May be this is the point where we realize we need some major fix to this outdated financial system which has failed to outpace what it created (globalization, automation, efficiency for owners, inflated gap, dwindling and non-existent middle class, the tension between "go getter boomers" and "lazy millenials").abc123yyz wrote: ↑May 30th, 2017 11:26 pmYou're only looking at large corporations what about the thousands of small businesses? This will have a ripple effect, those that are already making $15 an hour will want an increase because they will not work for the minimum wage. So someone making $15 an hour now will demand 18-19 an hour. Sure there comes a point where the ripple will stop but it does have an impact. If the liberals really want to put more money in people's pocket but don't want to hurt small businesses, they should offer a tax credit to directly offset the hike in wages. Large corporations wouldn't get this credit. Also those that are retired and rely on OAS etc will be hurt because oas is indexed to national inflation not just inflation in Ontario which will presumably be higher, so now their purchasing power has reduced.
What about daycare costs? After the NDP here in Alberta increased minimum wage we got a letter from both our kids daycare saying they are increasing fees to offset.
Every big business was a small business once. Also having worked for both types, I see the same disregard for an employee from both Mr. CEO. and the pop at small business. Both cut corners, both have OHS violations, and both cry about someone making a livable wage. If your small business is so dependent on ripping off the couple of guys you enslave, may be work on it yourself or realize it's not gonna work out? People who think one day they will be the boot and not be the bootlickers get no sympathy either.