It will restore to employees and employers the freedom to freely negotiate remuneration. In times of economic difficulty and austerity it will help to preserve companies and jobs. It will help the creation of jobs at the margins. It will remove the pressure it puts on pay differentials. It will assist competitiveness and help counter the export of jobs to lower labour cost economies. We have to realise that, we in this country do not have an inalienable right to a comfortable/high standard of living. It is a tough world out there. We are part of that world. To sustain and enjoy our way of life we have to compete.
Scrap minimum wage legislation