This petition was submitted during the 2010-2015 parliament
Petition Incentivising companies to raise minimum wage
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Tax cut incentive for companies that pay above a new level of minimum wage. ---> Benefits to company: Money saved in tax cut goes to the employees; Employees are happier to work and therefore show more productivity; Ability to offer a better salary attracts talent. ---> Benefits to employee: Satisfaction that their work is worthwhile if they are paid well; Raising the living standard in Britain for the poorest families ---> Benefits to society: Greater incentive to work than to remain on benefits; More people working will lead to less crime due to relieving frustrations of the poorest in society. Also encouraging youths to work will take them off the streets ---> Benefits to the Government; Money lost in tax cuts to companies will be regained through taxing the employee salary, less people claiming benefits, reducing costs with policing criminal behaviour
This petition is closed This petition ran for 12 months
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