Ontario Moving Forward with Basic Income

mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
You invest in the infrastructure.

It's worth it in order to get rid of cash and crack down on self employed douchebags like landscapers and construction workers.
 
White_Unifier

White_Unifier

Senate Member
Feb 21, 2017
7,300
2
36
petros said:
Try bartering for a sack of groceries.
Click to expand...

It would be grossly inefficient no doubt, but not impossible.If canada scrapped cash, our GDP would probably shrink by at least 10% if not 50% or more just due to the gross inefficiency (unless of course gold or silver came in to fill the void I suppose. But unless that happened, the economy would tank. But that still does not make it impossible. Just not efficient or desirable, but not impossible.
 
White_Unifier

White_Unifier

Senate Member
Feb 21, 2017
7,300
2
36
petros said:
Inflation makes debt cheaper.
Click to expand...

Okay, I'll grant you that, but only if the debt is in the same currency. Add to that that inflation is very much like a regressive tax. The rich can hedge their discretionary income against inflation. The poor have no money to hedge against it.
 
JLM

JLM

Hall of Fame Member
Nov 27, 2008
75,301
547
113
Vernon, B.C.
taxslave

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
mentalfloss said:
This is a good move.

Hopefully they extend it to more municipalities.
Click to expand...

Municipalities do not have the legal authority to set minimum wage other than on their own projects.

tay said:
Well yes I have heard of inflation and thankfully so has the Libs who outlined the increase......

The wage will rise to $14 an hour on Jan. 1, 2018 — six months before what is expected to be a hotly contested Ontario election — and then to the $15 mark that labour groups have long demanded on Jan. 1, 2019.

After that, wage increases will again be tied to the rate of inflation.

Ontario
Click to expand...
And what about raises for all those in the $11-18 catagory? They will expect a significant raise as well.

mentalfloss said:
You invest in the infrastructure.

It's worth it in order to get rid of cash and crack down on self employed douchebags like landscapers and construction workers.
Click to expand...

So you have a problem with people that do real work?
 
T

tay

Hall of Fame Member
May 20, 2012
11,548
0
36
White_Unifier said:
Have you never made an online purchase or bartered something in your life?

I'm sure primitive men bartered meat for vegetables. I'm not saying it would be a wise idea or that it could not cause significant harm to the economy. But it would not be impossible.
Click to expand...
I have never made an online purchase and likely never will. I actually don't buy much of anything as I have everything I need and anything I do buy is usually on the more costly side so I want to see it in person to verify it's authenticity.

I'm actually still between Credit Cards if you will, simply because I never got around to applying for a new one but the application is around here somewhere.

http://forums.canadiancontent.net/c...16-renewing-credit-card.html?highlight=credit

And by bartering well, I suppose I have made some trades in the past but nothing to get excited about.

taxslave said:
Municipalities do not have the legal authority to set minimum wage other than on their own projects.


And what about raises for all those in the $11-18 catagory? They will expect a significant raise as well.
Click to expand...



I think you mean $15.00 an hour and up since the min wage will be $15.00 plus inflation raises yearly. Yes those people will expect inflationary raises as well and if they don't get them, the Wynners have made it easier for them to join a Union to negotiate on their behalf....


We will modernize the rules around creating a union. That includes the extension of card-based certification to three vulnerable sectors — temporary workers, building services workers and home- and community-care workers."

Unifor President Jerry Dias, Canada's most powerful private-sector union leader, said the measures are "a bold first step to modernize Ontario's employment laws."

"The government has demonstrated that it has heard the concerns of Ontario's most vulnerable workers and is now committed to taking action," said Dias, whose union represents 160,000 Ontario workers.

Canadian Labour Congress President Hassan Yussuff noted "the Ontario economy is strong and these changes will only make it stronger by supporting workers and their families to make ends meet, decreasing turnover, and increasing productivity."

Ontario
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
116,294
13,954
113
Low Earth Orbit
White_Unifier said:
Okay, I'll grant you that, but only if the debt is in the same currency. Add to that that inflation is very much like a regressive tax. The rich can hedge their discretionary income against inflation. The poor have no money to hedge against it.
Click to expand...

You don't have to be rich to hedge against inflation or a dropping dollar. You just have to be smart with your money.

One latte a day sacrificed is $125 in a month.
 
White_Unifier

White_Unifier

Senate Member
Feb 21, 2017
7,300
2
36
petros said:
You don't have to be rich to hedge against inflation or a dropping dollar. You just have to be smart with your money.

One latte a day sacrificed is $125 in a month.
Click to expand...

For those who can afford a latte. Some can't even afford groceries. How do they hedge against inflation?
 
White_Unifier

White_Unifier

Senate Member
Feb 21, 2017
7,300
2
36
mentalfloss said:
You mean high school dropouts that are dumber than a bag of hammers and don't pay their fair share?
Click to expand...

So every construction worker is a high school dropout who deserves scorn?

Do you propose we revoke the franchise from them, deprive them the right to vote?

At lest construction workers generally earn more than minimum wage. What about a McDonald's workers trying to make ends meet? Should we raise the minimum wage to force him into unemployment? What did he ever do to you to make you so despise him?
 
JLM

JLM

Hall of Fame Member
Nov 27, 2008
75,301
547
113
Vernon, B.C.
taxslave said:
Municipalities do not have the legal authority to set minimum wage other than on their own projects.


And what about raises for all those in the $11-18 catagory? They will expect a significant raise as well.



So you have a problem with people that do real work?
Click to expand...


There will always be people in society ts who expect something for nothing! That has never worked! :) :)
 
Bar Sinister

Bar Sinister

Executive Branch Member
Jan 17, 2010
8,252
19
38
Edmonton
White_Unifier said:
So as inflation accelerates to keep up with the ever accelerating minimum-wage increases, the minimum-wage increases will accelerate to keep up with the inflation. The dog continues to chase its tail faster and faster until it needs to stop to take a breath.

Sooner or later, inflation accelerates enough that people's savings are eroding so quickly that then stability becomes the political will of the people. We then have a conservative government for many years until people forget the bad old days of inflation and the merry-go-round starts all over again.
Click to expand...


This has already been disproved in other threads thread. A $15 an hour minimum wage has a negligible effect on inflation.

https://medium.com/@discomfiting/de...mum-wage-it-will-cause-inflation-c0db32f579f8
 
mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
The market certainly should not be 'dictating' minimum wage.

That's the dumbest thing I've heard in a long time.


You can certainly give the market some flexibility but businesses need to be regulated to the extent that profits aren't at the expense of well being.

But that is something so obvious that it shouldn't even need to be said.
 
You must log in or register to reply here.
Top Bottom