-34
Minimum wage hikes will add $54.5 million to payroll costs across Atlantic Canada
(www.cfib-fcei.ca)
Will add $54.5 million to the economy
FTFY.
this post was submitted on 31 Mar 2024
-34 points (18.5% liked)
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And, statistically speaking, minimum wage employees will spend a much higher proportion of their income than millionaire assholes.
That it costs money to hike the minimum wage is news now?
It's not a news outlet. It's a pro-employer propaganda site
Ah, now I get why it's being downvoted. What a lousy spin to put on something so necessary as minimum wage increases.
If you poor people could just do more and survive on less but still somehow spend just as much, then the employers would be fine. /s
Somehow, giving money to poor people, which they'll spend on goods and services to stimulate the economy is bad...
...but giving money to rich people that they'll sock away in their bank account or invest into non-productive assets is good?
I used to work for a small company and the boss was a member of the CFIB. We'd get their emails all the time and they were some of the worst takes I've ever seen.
One I always remembered had a subject like "How to tackle the youth employment problem" and the body of the email gave tips on how to avoid paying young people anything more than the absolute minimum, because young people don't deserve pay. It talked about how the young generation was entitled and demanding things that need to be earned through years of hard work and loyalty, and not to give in to those demands.
So yeah, terrible source OP.
Connect minimum wage increases to the actual increases in the median wage in the province. As wages increase, then the minimum wage can increase by the same amount.
I say we link it to the maximum wage instead, since that's a better indicator of how much resources we have to go around.
That's it? That's like at most $50 per person. And remember, money that is sent to the poor will be reinvested into the larger economy through increased consumption, or more sales for the employers.
That's it? That means the hike only accounts for a $54 million worth raise to all workers across Atlantic Canada, that's peanuts. Triple that hike, it would still be a blip and workers would still be underpaid.
And that's a good thing!
What a dumb headline
The West links it to inflation.