Miliband minor, reputed leader of something called "The Labour Party", has come up with another vote-winning wheeze; he's promising to introduce the "living wage" should his mob be elected to power in 2015.
Notwithstanding the nonsense of the "living wage", what Miliband has not exactly dwelt upon is that every penny extra which an employee would receive in their wage packets would be taken away by the benefits' system. The total paid to families in tax credits, housing and council tax benefits would be reduced to compensate for the extra employment income and, overall, the vast majority of recipients would be no better off. The one lasting effect of Miliband's proposal would be a significant additional burden on businesses, not to mention public services such as health, education and local government.
The additional wages, without additional productivity, mean rising costs, higher prices and inflation; people will not be better off. Miliband's policy in this direction is nothing but a cynical attempt to con voters into voting for his misbegotten bunch of hypocrites. Don't be fooled.
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