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  • Nov 19th, 2017 8:34 pm
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Deal Addict
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Dec 30, 2007
4043 posts
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Minimum Wage

So with the increase to $14 and $15, how are business owners here planning on tackling it? increasing costs? minimizing staff?
17 replies
Member
May 29, 2012
411 posts
84 upvotes
Southern Ontario
quit
work for somebody else
no money being self employed anymore, too much stress and financial risk for to little reward.
Deal Expert
Aug 2, 2004
25401 posts
2754 upvotes
East Gwillimbury
It depends on the industry.

Fast food will have a hard time unless the entire industry increases prices. If not, you have to cut staff.

Retail, will be easier and you will cost of goods increasing.

If you look at movie theatres, they virtually eliminated people selling tickets. You’re forced to buy from the kiosk.
Sr. Member
Nov 18, 2015
554 posts
339 upvotes
Unionville, ON
Our company is reducing 1hr...
Deal Fanatic
Apr 8, 2013
7188 posts
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Not a problem with us. We have 6 employees, 3 are getting minimum wage. If anything it will probably boost our business. Alot of our customers earn minimum wage. They will have more spending power.
Diversity Is Our Strength 😎
Deal Addict
Sep 23, 2007
4164 posts
674 upvotes
It will depend on the business. Probably all of the things you listed and some more.

I don't support minimum wage hikes. Companies find ways to cut labour, reducing jobs. Or prices go up, erasing the gains. The only one that really wins is the government. More salaries = more tax revenue.

Hiking minimum wage is a textbook political move with no proven results. You appease a group of people (in this case minimum wage workers), and they are likely to vote for you. These people have faces and voice. Meanwhile small business go out of business and big companies cut jobs. These are invisible as. It's a classic case of catering to whoever has the loudest voice.
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Jul 17, 2008
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BananaHunter wrote:
Nov 14th, 2017 2:20 pm
It will depend on the business. Probably all of the things you listed and some more.

I don't support minimum wage hikes. Companies find ways to cut labour, reducing jobs. Or prices go up, erasing the gains. The only one that really wins is the government. More salaries = more tax revenue.

Hiking minimum wage is a textbook political move with no proven results. You appease a group of people (in this case minimum wage workers), and they are likely to vote for you. These people have faces and voice. Meanwhile small business go out of business and big companies cut jobs. These are invisible as. It's a classic case of catering to whoever has the loudest voice.
The sticking nail should be pounded down than the squeaky wheel getting the grease. Then again, in today's society where everybody is triggered and hurt what do you expect.
Newbie
Aug 10, 2017
35 posts
12 upvotes
Mississauga
wartune123 wrote:
Nov 13th, 2017 5:27 pm
Our company is reducing 1hr...
Same for us.
Newbie
Jul 19, 2010
14 posts
4 upvotes
Reducing 1 hr for all employees the week, (going from 35 to 34 hour weeks, for example), or something else?
Sr. Member
Nov 18, 2015
554 posts
339 upvotes
Unionville, ON
The thing is that it's actually good for our boss since he's reducing 1 hr for the minimum wage employee and now they also introduce tax cut for the small business owner... But I guess this depends on which industry you're in...

All in all, it doesn't affect me personally but I definitely feel it to those who are basically getting the same thing with the reduced hr... at least they get to go home and hr early?
Sr. Member
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Mar 9, 2012
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KITCHENER
urir10 wrote:
Nov 9th, 2017 3:17 pm
So with the increase to $14 and $15, how are business owners here planning on tackling it? increasing costs? minimizing staff?
We have about 200 employees or so affected by this. We raised property taxes to cover, so it's all good.
Deal Fanatic
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Mar 31, 2008
9555 posts
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Toronto
BananaHunter wrote:
Nov 14th, 2017 2:20 pm
It will depend on the business. Probably all of the things you listed and some more.

I don't support minimum wage hikes. Companies find ways to cut labour, reducing jobs. Or prices go up, erasing the gains. The only one that really wins is the government. More salaries = more tax revenue.

Hiking minimum wage is a textbook political move with no proven results. You appease a group of people (in this case minimum wage workers), and they are likely to vote for you. These people have faces and voice. Meanwhile small business go out of business and big companies cut jobs. These are invisible as. It's a classic case of catering to whoever has the loudest voice.
There are plenty of contract type positions that have already been eliminated in anticipation of this that is not recorded as a job loss. Or expected to fire the poorer, older workers. This case was a classic case of "Let's bribe the dumb minimum wage earners. Let them think it's a linear approach... you'll take home 40% more because of the hike.. guaranteed! Vote Liberal"
Newbie
Dec 7, 2016
91 posts
25 upvotes
We are lucky to not have employees, we have a family run business. Having said that, we couldnt afford to hire anyone at $14. an hour as we are a very small company.

You know it's old wynnebag looking for votes that has created this higher minimum wage starting in Jan. She's trying to win her way in again. I hope it backfires.
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Jan 27, 2007
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Peterborough
kevindurant1 wrote:
Nov 13th, 2017 5:50 pm
Not a problem with us. We have 6 employees, 3 are getting minimum wage. If anything it will probably boost our business. Alot of our customers earn minimum wage. They will have more spending power.
How much do your sales need to increase in order to pay those 3 people more in minimum wage? Thats just to break even, not including your profit margin.
Deal Fanatic
Apr 8, 2013
7188 posts
239 upvotes
funkynassau123 wrote:
Nov 18th, 2017 8:32 pm
We are lucky to not have employees, we have a family run business. Having said that, we couldnt afford to hire anyone at $14. an hour as we are a very small company.

You know it's old wynnebag looking for votes that has created this higher minimum wage starting in Jan. She's trying to win her way in again. I hope it backfires.
If an employer cannot afford to pay $15 minimum wage then their business model is flawed. If your business doesnt have an employee outside your family then this wage hike wouldnt apply to you because you are paying yourself through your company. Maybe you have part ownership.
dutchca wrote:
Nov 19th, 2017 11:32 am

How much do your sales need to increase in order to pay those 3 people more in minimum wage? Thats just to break even, not including your profit margin.
It doesnt have to increase. We are more than ready to pay higher minimum wage. We wouldnt survive if we are just breaking even or taking a loss because we are paying $15/hour. Running a business like that with little wiggle room is not a good idea in the first place.

Ontario have brought up minimum wage multiple times. There is fearmongering every single time and it turns out fine. If anything the economy gets bigger.
Diversity Is Our Strength 😎

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