Summation of Wynne's Minimum Wage Announcement


Hoid
#121
Quote: Originally Posted by WLDB View Post

At least it was only part time jobs lost.

For normal people it would be difficult to spend a year complaining that part time job creation is meaningless, and then complain when part time jobs are lost.

Fortunately Ignore Lister's have no need to make sense. They only need to whine.
 
Murphy
#122


Says the board's leading troll.
 
spaminator
#123
Ontario restaurants hike prices after minimum wage increase, increasing food inflation
Canadian Press
More from Canadian Press
Published:
February 23, 2018
Updated:
February 23, 2018 2:56 PM EST
A customer walks out of a Tim Hortons restaurant in Newcastle, Ont. on Sunday Feb. 11, 2018. Restaurant price hikes led food inflation in January with analysts saying the 3.7 per cent bump likely comes from Ontario eateries attempting to offset the province's recent minimum wage increase.THE CANADIAN PRESS/Doug IvesDoug Ives / THE CANADIAN PRESS
Many Ontario restaurant likely hiked menu item prices after the province raised its minimum wage this year, pushing January food inflation to its highest annualized increase in nearly two years.
Overall food prices were 2.3 per cent higher last month compared with January 2017, according to Statistics Canada. It’s the biggest jump since April 2016 when food prices jumped 3.2 per cent.
Restaurant price hikes led overall food inflation higher. Prices at eateries rose 3.7 per cent year-over-year in January. That follows a 2.9 per cent year-over-year increase for dining out in December.
“If you were to think that was the result of Ontario’s minimum wage, you’d be correct,” Robert Kavcic, a senior economist with BMO Capital Markets, wrote in a note.
In January, the province raised its minimum wage more than 20 per cent from $11.60 an hour to $14.
Ontario outpaced other provinces and territories in how much restaurant prices went up from December 2017 to January 2018. Prices in the province rose 1.9 per cent during that time, according to Statistic Canada’s figures. The next largest monthly increase happened in Alberta where prices rose 0.7 per cent.
Kavcic called the rise in the cost of eating out in Ontario “an entirely predictable response.”
Many restaurants across the province, spanning from small mom-and-pop shops to larger chains, raised prices on some or all of their menu items around the date the new minimum wage rates came into effect to help offset increased labour costs.
But it’s not only eateries in the province that seem to be raising prices in light of these additional expenses.
Ontario outpaced inflation in other provinces and territories for other categories as well.
Child-care and housekeeping services in Ontario, for example, increased 9.9 per cent in January compared with the same month the previous year, according to Statistics Canada, while Canada-wide that service increased 5.8 per cent. The agency said that coincided with the legislated minimum wage increase.
It’s likely the increase in that service was also tied to the bump in wages, said Royce Mendes of CIBC World Markets.
Ontario restaurants hike prices after minimum wage increase, increasing food inflation | Toronto Sun
 
spaminator
#124
Restaurant group uses price increases, menu changes to deal with minimum wage rise
Canadian Press
More from Canadian Press
Published:
March 12, 2018
Updated:
March 12, 2018 11:59 AM EDT
Bill Gregson, president and CEO of Cara Operations speaks during a press conference in Toronto on Tuesday, January 23, 2018.Christopher Katsarov / THE CANADIAN PRESS
TORONTO — The restaurant group owned by Cara Operations has managed the impact of Ontario’s hike in minimum wages through selective price increases and changes to its menu, chief executive officer Bill Gregson told analysts Monday.
Gregson’s comments follow Cara’s release of fourth-quarter results on Friday that showed it had $27.3 million of net income for the 14 weeks ended Dec. 31.
That was up from $19.7 million a year earlier, when there was a more normal 13 weeks in the 2016 fourth quarter.
Cara’s gross revenue was $225.4 million, up from $175.6 million, while system sales for its various restaurants was $774.9 million, up from $641.1 million. Its restaurant chains include Harvey’s, Swiss Chalet, Fionn MacCool’s, Kelsey’s, Milestones, East Side Mario’s, Montana’s and St-Hubert.
Same restaurant sales — which indicates performance for most locations open at least a year — was up 2.5 per cent.
Gregson said that most of the year-over-year increase in restaurant sales was due to higher prices but there was also some increased customer traffic.
Restaurant group uses price increases, menu changes to deal with minimum wage rise | Toronto Sun
 
Gilgamesh
#125
Quote: Originally Posted by spaminator View Post

Restaurant group uses price increases, menu changes to deal with minimum wage rise
Canadian Press
More from Canadian Press
Published:
March 12, 2018
Updated:
March 12, 2018 11:59 AM EDT
Bill Gregson, president and CEO of Cara Operations speaks during a press conference in Toronto on Tuesday, January 23, 2018.Christopher Katsarov / THE CANADIAN PRESS
TORONTO — The restaurant group owned by Cara Operations has managed the impact of Ontario’s hike in minimum wages through selective price increases and changes to its menu, chief executive officer Bill Gregson told analysts Monday.
Gregson’s comments follow Cara’s release of fourth-quarter results on Friday that showed it had $27.3 million of net income for the 14 weeks ended Dec. 31.
That was up from $19.7 million a year earlier, when there was a more normal 13 weeks in the 2016 fourth quarter.
Cara’s gross revenue was $225.4 million, up from $175.6 million, while system sales for its various restaurants was $774.9 million, up from $641.1 million. Its restaurant chains include Harvey’s, Swiss Chalet, Fionn MacCool’s, Kelsey’s, Milestones, East Side Mario’s, Montana’s and St-Hubert.
Same restaurant sales — which indicates performance for most locations open at least a year — was up 2.5 per cent.
Gregson said that most of the year-over-year increase in restaurant sales was due to higher prices but there was also some increased customer traffic.
Restaurant group uses price increases, menu changes to deal with minimum wage rise | Toronto Sun

Why was I emailed a notification of this non item?

I don't give a rotund rats rectum!
 
Murphy
#126
You must be subscribed to this thread.
 
spaminator
#127
Minimum wage hikes kill jobs, raise restaurant prices: MEI
Antonella Artuso
Published:
November 20, 2018
Updated:
November 20, 2018 7:00 AM EST
Toronto Sun files
Ontario’s rapid increase in the minimum wage contributed to the loss of over 56,000 jobs for young workers and helped drive up the price of restaurant meals three times faster than in any other province, according to a new Montreal Economic Institute (MEI) publication.
“It is therefore not surprising to find that the employment rate among workers between 15 and 24 years of age, which had been trending upward for quite some time, fell when the minimum wage law was adopted in November, 2017 — thus, 56,100 workers aged 15 to 24 lost their jobs between the law’s adoption and October, 2018,” says the publication — authored by Alexandre Moreau — released Tuesday. “Furthermore, between the law’s adoption and September 2018, there has been a 5.6% increase in the prices of meals in restaurants, a sector in which nearly 70% of workers earned less than $15 an hour.”
At the urging of union and anti-poverty groups, the former provincial Liberal government announced that it would accelerate the increase in the minimum wage to $14 an hour as of last January and then to $15 hourly in 2019.
The Ontario Progressive Conservative government has halted the planned hike to $15 an hour, and instead brought in provincial income tax cuts for low income earners.
Labour Minister Laurie Scott said the province lost more than 50,000 jobs in January and over 80,000 in August, most of them part-time.
“We saw the impact of a sudden rise of 21% in minimum wage … Mainly small businesses just couldn’t absorb it,” she said.
Minimum wage earners lost hours, benefits and jobs as a result, while store owners took on work that they would normally have given to part-timers, she said.
“We’re helping people the way we think would be most beneficial,” she said.
The MEI publication supports measures like raising the basic income tax exemption for low-income earners, arguing employment falls any time the minimum wage becomes more than 45% of the average wage as it did in Ontario.
“No one doubts the good intentions of those who continue to call for rapidly increasing the minimum wage in all circumstances, but that does not make it an effective measure for reducing poverty,” Moreau writes.
Premier Doug Ford, left, and Kathleen Wynne. THE CANADIAN PRESS/Chris Young
Liberal Leader John Fraser said claims that minimum wage hikes kill jobs are false.
Ontario has created tens of thousands of jobs, year over year, and many restaurants have already raised their menu prices in anticipation of the $15 an hour wage, he said.
About half of minimum wage earners work for companies with more than 500 employees, Fraser said.
“I think they can absorb that and I think the government’s argument is bogus,” Fraser said. “You know $15 an hour allows people to do things for their families that the vast majority of people in this province take for granted.”
aartuso@postmedia.com
http://torontosun.com/news/provincia...ant-prices-mei
 
Jinentonix
+1
#128
Quote:

thus, 56,100 workers aged 15 to 24 lost their jobs between the law’s adoption and October, 2018,”

Which is pretty much what a report said about raising the minimum wage that much that quickly. That around 50,000 p/t jobs would disappear as a result. That's what happens when you make policy based on feelings instead of facts or the knowledge of experts.
Of course one needs to also remember that in her campaign in the prior election, the Wynned Bag promised that MW hikes would be reasonable and done in consultation with small and medium-sized business. The hike wasn't reasonable, business owners were not consulted and yet not one single ALT-leftard on here or out there complained about that broken election promise.
 
Hoid
#129
Henry Ford doubled the minimum wage for his employees.
 
Twin_Moose
#130
Good for him a Private company raising salary to attract workers who would have thought of that?
 
Hoid
#131
He had no need to attract workers.
 
taxslave
#132
Quote: Originally Posted by spaminator View Post

Minimum wage hikes kill jobs, raise restaurant prices: MEI
Antonella Artuso
Published:
November 20, 2018
Updated:
November 20, 2018 7:00 AM EST
Toronto Sun files
Ontario’s rapid increase in the minimum wage contributed to the loss of over 56,000 jobs for young workers and helped drive up the price of restaurant meals three times faster than in any other province, according to a new Montreal Economic Institute (MEI) publication.
“It is therefore not surprising to find that the employment rate among workers between 15 and 24 years of age, which had been trending upward for quite some time, fell when the minimum wage law was adopted in November, 2017 — thus, 56,100 workers aged 15 to 24 lost their jobs between the law’s adoption and October, 2018,” says the publication — authored by Alexandre Moreau — released Tuesday. “Furthermore, between the law’s adoption and September 2018, there has been a 5.6% increase in the prices of meals in restaurants, a sector in which nearly 70% of workers earned less than $15 an hour.”
At the urging of union and anti-poverty groups, the former provincial Liberal government announced that it would accelerate the increase in the minimum wage to $14 an hour as of last January and then to $15 hourly in 2019.
The Ontario Progressive Conservative government has halted the planned hike to $15 an hour, and instead brought in provincial income tax cuts for low income earners.
Labour Minister Laurie Scott said the province lost more than 50,000 jobs in January and over 80,000 in August, most of them part-time.
“We saw the impact of a sudden rise of 21% in minimum wage … Mainly small businesses just couldn’t absorb it,” she said.
Minimum wage earners lost hours, benefits and jobs as a result, while store owners took on work that they would normally have given to part-timers, she said.
“We’re helping people the way we think would be most beneficial,” she said.
The MEI publication supports measures like raising the basic income tax exemption for low-income earners, arguing employment falls any time the minimum wage becomes more than 45% of the average wage as it did in Ontario.
“No one doubts the good intentions of those who continue to call for rapidly increasing the minimum wage in all circumstances, but that does not make it an effective measure for reducing poverty,” Moreau writes.
Premier Doug Ford, left, and Kathleen Wynne. THE CANADIAN PRESS/Chris Young
Liberal Leader John Fraser said claims that minimum wage hikes kill jobs are false.
Ontario has created tens of thousands of jobs, year over year, and many restaurants have already raised their menu prices in anticipation of the $15 an hour wage, he said.
About half of minimum wage earners work for companies with more than 500 employees, Fraser said.
“I think they can absorb that and I think the government’s argument is bogus,” Fraser said. “You know $15 an hour allows people to do things for their families that the vast majority of people in this province take for granted.”
aartuso@postmedia.com
http://torontosun.com/news/provincia...ant-prices-mei

So who didn't see that coming?
 

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