A Conversation for Ask h2g2

would you give up your rights for shares?

Post 21

atinythorn

<< The fact that if it comes in Employers can make it a take it or leave it policy for new contracts does make me fear that it is a thin edge of the wedge

Ah, there is the rub.
This idea is being touted as a way of encouraging employers to take on more staff, but may end up having the opposite effect. If the employer says you don't get the position if you don't opt out of the EU protection, then I think many (who can afford to choose) will turn down the kind offer. The poorest, most vunerable and desperate in society may well have to agree.

Tellingly, Lord Sainsbury has said he is opposed to this initiative as "At a time we should be trying to re-built trust in business, this may well have the effect of building mistrust"


would you give up your rights for shares?

Post 22

Amy Pawloski, aka 'paper lady'--'Mufflewhump'?!? click here to find out... (ACE)

Yes--the question makes me think that, if a company is hard up enough for cash to try to make this "offer", how much are the shares going to be worth anyway? (On a side note, I remember once when my aunt was writing her resume, she observed that references were hard to list, because every place she'd ever worked for went out of business either as she left, or soon aftersmiley - laugh)


would you give up your rights for shares?

Post 23

quotes

I wonder if this proposed scheme is based on fundamentally flawed reasoning. Wouldn't we expect well cared-for workers to perform better than those who have far fewer rights?


would you give up your rights for shares?

Post 24

Orcus

>fundamentally flawed reasoning. <

Well, it was thought up by the tories, what else did you expect?


would you give up your rights for shares?

Post 25

KB

It's but a small part of the overall gameplan - to take the nation out of recession by making everyone poorer.


would you give up your rights for shares?

Post 26

Hoovooloo

Seems straightforward enough to me. The government and employers are banking on people being greedy and stupid. Trading hard-won and important rights for the possibility of a "free" payout later... that's almost as bad a deal as a lottery ticket, where you trade hard-won and important money for a vanishingly small possibility of a free payout later.

And look how popular the lottery is... people are greedy and stupid. smiley - shrug Nobody ever went bust assuming this.


would you give up your rights for shares?

Post 27

HonestIago

Hoo, you miss the fact that some won't have any choice in the matter: if you refuse a job offer, no matter how inappropriate or exploitative that job may be, you get your benefits stopped.

It's not a case of greed for some, it'll be a case of them being coerced to give up their rights.


would you give up your rights for shares?

Post 28

Hoovooloo

I'm not sure I've got a huge problem with that. If the job really is that inappropriate or exploitative, I don't suppose it would take long to get fired in a manner that would have you back on benefits.

It depends, I suppose, on whether you it's better overall to have people in low waged, poorly protected, exploitative jobs - or no job at all, where they're nothing but a drain on the resources of those who do work. Personally, once there's a minimum wage, and assuming that minimum is at an acceptable level, I think anyone offered a job should need a very, VERY good excuse for not taking it if they expect me to keep supporting them.


would you give up your rights for shares?

Post 29

HonestIago

>>I don't suppose it would take long to get fired in a manner that would have you back on benefits.<<

You can't claim benefits if you've been fired, or have resigned.

>> I think anyone offered a job should need a very, VERY good excuse for not taking it if they expect me to keep supporting them.<<

To my mind 'it breaches my human rights and is against British and EU law' is a pretty good reason to refuse a job. I somehow don't think the Jobcentre will see it that way though.


would you give up your rights for shares?

Post 30

Hoovooloo

"You can't claim benefits if you've been fired"

What - ANY benefits? I have to wonder how it is there are not more people starving on the streets. Or do you mean a specific, more generous benefit? It's been so long since I've been able to claim any benefit at all that I've entirely lost touch. It's been well over a decade since I was out of work, and that was due to redundancy. I was able to claim benefit then, although apparently at a reduced rate because I hadn't, apparently, paid enough national insurance to be entitled to the gold-standard benefit. I didn't get *nothing*, though. Has that changed?


would you give up your rights for shares?

Post 31

Mr. Dreadful - But really I'm not actually your friend, but I am...

I think if you've been dismissed for gross misconduct you are ineligible for Jobseeker's Allowance.


would you give up your rights for shares?

Post 32

quotes

So let's see, in the Tory future, a worker is compelled to give up his rights, so he gets fired for no good reason, then can't claim any proper benefits, and is faced with either terrible hardship, or has to support himself by some other nefarious means. I wonder how this will affect the level of crime in our country?


would you give up your rights for shares?

Post 33

Mr. Dreadful - But really I'm not actually your friend, but I am...

Well obviously the cuts to benefits and shares for rights scheme will make the economy so buoyant nobody will want for anything so there'll be no crime. smiley - tongueincheek


would you give up your rights for shares?

Post 34

Hoovooloo

"I wonder how this will affect the level of crime in our country?"

Probably less effect than the cuts being applied to the police force.


would you give up your rights for shares?

Post 35

Dr Anthea - ah who needs to learn things... just google it!

Oh I don't know bundle the two together and it will be a right party


would you give up your rights for shares?

Post 36

Just Bob aka Robert Thompson, plugging my film blog cinemainferno-blog.blogspot.co.uk

Do police forces *have* shares?


would you give up your rights for shares?

Post 37

Dr Anthea - ah who needs to learn things... just google it!

I'm sure they will do once they are privatised


would you give up your rights for shares?

Post 38

Otto Fisch ("Stop analysing Strava.... and cut your hedge")


It looks as if companies will be able to give tax free shares to some employees in exchange for 'rights', and then return those same rights back via the employment contract, meaning that they just get tax free shares. Who will benefit from this new tax loophole? Why, only those whose shareholding would be enough to attract capital gains tax.

While I'm not such a cynic to think setting up another tax dodge for the wealthy was the intention all along, this does demonstrate a breathtaking degree of incompetence.

http://www.guardian.co.uk/politics/2012/oct/18/george-osborne-shares-rights-tax


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