I’ve told you before, do not believe the likes of Howard Reed and Richard Murphy!
Long before the crash, the wage share of GDP slid from 61% to 56%, money syphoned out of working pockets into profits in the longest wage squeeze in more than a century.
It is not true that the economy comes in two parts, wage share and profit share. They are lying to you.
It comes in four parts. Wage share, profits share, employer paid taxes on wages and consumption taxes.
The wage share fell: the profit share did not rise. It was the other two, the taxes (employers’ NI and VAT) which rose.
It was Gordon Bloody Brown, not the capitalist bastards, that did this.
On Monday, this year’s new living wage rate will be set, currently £8.55 an hour in London, £7.45 elsewhere. It’s calculated annually by the Joseph Rowntree Foundation’s minimum standard, a sum set by what public opinion says is the least people need for a socially acceptable standard of living. A man should have a pair of shoes and a pair of trainers. A child should have four outings a year to a zoo, farm or Christmas panto. Parents should be able to afford a £50 birthday present for a child, plus £50 for a party. That’s luxury for those surviving on less, with the minimum wage at just £6.31. There are five million full-timers earning less than £13,350.
And that living wage is a pre-tax number! If we simply raised the tax free allowance (for both income tax and both NIs) to the minimum wage then the minimum wage would be above the living wage.
It’s the fucking taxes on the poor that make them poor!
What could be done? The Treasury would save £3.5bn if the living wage became the minimum wage in the private sector, by receiving more in tax and paying less in tax credit subsidies.
Crippled Jesus Christ on a fucking pogo stick. You’re justifying paying the poor more by gloating about the amount you can tax off the indigent fuckers?
Doesn’t anyone have any shame any more?
Equal pay day falls on 7 November, the day women stop being paid because of the gender pay gap. Forcing equal pay audits, so employers had to reveal how much less they pay women, along with rights for higher paid jobs to be part-time, might end the pay gap – which stands at 35.6% for part-time women.
No it fucking doesn’t! Female part timers earn more than male part timers. The gender pay gap for part timers is negative. You are using female part timers as compared to male full timers. And even the Women and Work Commission had the damn good grace to acknowledge that part timers are always going to get paid less than full timers. And the Statistics Ombudsman rapped Harperson on the knuckles for using these numbers as well.
Normally Polly’s just misguided but this is flat out lying.