‘Jobless rate to rise’ after NI increase

https://www.thetimes.com/business-money/economics/article/jobless-rate-to-rise-after-ni-increase-gr0nkkq33

Posted by tkyjonathan

5 comments

  1. Companies have their variable costs increased by government.

    Option 1: increase prices (equals inflation)

    Option 2: cut costs (lower annual increases/bonuses or reduce headcount)

    Well done!

  2. Yes, you increase the price of something you lower its demand. This is basic stuff, it still applied to labour the same way it applies to goods.

  3. So you’re saying working people will be impacted? You’re mistaken, Starmer said that wasn’t going to happen!

  4. Targeted and deliberate attack on small businesses and British citizen’s ability to start and grow one.

    This will be a drop in the ocean to corporate entities.  

    I am a social democrat and I wanted a progressive tax system overhaul- this ain’t it.  
    This does nothing to reduce inequality and only serves to nudge British citizens to work for someone other than themselves.  We’ve been being boxed in wage slavery since the leave campaign and with free ports soon to bring wages and employment standards down further there’s no road back at this point.

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