>>..to 32 hours within 10 years, with no loss of wages
A company can afford to pay £x for their product to be built without increasing prices.
Let us assume that product takes 35 hours which are paid for.
But now they'll only get 32 hours, so they'll have to contract an extra 3 hours from somewhere increasing the labour cost by 10%.
So one assume that that extra labour cost will either come from McDonnell's magic coffers (taxation) or will increase the cost of the product. Either way people will be paying more for that product, so even though their wages have not gone down, prices have gone up.
And let's not pretend that the extra requirements will be filled form the dole queue saving welfare money to compensate.
Typical Labour financial management.
As they say, The Conservative Party don't care what you want so do whatever suits them whereas the Labour party think what you want is very important and therefore tell you what that is to make sure you get it right.
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