Summation of Wynne's Minimum Wage Announcement


mentalfloss
#31
Quote: Originally Posted by Musky View Post

Rising costs.

Better alternatives.
 
lone wolf
#32
Quote: Originally Posted by mentalfloss View Post

Better alternatives.

Such as? Do you advocate death squads and concentration camps ... or would you prefer slow nickel and dime ends - a Liberal reality show?
 
Musky
#33
Quote: Originally Posted by mentalfloss View Post

Better alternatives.

Such as....?
 
Murphy
#34
Is anyone here directly affected by Wynne's announcement? Meaning, your hourly wage will increase over the next 18 months? It would be interesting to hear from you.

Or perhaps your children or friends if the increase does not affect you directly.
 
Bar Sinister
#35
Quote: Originally Posted by Musky View Post

Do you think that was not already coming?

Anyways, countries like Sweden, Denmark, Iceland, Norway and Switzerland do not have government mandated minimum wages and have low unemployment.

I wonder why?

There is a simple reason why. All of those countries are heavily unionized. Workers don't need a minimum wage when they have the right to bargain collectively.

Quote: Originally Posted by Walter View Post

Unless it is $0.00, there should be no minimum wage.

Too bad there is no minimum IQ level for making posts in CC.
 
spaminator
#36
Minimum wage hike threatens small business: Owner | Ontario | News | Toronto Sun
 
Jinentonix
#37
Quote: Originally Posted by Musky View Post

How do people on fixed incomes adapt as lonewolf pointed out?

Also how do liberal countries in Europe have no minimum wage yet low unemployment....and high wages.

The government doesn't have to regulate everything you know.

Actually, they do in effect have a minimum wage through a mixture of union and other agreements. When looking at an exchange rate in US dollars, most of them are sitting at around $18-$22/hr USD. However, if you look at some OECD charts and click the hourly tab, when you apply Purchasing Power Parity those "minimum wages" are more like $10-$11 USD. Applying PPP to the Canadian average for minimum wage we sit at $8.10/hr USD.

https://stats.oecd.org/Index.aspx?DataSetCode=RMW
 
White_Unifier
#38
Statistically, around 9% of Canadians live abroad, so we are a very mobile nation. With that in mind, Canadian governments should be careful not to push Canadians out of the country to find work. And if businesses move out, workers will certainly follow. And that's lost tax revenue and a shrunk consumer base.
 
Dixie Cup
#39
It will be interesting to know how the increase in minimum wage affect those who are on a salary. Bet no adjustments will be made for that 'cuz potentially, employers could pay a starting salary for an entry-level position that would be less than the minimum wage and not suffer any consequences. There are those who I work with that make in the neighbourhood of $28 - $30,000/yr. Based on a 37 1/2 hour work week at $15/hr comes to $29,250. Will employers be obliged to adjust those salaries? I'm betting no.


Just askin'
 
petros
+1
#40
Quote: Originally Posted by Dixie Cup View Post

It will be interesting to know how the increase in minimum wage affect those who are on a salary. Bet no adjustments will be made for that 'cuz potentially, employers could pay a starting salary for an entry-level position that would be less than the minimum wage and not suffer any consequences. There are those who I work with that make in the neighbourhood of $28 - $30,000/yr. Based on a 37 1/2 hour work week at $15/hr comes to $29,250. Will employers be obliged to adjust those salaries? I'm betting no.


Just askin'

Kiss full-time with benefits good bye.
 
spaminator
#41
Minimum wage hike will hurt Ontario economy | GUEST COLUMN | Home | Toronto Sun
 
Bar Sinister
#42
I wonder why the economy of Australia has not tanked.

Minimum wage: How does Australia compare to other countries?

Posted 30 May 2016, 10:51pm


The Fair Work Commission has handed down it's annual ruling on Australia's minimum wage, raising it by 2.4 per cent to $672.70 a week.
It means an extra $15.80 per week for the 1.8 million workers who are paid the minimum wage.
It will apply from July 1 and equates to a minimum hourly rate of $17.70.
It's half the increase the unions wanted but double what the Australian Chamber of Commerce was calling for.


Australia: $17.70 per hour



http://www.abc.net.au/news/2016-05-3...ompare/7461794
 
JLM
+1
#43
Quote: Originally Posted by Murphy View Post

Premier Kathleen Wynne announces $15 minimum wage in Ontario - Toronto - CBC News


Kathleen Wynne has some learning to do about economics!
 
Danbones
#44
"Australia shows why raising the minimum wage doesn’t always fix poverty

As of July this year, the lowest paid full-time adult workers in Australia receive AUD$17.70 per hour, which is roughly $11.16 in US dollars...

...Perhaps $11.16 sounds generous. But consider this: The Australian minimum wage is only 43% of the average full-time wage, down from 50% in the early 2000s...

...Interestingly, however, the number of people in Australia living below the poverty line—defined as half the median wage—remains comparatively high by OECD standards: It’s still at around 14% of the population, which is almost exactly in line with the US.

People who are unemployed or under-employed have found themselves increasingly left adrift by an underfunded welfare system and an ever-tightening array of low-income tax concessions. This is a reminder that the minimum wage is, of itself, not a catch-all panacea for poverty."

https://qz.com/747814/other-countrie...y-not-america/
 
Dixie Cup
+1
#45
How about this: Every time the minimum wage is increased, payroll taxes also increase for the employer. Employers are not going to simply "absorb" the extra costs so he increases his charges to compensate. After all, businesses are in business to make a profit and while they may absorb some of the costs, it simply doesn't make economic sense to absorb all costs related to wages. So, it means either increasing his costs or laying off workers - pure and simple.


He too must purchase goods and services which, in turn, also increase in costs due to wage increases and he simply can't absorb those as well. Again, it doesn't make economic sense. Why would you stay in business if your profits are going down each and every year?


So really, does anyone truly benefit? The low income earner may get an increase but then also has to pay for that increase in groceries or whatever goods or services that need to be purchased.


So, in the end, who really wins? No one. The cost of living continues to increase for everyone, including those lower income earners.


But there are those who think that "profits" are evil and that businesses need to absorb all costs not matter what. Guess they don't have a clue how a business actually operates. BTW, most businesses in Canada are small businesses who can't afford to absorb these costs on a regular basis.


JMHO
 
Tecumsehsbones
#46
Quote: Originally Posted by Dixie Cup View Post

So really, does anyone truly benefit? The low income earner may get an increase but then also has to pay for that increase in groceries or whatever goods or services that need to be purchased.


So, in the end, who really wins? No one. The cost of living continues to increase for everyone, including those lower income earners.

Historically, the workers. Read Upton Sinclair's The Jungle if you want to see your Randian wet dream in action.
 
JLM
+1
#47
Quote: Originally Posted by Dixie Cup View Post

How about this: Every time the minimum wage is increased, payroll taxes also increase for the employer. Employers are not going to simply "absorb" the extra costs so he increases his charges to compensate. After all, businesses are in business to make a profit and while they may absorb some of the costs, it simply doesn't make economic sense to absorb all costs related to wages. So, it means either increasing his costs or laying off workers - pure and simple.


He too must purchase goods and services which, in turn, also increase in costs due to wage increases and he simply can't absorb those as well. Again, it doesn't make economic sense. Why would you stay in business if your profits are going down each and every year?


So really, does anyone truly benefit? The low income earner may get an increase but then also has to pay for that increase in groceries or whatever goods or services that need to be purchased.


So, in the end, who really wins? No one. The cost of living continues to increase for everyone, including those lower income earners.


But there are those who think that "profits" are evil and that businesses need to absorb all costs not matter what. Guess they don't have a clue how a business actually operates. BTW, most businesses in Canada are small businesses who can't afford to absorb these costs on a regular basis.


JMHO


That's what I've seen happening since about 1960, Dixie.
 
Danbones
#48
Back in the 60s my father owned a Marina
He used to work the whole long labour day weekend doing double shifts at no profit to pay his men for the monday off.

He had some fine words about government then.
Many of those types had their boats there.
 
TenPenny
#49
Quote: Originally Posted by Danbones View Post

Back in the 60s my father owned a Marina
He used to work the whole long labour day weekend doing double shifts at no profit to pay his men for the monday off.

He had some fine words about government then.
Many of those types had their boats there.



So you don't think people should get paid holidays?
 
Dixie Cup
+2
#50
Quote: Originally Posted by Tecumsehsbones View Post

Historically, the workers. Read Upton Sinclair's The Jungle if you want to see your Randian wet dream in action.



We are truly fortunate that workers are treated much better now, don't 'cha think? All I am saying insofar as the wage rate, it's a vicious circle and really, who benefits when costs go up as a result?


It's fine to say that the increases enables people to make purchases but are they really gaining anything when the cost of those purchases are more expensive.


JMO
 
JLM
+2
#51
Quote: Originally Posted by Dixie Cup View Post

We are truly fortunate that workers are treated much better now, don't 'cha think? All I am saying insofar as the wage rate, it's a vicious circle and really, who benefits when costs go up as a result?


It's fine to say that the increases enables people to make purchases but are they really gaining anything when the cost of those purchases are more expensive.


JMO


They haven't gained a thing in 60 years since I've been watching, Dixie! As long as someone is earning the minimum wage it doesn't matter what it is, they'll still be poor. It amazes me how so many people can't get their heads around this.
 
Danbones
+1
#52
Quote: Originally Posted by TenPenny View Post

So you don't think people should get paid holidays?

do you...think?
 
JLM
#53
Quote: Originally Posted by TenPenny View Post

So you don't think people should get paid holidays?


Do farmers get paid on holidays?
 
Twin_Moose
+2
#54
Quote: Originally Posted by TenPenny View Post

So you don't think people should get paid holidays?

Nobody self employed/piece workers gets paid holidays and according to stats roughly 15% of Canada's population.

Self-employed, total (% of total employment)
 
Johnnny
+2
#55
Maybe the $15 minimum wage in itself is harmless to the economy, but we have to remember that we live in Ontario where we have a rare combination of random factors that can compound each other that can potentially cause a perfect storm.

We already have many business's who have power bills that are crazy high causing them to consider moving their business's to New York or Michigan State which those states are encouraging, or closing their doors entirely. We also have the price of fuel which seems to be a factor to some while also having a Provincial Government that seems to be the anathema to small business's.

I may be wrong and i hope i'm wrong but it seems that sooner or later that something is going to "Snap!"
 
Murphy
+2
#56
I thought someone might snap and go after Wynne. I see Ontario Hydro wants to up the rate. Just got a notice in the mail. It was supposed to go down.

I doubt that I would stick around if I had a business in Ontario. There are better opportunities elsewhere.
 
Bar Sinister
+1
#57
Quote: Originally Posted by JLM View Post

Do farmers get paid on holidays?

Not relevant. Farmers are small businessmen, not employees.
 
JLM
#58
Quote: Originally Posted by Bar Sinister View Post

Not relevant. Farmers are small businessmen, not employees.


Farmers are primarily labourers! sometimes their wives handle the business end.
 
spaminator
#59
CFIB shut out of Ontario's minimum wage talks | Home | Toronto Sun
 
spaminator
#60
Minimum wage hike proposal out of touch | GUEST COLUMN | Ontario | News | Toront
 

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