Now with the US minimum wage on autopilot up and up and up – do you think somebody might actually think about saving jobs by not forcing businesses to get rid of staff that aren’t worth $7.50 an hour?
The Low Pay Commission will now make its recommendation for this year’s rise in May instead of early next month.
The British Chambers of Commerce said the move indicated that the commission was now considering a freeze in the wage, which now stands at £5.73 an hour for over 21 year-olds.
It estimates that another increase in the wage, at the same amount as in 2008, would cost businesses £300m at a time when they could least afford it.
What a shocking idea – don’t force businesses to increase costs when they are going bust left and right and nobody is spending any money on anything.
Washington DC – are you listening?