a little light on the issue of if industry can effectively set minimum wages without falling foul of legistlation i'd be curious. I have my doubts along the lines of monopoly law etc, but i'd like to know the specifics.