Employer will stand for a 900 quid rise on a median earner on 33,000.
Its about 3%.
The labour cost is then always a fraction of total cost base. Ofc it varies massively but lets call it around about a half on average.
So you’re talking about a 1.5% increase in the cost base.
The greater the concentration of the market share (Ie monopoly power) the easier it will be to pass it on in prices. But for the most part competition will suppress the ability to transmit the full effect to consumers. So netto we’re talking about a limited impact. But ofc if you ask a load of business owners if they fancy rattling their sabres over it, i guess they will. And they obviously have.
The left holding onto hope that Labour get hammered at next election as some sort of win for them shows why they never win power the navel gazing f**kwits...only they way they get it is by force. So, maybe there will be a revolution in the 2030s when we're all fighting over what ever is left.
Well it's a moot point now given the Reading and Leeds line-up is out with no Muse on it.
I am aware that the possibility is there - the 2024 tour schedule is literally just two Middle East concerts. But feels like in theory at least the machine would be more active than just the 3 European shows announced so far (although a Brazil date was being rumoured on their Reddit) and if they are going to be in the area, why not throw in a show in the UK?
Guess we'll find out though. Like you say, not an obligation.
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