$15 minimum wage in Ontario

BC and Ontario needs higher min. wage more so BC. While the rest of the country can survive off min. Wage because living cost is cheap and house prices are so low.

Like my cousin bought a house in Manitoba for $385,000 it's 4,500 sq feet. Here in North Vancouver if u want a 5,000 Sq feet it will cost $2 million+.

Sharks316 wrote: ↑BC and Ontario needs higher min. wage more so BC. While the rest of the country can survive off min. Wage because living cost is cheap and house prices are so low.

Like my cousin bought a house in Manitoba for $385,000 it's 4,500 sq feet. Here in North Vancouver if u want a 5,000 Sq feet it will cost $2 million+.

there isn't just GTA area in Ontario.

real estates in other parts of ontario are cheap.

mathiewannabe wrote: ↑

there isn't just GTA area in Ontario.

real estates in other parts of ontario are cheap.

Yes, but the vast majority of people live in areas where he real estate is expensive. Not to mention, there are even fewer jobs in communities which have cheaper real estate, and some would just commute to a major centre anyways.

Nobody is going to commute hour+ to Toronto to work at min. wage jobs.

Pros:
More money for the government (due to higher tax-base)
More money for those earning min. wage leading to better life
Businesses will become more efficient

Cons:
Students should start off with $10 and not $15, leading to more "entitlement" than what we currently experience
Cost of living would increase as things would get more expensive; more money in the market = more people want to buy the same amount of good = higher prices
Corporations always want to maintain a set profit rate; they will just pass the cost down to the customers leading to price increase

Overall, a bad idea (based on my experience and my humble opinion).

People complain prices will go up because of new higher minimum wage, yet prices have been increasing and all wages barely increase at same rate. Zero sum game for consumers.

TuxedoBlack wrote: ↑Pros:
More money for the government (due to higher tax-base)
More money for those earning min. wage leading to better life
Businesses will become more efficient

Cons:
Students should start off with $10 and not $15, leading to more "entitlement" than what we currently experience
Cost of living would increase as things would get more expensive; more money in the market = more people want to buy the same amount of good = higher prices
Corporations always want to maintain a set profit rate; they will just pass the cost down to the customers leading to price increase

Overall, a bad idea (based on my experience and my humble opinion).

I also happen to think it's not a good idea. I'm not a business owner but to put in their shoes, if I were forced to bump the minimum wage to $15/hr, what do I do for the people who were previously on $15/hr? What about those $20/hr people? You can see this snow-balls and eventually the business is not going to be bothered with hiring entry-level jobs because they simply can't afford to give everybody a $5/hr raise.

Pros:
May motivate some people to come off welfare and actually look for a job.
People earning <$15 per hour will see an increase in purchasing power in the short-run

Cons:
Businesses would be forced to raise prices. Therefore, any short term gains seen by low wage earners would be eliminated, and higher earners would purchase fewer goods and services.
Businesses will try to operate with less staff, and will have a greater reason to utilize capital (ie: buy machines, automate, etc.) rather than labour.
Unemployment will rise.
People currently earning $15 per hour may not get a raise. Over time, many people may choose to work at McDonalds for $15 per hour rather than go to vocational school.

Dynasty12345 wrote: ↑People complain prices will go up because of new higher minimum wage, yet prices have been increasing and all wages barely increase at same rate. Zero sum game for consumers.

There are multiple factors in price increases.

US Dollar
Cost of transportation to deliver goods (Gas)

But if minimum wage increase, how much do you think that loaf of bread will cost at the supermarket? Because the stock boy is making $4 more per hour? Don't forget the bakers at the bakery have a raise too.

Gee wrote: ↑There are multiple factors in price increases.

US Dollar
Cost of transportation to deliver goods (Gas)

But if minimum wage increase, how much do you think that loaf of bread will cost at the supermarket? Because the stock boy is making $4 more per hour? Don't forget the bakers at the bakery have a raise too.

No the bakers won't make more I think they max out at $28 at superstore.

Sharks316 wrote: ↑No the bakers won't make more I think they max out at $28 at superstore.

You get idea

If minimum wage increases, we all pay for it. Gas prices will increase because the attendant has to be paid more

Pros:
More tax revenue for the provincial & federal coffers
would justify the very low corporate tax rates
would make crime less appealing
would make things more equal - lowest paid worker would be a bit closer to what the ceo makes
increased buying power for the 60%(unsure of exact percentage) of ontario workers currently on min wage

Cons:
costs may be passed on to consumers to offset the 27% labour increase
mcjobs become more competitive and would result in increased difficulty for that 16 year old trying to get his first job
increased automation - robots might be seen as cheaper to operate.


at full time, it's an extra $320 bi weekly gross for someone who is a contributing member of society. $880 vs. $1200. gross amounts

I support it, even if everything went up by 27%. 31.2k a year isn't exactly glamorous for someone putting in two thousand hours a year. The ultimate winner of higher wages is the government with the amount of taxes they'll rake in. Likely could even afford a provincial sales tax cut here

you tell us op, you are the mayor

divx wrote: ↑you tell us op, you are the mayor

Maybe he is retired and now is performing a consultant work.

List of Pros and Cons of minimum wage:

https://en.wikipedia.org/wiki/Minimum_w ... nsequences

I am against it, primarily because it will increase unemployment

Pros:

Gives the lower class buying power

Cons:

Nothing

What we ought to do is get rid of the TFW program at jobs that pay less than $30/hour and require that jobs done by TFWs be paid at least $30/hour.

Companies may actually train local workers and wages may not be artificially suppressed.

vanpharm wrote: ↑Pros:
Businesses will try to operate with less staff, and will have a greater reason to utilize capital (ie: buy machines, automate, etc.) rather than labour.

How is this a con?

That's like saying high gas prices causing people to innovate in alternative energy is a 'con' because our horse & buggy of an oil industry will take a hit.

Increasing unemployment is a patently stupid reason to be against anything progressive. Increased unemployment is inevitable, why people feel the need to delay it for the sake of this *****ty house of cards is beyond me.

CheapScotch wrote: ↑I am against it, primarily because it will increase unemployment

Aren't you embarrassed to say things like this? That's such small-minded view of labour. Think of the bigger picture.