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Re: This is tip of the iceberg
Arthur, I agree with you - employers should pay the minimum, actually the living, wage.
However, it is common sense if you pay out more wages, your profits are less*, so we will have to differ on that statement....
*if you bring in £100,000, and pay out £60,000, profit is £40,000 - if paying the minimum/living wage, and this means you pay out £70,000, profit is £30,000.
Profits affected, reduced by £10,000.
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