BeaverFever BeaverFever:
herbie herbie:
Good part of doing it 'before the election' is what party's gonna run with 'reduce the minimum wage' as part of it's platform. Buah hah hah!
Exactly, that was totally their strategy! Already the Patrick Brown's conservatives have refused to comment on the policy and are thrown off balance.
$1:
At the same time, the Liberals have tossed another hand grenade at Patrick Brown and his Progressive Conservatives, trying to force him into a position either for or against the minimum wage hike.
For now, Brown is refusing to take a stand, and said he won't until he sees a cost-benefit analysis of the move....To drive his point home, Brown said "cost-benefit analysis" 15 times in a six-minute scrum with reporters.
https://www.google.ca/amp/www.cbc.ca/amp/1.4137955The aggressive timeline may be good politics; whether it's good policy we shall see over the next couple of years
Doesn't look like it's going to be good politics or good policy.
$1:
On Tuesday, Wynne announced plans to legislate a $15 minimum wage by 2019. By calculating roughly according to estimates in a report commissioned by the Ontario Ministry of Finance when the Liberals were raising the minimum wage a decade ago, we can project the new wage will kill an estimated 80,000 to 155,000 jobs just among young workers (aged 15 to 24), without even counting the number of jobs lost to older workers.
That report, authored by minimum wage expert and University of Toronto economist Morley Gunderson, warned against raising the minimum wage by pointing out that Canadian studies generally estimate that a 10-per-cent minimum wage hike would reduce youth employment by around three to six per cent.
We can therefore expect that Wynne’s plan to hike the minimum wage by 32 per cent would reduce youth employment by around nine to 17 per cent. Multiply that by the number of young workers in Ontario, and that’s 80,000 to 155,000 jobs lost.
http://business.financialpost.com/fp-co ... -it-anyway