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$15/H Minimum Wage Passed In Canada (ON)


Economy

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Economy

@Luc @Gaga Monster @Woolfsmck

 

This seems a little to high to me. I would of raised it to $12 or $13

 

Even tho the Canadian Dollar has fallen to $0.75 US the cost of things and earnings has not yet adjusted for this fall as that takes time

 

Its too soon for such a hike, especially if Canadian Dollar recovers to its long term average of $0.86 😬

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OBEY

And then will everything rise so the 15$/hour won't really matter after all? :sweat:

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venusfly

Mixed feelings about this, minimum wage increases can result in a lot of job losses. 

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kvnrp

15 $ looks a little high to me tbh :huh:

But I heard that prices in Canada are generally going through the roof so it fits? idk.

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Teal Ambition

Shocked it's going up this much, I would expect 13$/h. But anything for Wynne to get re-elected so in the end it's not surprising.

▌│█║▌║▌║ before I am Canadian, I am Chromatican ║▌║▌║█│▌
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littlepotter

A mess. The minimum wage here is 2.75$ :emma:

chaeri pls
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Economy
2 minutes ago, OBEY said:

And then will everything rise so the 15$/hour won't really matter after all? :sweat:

 

1 minute ago, Venusfly said:

Mixed feelings about this, minimum wage increases can result in a lot of job losses. 

 

Just now, kvnrp said:

15 $ looks a little high to me tbh :huh:

But I heard that prices in Canada are generally going through the roof so it fits? idk.

Its a bad impact in economy and jobs if its too high which I think it is in this case. If it was me I wouldnt have raised it past $13/h

 

Anyway to answer @OBEY it will raise the cost if things but not proportionally

 

Not everyone will get a raise because of this because most people dont make minimum wage. Also labor is not the only cost of business

 

This almost $4/H increase is still worth it for people making minimum wage because the cost of things wont rise enough to wipe out their gains

 

But it will wipe out some purchasing power for everyone else

 

I make $18/h. I wont get a raise cuz of this but Ill pay more for stuff 😑

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Economy
Just now, MonsterOfSpain said:

Trudeau slays, Trump is shooketh

Trudeau didnt do this. Its Was Cathleene Wyn (i cant even spell her name right).

 

Shes the Premier of Ontario. Im not sure Trudeau would even agree with this

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Economy
5 minutes ago, Teal Ambition said:

Shocked it's going up this much, I would expect 13$/h. But anything for Wynne to get re-elected so in the end it's not surprising.

She and her party are trying to destroy businesses i swear

 

First they let electricity surge and were a province of manufacturing... they put a lot of red tape and regulations businesses have a hard time following everything, and now this minimum wage is too high

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Teal Ambition
Just now, Economy said:

She and her party are trying to destroy businesses i swear

 

First they let electricity surge and were a province of manufacturing... they put a lot of red tape and regulations businesses have a hard time following everything, and now this minimum wage is too high

You honestly have no idea how much I ****ing hate her. She drives me NUTS.

Exactly what you said, this is going to destroy any small businesses.

▌│█║▌║▌║ before I am Canadian, I am Chromatican ║▌║▌║█│▌
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MonsterOfSpain
3 minutes ago, Economy said:

Trudeau didnt do this. Its Was Cathleene Wyn (i cant even spell her name right).

 

Shes the Premier of Ontario. Im not sure Trudeau would even agree with this

Well then he's the one who's shooketh

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chromattica
3 minutes ago, littlepotter said:

A mess. The minimum wage here is 2.75$ :emma:

tumblr_lngcdun5Jk1qc8boo.gif

 

Sis, that ain't right! Where you living???

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