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I think they will, so to me it's almost like devaluing the pound, I'm sure others will disagree. But where else is the money going to come from to pay this higher wage?
Just another way of looking at it
If everyone gets a pay rise then in theory prices goes up and no one is any better off! However if anything else it will make companies in our field of work to think hard about their pricing structures and how they reward their staff. And don't forget the pension changes coming!!
Hopefully it will also be a bit of a wake up call to potential clients that as a business we all have set costs which reflect in our prices.
How many employers are going to absorb the increased costs themselves?
I would like to think we pay at least that already.
Our staff are our biggest asset.
Totally agree Nick but unfortunately there are quite a few members on here (probably more Northern based than the South East) that don't.