Skip to main content

Posts

Showing posts with the label wages

Not fare

(Aother classic post from our recently deceased comrade Vic Vanni)

The famous "Fares Fair" scheme, by which some Labour members of the Greater London Council tried to ease London Transport's ( L.T.)financial worries (and win some votes), pleased some people but enraged just as many more. Some complained that reduced fares were being paid for by higher rates while businesses claimed the increase would drive them to the wall and cause even more unemployment.

In the end the scheme was thrown out by the House of Lords and L.T. fares were doubled in March. This decision greatly pleased those other reformers, the Tories, but it did not solve L.T.'s financial problems - the consequence was a massive jump in fare-dodging.

This fare-dodging has been a long standing worry for L.T. but just
recently it has come to a head because of several articles in the London evening newspaper, the Standard. Its August 10th article Find the Fare Fiddlers was all too reminiscent of similar he…

The outlook is bleak

Some 26 of 30 countries covered by the Organization for Economic Cooperation and Development have shown a falling labor share of national income since 1990. International Labor Organization (ILO) data show the gap between the top 10% of earners and bottom 10% increased in 23 of 31 nations since 1995. Between 1999 and 2011, average labor productivity in developed economies worldwide increased more than twice as much as average wages. Real average monthly wage growth worldwide, excluding China, fell to 0.2% last year from 2.3% in 2007. Unemployment might have been higher than it might had it not been for reduction in working hours, shorter working weeks, cuts in overtime and even job sharing in exchange for keeping jobs.

The United Nations bodY focuses on how the shrinking share of the pie going to workers was one cause behind the credit bubble. The falling share of national output going to workers in the decade before the crisis ended up boosting household debt as workers tried to ma…

Tough at the top? Not really

Capitalists love touting the benefits of trickle-down economics. It is a rationalization of inequality. By linking the welfare of the working-class  directly to the prosperity of the rich, they can protect the interests of corporations and the wealthy without the fear of backlash.

The investment banking hierarchy is essentially a large bureaucracy. At the bottom are the manual unskilled maintenance staff like security guards, the janitors and the cleaners who keep the offices safe and warm and clean. Then there are the administrative assistants, who support several bankers at one time and make about $35,000 a year. Above them are the analysts, college graduates whose life consists of 120-hour work weeks and an endless stream of menial tasks for $65,000 to $90,000 a year. Next up, and supported by the analysts, are the associates -- freshly minted MBAs with more than a $100,000 in school loans hanging over them -- who can look forward to taking home between $100,000 and $175,000 a yea…

Facts, statistics and lies

Data from the Office for National Statistics' (ONS) 2012 Annual Survey of Hours and Earnings shows the median weekly earnings of Scots, at £497.60, were higher in any part of the UK outside London and the southeast, growing 2.6% year on year. This figure represents a real terms fall, in light of CPI inflation of 3% during that period. Women's waages were significantly under at a 0.6% increase, the slowest rise in the UK other than in northeast England, where women's wages actually fell by 0.5%.

David Bell
, professor of economics at Stirling University, warned that the rise may be a symptom of an increased loss of lower-paid jobs, pushing the median figure further up the scale. He said: "What might have happened is that a lot of the people who lost their jobs in Scotland are at the bottom end of the wage distribution, and if falling employment is concentrated in the bottom, that moves the median up. Our labour market performance hasn't been that great lately and t…

In the red, Whyte and blue

A "large number" of players at struggling football club Rangers have agreed pay cuts of between 25% to 75% to save the jobs of non-playing staff, administrators have said. It is understood senior players like captain Steven Davis and Scotland internationals Allan McGregor, Steven Naismith and Steven Whittaker have accepted the largest wage cuts.

In a statement, joint administrator Paul Clark said: “The agreement on very substantial wage reductions and voluntary departures from the club represents a major sacrifice by the Rangers players."

Socialist Courier takes this opportunity to clarify why footballers earn so much.

Footballers at least start from the same position as the rest of us: not owning any wealth from which to obtain an unearned income, to obtain what they need to live they have to go out on to the labour market and offer their mental and physical energies for sale. Most professional footballers, working for clubs in the lower divisions or for non-league clubs…

Fact of the day

British companies paid out record dividends in 2011, despite difficult economic conditions and recent evidence that more firms were struggling. Dividends hit a record £67.8 billion.
Total gross dividends rose 19.4 per cent for the full year, even though Britain’s main share index lost ground during 2011. And payments soared 26 per cent in the fourth quarter alone, compared with the same period in 2010.Capita chief executive Charles Cryer said: “Record dividends are providing a real bright spot for investors ...We are optimistic dividends will make further progress in 2012..." Something to remember when your wages are frozen.http://www.scotsman.com/business/economics/dividend_payouts_hit_record_level_of_67_8bn_1_2072152



A living wage or no wages?

According to research by Citizens Advice Scotland workers in Scotland are routinely being exploited by employers who are refusing to pay the minimum wage. The problem is particularly prevalent among young employees, while hotels, restaurants and cafes are the worst offenders.

Susan McPhee, head of policy at CAS, said: “The minimum wage has been law for more than 10 years, but a significant number of employers are refusing to pay it, and as a result workers are exploited on illegal wages. All political parties* accept the principle of a minimum wage, but it seems some employers believe the law is optional. Our experience shows many workers are unaware of their rights or lack confidence in how to fight for them.”

The National Minimum Wage was made UK law in April 1999 and is currently £6.08 an hour for those aged over 21. It lowers to £4.98 for those between the ages of 18 and 21. For 16 and 17-year-olds, the threshold is £3.68. HM Revenue and Customs (HMRC) has the powers to issue a noti…

more pay cuts loom

About 3% of the UK's workforce have seen basic pay fall in the past year and those in the construction sector have been hardest hit, it said, with 10% in that industry seeing pay fall according to this report .Thousands of workers have negotiated lower pay packets hoping to avoid redundancy.
"We're predicting next year that we're going to see more organisations making more and more redundancies." said the Chartered Institute of Personnel and Development

ethical exploitation

The "ethical" fish restaurant group, Loch Fyne, pays staff salaries below the minimum wage . Loch Fyne champions marine conservation, and proclaims a corporate philosophy of "an enterprise with respect for animals, people and ecology." according to the BBC
It relies on customer tips to boost total pay to a lawful level . Staff at Loch Fyne Restaurants say they are on a salary of £5.05 an hour, compared with the legal minimum wage of £5.52. The Unite union called the company's behaviour "appalling", and said all restaurant staff should be on a minimum wage salary, as well as getting a fair share of tips. Restaurants are legally allowed to include tips in the calculation of employees earnings, but the practice has been criticised as unethical.
The BBC also revealed that salaries at the Hard Rock Cafe in London were less than half the minimum wage, with waiters on £2.06 an hour

Running forward to stand still

The average household is £5 a week worse off than last year. The cost of living rose by 4.9 per cent to £388 a week. Earnings also increased but soaring bills for essentials such as food and transport mean that disposable income has fallen to £138 a week according to research by the Centre for Economics and Business . the charity Credit Action, said:
“When you add together the increases in grocery bills, energy costs and the fact that all credit is getting more expensive, it means that the real cost of inflation is far above the Government’s measure."

CEBR carried out the research on behalf of the supermarket group Asda. It found that the average family had to pay 6.1 per cent more for food in January compared with January 2007, and 6.4 per cent more for transport. Petrol prices were nearly 20 per cent higher. Only a 4.8 per cent fall in the cost of clothing helped lessen the pressure on consumers’ wallets. Households in Wales have been worst affected by spiralling costs, the CEBR …

The ragged trousered philanthropists

Workers in Scotland are doing increasing amounts of unpaid overtime and would receive an extra £4517 a year if they were paid for the additional hours they are putting in, according the STUC.
The number of employees in Scotland working unpaid increased by 20,000 in 2007, bringing the total to 436,000. The average amount of unpaid overtime is six hours and 54 minutes a week.
The STUC has calculated that if everyone in the UK who works unpaid overtime did all their unpaid work at the start of the year, the first day they would get paid would be February 22.
The number of employees working unpaid overtime across the UK increased by 103,000 to nearly five million; about one in five of the working population. The average annual value of unpaid overtime in the UK is £4955 per employee.

"..today's figures suggest many people are not even being paid for putting in these extra hours.Workers in Scotland are giving away over £4500 a year in unpaid overtime. That's too much time and mone…

The working poor

The Institute for Public Policy Research (IPPR) says 1.4 million children in Britain live in poverty despite having at least one working parent.

Government efforts to tackle child poverty have "forgotten" to help poor parents who work.

Kate Stanley, head of social policy at the IPPR, said the challenge now was "to ensure that work really is a route out of poverty...Tax credits and the minimum wage have 'made work pay' relative to being on benefits, but these don't yet go far enough to ensure more children are lifted out of poverty. More action is needed to combine financial support and measures to boost parental employment with action to deliver fairness on pay and opportunities for progression at work."

Socialist Courier has news for this highly prestigious research institute - the slogan 'a fair days work for a fair days pay' is as old as the hills and for the working class it is a demand that is never fulfilled .

Poverty will end when the wages …

Minimum Wages - Maximum Exploitation

Thousands of workers are being short-changed by firms who refuse to pay the national minimum wage, the TUC found .

Around 150,000 staff are being denied rate of £5.52 an hour for adults and £4.60 for 18 to 21-year-olds, it says. Those in restaurants, hotels, cleaning, hairdressing and childcare were said to be the most likely to be underpaid.
TUC general secretary Brendan Barber said: "There should be no hiding place for bosses who are deliberately cheating their workers out of the minimum wage."

Socialist Courier will go further and say all wages and wage labour is theft . That it is slavery . Within capitalism , the fight to improve wages is indispensible but workers should take the next step - campaign to abolish wages .

Slave Labour

There is much ado about those described as illegal immigrants working in the security industry and an alleged cover-up by the minister of the numbers . Much less is mentioned about that type of work being one of the lower paid and less rewarding occupations which migrants seem to end up in .

Nor has there been too much media coverage of the comments by Jack Dromey, deputy general secretary of the T&G Union about the conditions that some migrant workers in the UK are forced to work under could be likened to "a modern form of slave labour" .
"...there are all too many employers taking advantage of the vulnerability of the newly arrived...a depressing pattern of workers who are promised the move in their countries of origin, sometimes with such serious deception in terms of what actually happens when they arrive here in Britain that it would in statutory terms of international law be classed as trafficking".
He describes :-
"The awful reality all too often is nat…

Declining Wages

There is a maxim often espoused by apologists of Capitalism - that a rising tide lifts all boats , meaning that a bountiful capitalism will benefit all sectors of society , not just the capitalist class .

But where is the proof of the pudding.

Profits at British companies are growing at their fastest pace in nearly 13 years while wages of ordinary workers are rising at their slowest pace since 2002, official data showed today.

Office for National Statistics said profits increased by 16.2% in the second quarter of the year compared with a year earlier. That was the best figure since the final quarter of 1994, the profit rise was widespread across different types of company.

Meantime

Wages rose by a meagre 3.6%, the worst pace of growth since the first quarter of 2002.
And inflation - rose to 3.8%, the highest in more than a decade .
So in real terms we are 0.2% worse off

Darren Winder, chief economist at stockbrokers Cazenove said that the cash position and balance sheet of British busine…

Rich List and P*ssed

With the imminent publication of The Times 2007 Rich List , there will be many commentaries on it . The first i have read is from the BBC .

The fortunes of Britain's wealthiest 1,000 people grew 20% in a year .

The UK Office for National Statistics reported that average UK earnings including bonuses rose by 4.6 % in the year to February 2007 . Average earnings excluding bonuses on regular pay, rose by 3.6 % . The retail price index measure of inflation stands presently at 4.8%.

The £19 billion fortune of Indian steel magnate Lakshmi Mittal ensured he kept his title as Britain's richest person. Mr Mittal's fortune grew more than £4 billion from from £14.8 billion in 2006 . The Duke of Westminster fortune grew from £6.6 billion to £7 billion.

Once again , the figures irrefutably confirm that the capitalist class are becoming increasingly richer and the working class are growing poorer and poorer .

Unpaid overtime

Workers put in £23bn of unpaid overtime last year, losing out an average of £4800 each, according to a study which highlights Britain's long-hours culture.

Scottish employees who do unpaid overtime lose £79.82 a week for the extra six-and-a-half hours they work. This is the equivalent of £4151 a year in lost earnings.According to figures released yesterday by the Scottish TUC, Scots worked £1728m worth of unpaid overtime last year.

A survey by the TUC found employees work an average of seven hours and six minutes extra every week and if they did all their unpaid work at the start of the year, the earliest they would be paid would be February 23.

On February 23, employees will be encouraged to take a proper lunch break and go home on time. Employers will be asked to use the day to thank their staff by buying them lunch or taking them out after work.

Is this really going to be the response of the STUC ? To request a free meal from management for us working for our bosses for nothing ?