They do this every time it raises and the great collapse they talk of never seems to come so I'm fairly confident it won't hapoen this time.
The fact that this is a normal inflation based rise. Not in any way am attempt to make it closer to a living wage.
Makes it clear that companies complaining are not fit for survival. Or just lieing.
Then they just pass the cost onto consumers whilst also increasing profit margins at the same time.
It is hard for me to find a min wage job, partially because of this, right now, but I also support it.
Edit: actually more likely due to the NI raise
If you can't afford to pay your staff a living wage, you are not running a sustainable business. Capitalism suddenly not so good :(
No "suddenly" about it. Capitalism has always been bollox.
Bosses all across UK angry because it means they'll have consider taking less out of the till for themselves.
We have a massively state-subsidised workforce at the same time that bosses and shareholders are paying themselves obscene amounts in salaries and dividends. That's the real crisis.
what if companies paid their owners less, say, zero
They would rather see zero.
Dan, thank you for this question. It's really at the heart of the work that I'm trying to do now, which I call thanatocracy. So, it was John Locke who said political power is making laws punishable by death.
And I think anyone who's studied Marx or studied other political economists will see that the human surplus arises from reducing the value of the workers to zero, as close to slavery as you can get. So, that's the matter of value theory and political economy. But I think it rings true for most everybody that the boss is trying to reduce wages, the workers trying to increase them.
And the boss, unless he reaches some opposition, will go down to zero. You know, as long as labor is plentiful, as long as a new generation is created, or as long as immigration is possible, slavery is the tendency of capitalism. When I say slavery, I mean reducing the value of the human life to zero, to nothing.
From The Dig: Breaking the Machine w/ Peter Linebaugh, Feb 17, 2026 https://podcasts.apple.com/us/podcast/the-dig/id1043245989?i=1000750229034&r=1662
All costs are passed onto customers. That's how business works.
It's really not just like that and that is a problem too.
It's just something capitalist say to make you not fought it. Any excuse goes to PR (even when it's not true at all).
If a company could sell at a higher price/revenue it already would have.
If a company can sell the product at eg a 20% higher price it would be very stupid of them not to do that before the cost increase. Nobody is selling at cost/production price, not in "free markets", that's communism.
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