Is there any other reason why the global economy is lagging?
The picture shows consumers. To realize the ridiculous nature of current economy, understand most of those consumers cannot afford a living yet being able to indulge in shopping for higher aesthetics of living.
Walking past a franchised store has become easier and easier the longer the consumer is left without disposable income.
March 15, 2015
...Retailers (click here) have come under fire after investigations by The Independent revealed that not a single high street retail chain has guaranteed staff the living wage.
Last week National Express became the first transport company to become an accredited UK-wide living-wage employer, joining 1,200 firms in paying the independently set hourly rate of £7.85, or £9.15 in London. The wage is linked to the cost of living and is set with the aim of ensuring a decent minimum standard of living.
Retailers are conspicuous by their absence from the list, with even “ethically” branded chains such as John Lewis and the Co-operative not signed up. Citizens UK, the charity that launched the living wage campaign and set up the Living Wage Foundation (click here), said retailers employed the biggest group of low-paid staff and needed to consider their social responsibilities. Neil Jameson, director of Citizens UK, said: “Not a single high street retailer has accredited as a Living Wage employer, despite posting huge profits, whilst we, the taxpayers, help top up the wages of their low-paid staff through in-work tax credits. It’s a perverse situation when a supermarket worker, despite having a staff discount, can’t afford to shop in the store they work in because of poverty pay, and a full-time member of staff relies on benefits to make ends meet....
The picture shows consumers. To realize the ridiculous nature of current economy, understand most of those consumers cannot afford a living yet being able to indulge in shopping for higher aesthetics of living.
Walking past a franchised store has become easier and easier the longer the consumer is left without disposable income. March 15, 2015
...Retailers (click here) have come under fire after investigations by The Independent revealed that not a single high street retail chain has guaranteed staff the living wage.
Last week National Express became the first transport company to become an accredited UK-wide living-wage employer, joining 1,200 firms in paying the independently set hourly rate of £7.85, or £9.15 in London. The wage is linked to the cost of living and is set with the aim of ensuring a decent minimum standard of living.
Retailers are conspicuous by their absence from the list, with even “ethically” branded chains such as John Lewis and the Co-operative not signed up. Citizens UK, the charity that launched the living wage campaign and set up the Living Wage Foundation (click here), said retailers employed the biggest group of low-paid staff and needed to consider their social responsibilities. Neil Jameson, director of Citizens UK, said: “Not a single high street retailer has accredited as a Living Wage employer, despite posting huge profits, whilst we, the taxpayers, help top up the wages of their low-paid staff through in-work tax credits. It’s a perverse situation when a supermarket worker, despite having a staff discount, can’t afford to shop in the store they work in because of poverty pay, and a full-time member of staff relies on benefits to make ends meet....
