If the powers that be in the hierarchial circles of social partnership can determine what a minimum wage can be set at, then surely where there is a minimum, there is a maximum.
For some, 8.65 may not to bad a wage, particularly if its your first wage and you are young and single. But if you are married with a couple of kids, on one income its paltry.
Yet the powers that be have deemed that 8.65 is an acceptable wage to provide for the necessaires of every day livig (accepting there is also a Family Income Supplement) then they obviously have costed what is necessary to survive, i.e a roof over your head, a shirt on your back, food on the table and a few quid to save or squander.
If 8.65 has been set as the minimum wage, then what would an acceptable maximum wage be?
This is already occuring in the banking sector, so why not across all sectors?