How do you get rid of the Minimum income? Freeze it; it loses value moving down to benefit levels where you can say it’s not worth having it.
So how does help the economy move if everyone is poorer and not spending; it’s either psychotic, they don’t want the economy to recover or its part of an ideological move on wages……
Cameron considers call to freeze minimum wage
David Cameron is considering calls to freeze the national minimum wage to encourage employers to hire more staff and inject life into the “subdued” economy.
The coalition has given its strongest signal so far that it is prepared to block an increase to the wages of the lowest paid workers in the country amid concern over rising unemployment.
The separate minimum wage rates for young people are the most likely to be frozen to make it easier for firms to offer jobs to one million under-25s who are out of work.
The Low Pay Commission, which recommends minimum wage rates to ministers, sent its report to Downing Street and the Department for Business, Innovation and Skills (BIS) last week.
The current rate is £6.08 per hour for adults and £4.98 for workers aged 18 to 20.
The government is expected to make an official announcement on this year’s rates in the next two months.
Source;
Telegraph