New Posts For Thread: Min wage in 1999 who the hell agreed £3.00 and £3.60 an hour was a good enough min wagehttps://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage£3 a fkcing hour least i can remember being on is £4.50 i thinkYear on year is the only sensible measure.Easy then to consider it against any increase in earnings.I get 3% minimum increase each year on my private pension so easy to balance against inflation.https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549926183#549926183Year on year is the only sensible measure.Easy then to consider it against any increase in earnings.I get 3% minimum increase each year on my private pension so easy to balance against inflation.Wed, 14 Sep 2016 13:26:50 -0500CPI includes rent.Current CPI 100.9; Aug 2006 80.4https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549925961#549925961CPI includes rent.Current CPI 100.9; Aug 2006 80.4Wed, 14 Sep 2016 13:07:28 -0500rent has made a massive difference since those days ,doubled in most caseshttps://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549925733#549925733rent has made a massive difference since those days ,doubled in most casesWed, 14 Sep 2016 12:41:43 -0500Btw, the figures I've used are RPI. CPI rate currently 0.6%.A low rate of inflation is no bad thing; it's actually desirable. The government target is 2% which doesn't mean it's even better to have 1% or 0.75%.https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549925073#549925073Btw, the figures I've used are RPI. CPI rate currently 0.6%.A low rate of inflation is no bad thing; it's actually desirable. The government target is 2% which doesn't mean it's even better to have 1% or 0.75%.Wed, 14 Sep 2016 11:25:25 -0500yes that`s what i mean, the price has increased by 1.8% but that is 1.8% on a previous 1.8%.it is posssible for a government to say in its last yearin office that inflation is 2%...but it maynot be it may be 10% in reality. this would be the true infhttps://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549925069#549925069yes that`s what i mean, the price has increased by 1.8% but that is 1.8% on a previous 1.8%.it is posssible for a government to say in its last yearin office that inflation is 2%...but it maynot be it may be 10% in reality. this would be the true infWed, 14 Sep 2016 11:24:38 -0500Are women entitled to same minimum wages as men?https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549924937#549924937Are women entitled to same minimum wages as men?Wed, 14 Sep 2016 11:10:17 -0500this might explain why every one of us have ancestors stretching back, well for ever actually...and no money, where has it all gone? Not sure what you mean by this.I wouldn't say the figure is meaningless. A "basket" of goods and services which costhttps://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549924893#549924893this might explain why every one of us have ancestors stretching back, well for ever actually...and no money, where has it all gone? Not sure what you mean by this.I wouldn't say the figure is meaningless. A "basket" of goods and services which costWed, 14 Sep 2016 11:07:06 -0500yes so the figure is meaningless in the real world, this might explain why every one of us have ancestors stretching back, well for ever actually...and no money, where has it all gone?https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549924765#549924765yes so the figure is meaningless in the real world, this might explain why every one of us have ancestors stretching back, well for ever actually...and no money, where has it all gone?Wed, 14 Sep 2016 10:48:34 -0500LFC - the figure is the annual change.There is an index though: Jan 1987 = 100; Aug 2016 = 264.4 (Aug 2014 = 257.0)https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549924601#549924601LFC - the figure is the annual change.There is an index though: Jan 1987 = 100; Aug 2016 = 264.4 (Aug 2014 = 257.0)Wed, 14 Sep 2016 10:31:25 -0500if inflation for one year is 5% and then inflation for 2nd year is 5%.then inflation for 2nd year is not 5%, it is 10%they don`t calculate it way, why not?https://community.betfair.com/chit_chat/go/thread/view/94038/30733357/min-wage-in-1999-who-the-hell-agreed-300-and-360-an-hour-was-a-good-enough-min-wage?post_id=549924547#549924547if inflation for one year is 5% and then inflation for 2nd year is 5%.then inflation for 2nd year is not 5%, it is 10%they don`t calculate it way, why not?Wed, 14 Sep 2016 10:21:50 -0500