Economy 53,076 Posted February 9, 2018 Share Posted February 9, 2018 https://www.bnn.ca/ontario-sheds-59k-part-time-jobs-as-new-14-minimum-wage-begins-1.993831 https://www.bnn.ca/don-t-panic-canada-sheds-88-000-jobs-biggest-decline-since-2009-1.993398 After a really strong 2017 Canada suddenly lost a massive 88,000 jobs in January. In proportion it is equivalent to the USA loosing 800,000 jobs in a month! The vast majority of the job losses were in Ontario and are believed to be as a result of companies cutting down on labor after the new $14/h minimum wage took effect All the job losses were service part-time jobs. Full-time jobs were actually up Link to post Share on other sites More sharing options...
Florian 20,017 Posted February 9, 2018 Share Posted February 9, 2018 Unfortunately that was predictable Do you know how many full-time jobs have been created ? EDIT : found it in the article Link to post Share on other sites More sharing options...
Eighteen 5,430 Posted February 9, 2018 Share Posted February 9, 2018 i read the two articles and i have to say that your title is a little bit misleading. the first article doesn't even make a strong connection between the wage hike and job loss and the second article ends by saying that only time can tell if the two are correlated. the first article also mentions the industries where most of the job losses happened: "The services sector led the way down, shedding 71,900 positions in industries including educational services, finance, insurance and real estate, and professional and technical services." i mean finance, insurance and real estate, professional and technical services, these don't sound like minimum wage positions that were cut to me? Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 9, 2018 Author Share Posted February 9, 2018 21 minutes ago, Eighteen said: i read the two articles and i have to say that your title is a little bit misleading. the first article doesn't even make a strong connection between the wage hike and job loss and the second article ends by saying that only time can tell if the two are correlated. the first article also mentions the industries where most of the job losses happened: "The services sector led the way down, shedding 71,900 positions in industries including educational services, finance, insurance and real estate, and professional and technical services." i mean finance, insurance and real estate, professional and technical services, these don't sound like minimum wage positions that were cut to me? I put both articles because 1 was Canada as a whole. The other article was on Ontario specifically where most jobs were lost U need both articles to make the correlation I'm talking about Also it may "include" those sectors but they don't have a huge portion of their jobs as part-time to my knowledge Part-times lost in service sector implies stuff like cashier's or fast-food workers Given it was such a sudden large drop of part-times in the service sector. It would make sense that it would be those kind of minimum wage jobs Ur right tho that I assumed... the article doesn't confirm that it was those jobs that were mostly lost. I think it just makes sense tho Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 9, 2018 Author Share Posted February 9, 2018 21 minutes ago, Florian said: Unfortunately that was predictable Do you know how many full-time jobs have been created ? EDIT : found it in the article Fortunately the negatives like job losses and price hikes should be front loaded Benefits like higher productivity and higher spending from those who don't lose their jobs will take longer to be evident Link to post Share on other sites More sharing options...
Peace 1,588 Posted February 9, 2018 Share Posted February 9, 2018 can someone pls let me know how much is the income of a simple fast food waiter and the usual work hours per day in canada ? Link to post Share on other sites More sharing options...
Emvee 8,858 Posted February 9, 2018 Share Posted February 9, 2018 Must be a temporary consequence. Business will be back as usual and companies will hire more people. You can’t expect minimum wages to stay the same forever. Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 9, 2018 Author Share Posted February 9, 2018 38 minutes ago, Cymek said: Must be a temporary consequence. Business will be back as usual and companies will hire more people. You can’t expect minimum wages to stay the same forever. Not the same forever... But it is a rather sudden jump Link to post Share on other sites More sharing options...
LeoFameMonster 1,592 Posted February 9, 2018 Share Posted February 9, 2018 lets not tear down the only good thing the ontario primeir did lol large companies should be the last to fire people. I think its also a mix of tech and the increase. More so technology. Self checkouts are a major thing and more online buying takes a toll. the minimum wage increase is just an excuse to let go the labour force. But trying to live in a country let alone province that is the most taxed in the world is hard. Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 9, 2018 Author Share Posted February 9, 2018 30 minutes ago, LeoFameMonster said: lets not tear down the only good thing the ontario primeir did lol large companies should be the last to fire people. I think its also a mix of tech and the increase. More so technology. Self checkouts are a major thing and more online buying takes a toll. the minimum wage increase is just an excuse to let go the labour force. But trying to live in a country let alone province that is the most taxed in the world is hard. Companies don't need a minimum wage excuse to let go of people. They can reduce labor force anytime they want to. It's just that trimming to the bone has concequences like poorer customer service. And most taxed??? Canadians have no idea what real taxes are... I've lived in Europe... Trust me I know Our income taxes and Corporate taxes are not high at all by OECD and Developed world standards Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 10, 2018 Author Share Posted February 10, 2018 20 hours ago, Musicer said: can someone pls let me know how much is the income of a simple fast food waiter and the usual work hours per day in canada ? It varies by Province. Each Province sets their own minimum wage and in Canada the strength of the economy varies significantly by region Here in Ontario (the most populated Province) fast food workers or cashier's tend to work somewhere between 28 to 32 hours a week but of course it can vary outside that range Minimum wage was $11.40/h and now was raised to $14/h. In 2019 it will be. Raised to $15/h After 2019 it will automatically go up at the rate of inflation The Province of Alberta is also raising minimum wage to $15/h this year.... Most other Provinces are between $11/h and $13/h Link to post Share on other sites More sharing options...
LeoFameMonster 1,592 Posted February 11, 2018 Share Posted February 11, 2018 On 2/9/2018 at 6:45 PM, Economy said: Companies don't need a minimum wage excuse to let go of people. They can reduce labor force anytime they want to. It's just that trimming to the bone has concequences like poorer customer service. And most taxed??? Canadians have no idea what real taxes are... I've lived in Europe... Trust me I know Our income taxes and Corporate taxes are not high at all by OECD and Developed world standards i dont know where in canada you live but in ontario we get taxed high compared to the give back ratio. Education isnt free and many euro countries have free education. Also things like hydro come into effect. and when you compile all of it we are taxed like crazy with little return. How do we combat a insanely high housing market and devastating hydro and property taxes and no ability to pay for education to get a better job? you increase min wage. companies laying off people because of the increase is an unreal and fake reason to fire people. Losing jobs because of the wage increase is fake news lol Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 11, 2018 Author Share Posted February 11, 2018 5 hours ago, LeoFameMonster said: i dont know where in canada you live but in ontario we get taxed high compared to the give back ratio. Education isnt free and many euro countries have free education. Also things like hydro come into effect. and when you compile all of it we are taxed like crazy with little return. How do we combat a insanely high housing market and devastating hydro and property taxes and no ability to pay for education to get a better job? you increase min wage. companies laying off people because of the increase is an unreal and fake reason to fire people. Losing jobs because of the wage increase is fake news lol Hydro is the Liberals fault. They made many mistakes years ago that were gonna have to deal with for years now. But that's by North American Standards Again look at the hydro rates in most of Europe and you won't complain so much As for the job losses I don't think it's fake news. If it's gonna cost more to hire ppl, you might look at restructuring to see where u can do some cuts A higher minimum wage has its benefits too. I'm not saying it's all bad. But there's no denying that in low skill entry level jobs it does slow down job creation. The big winners are the ones who don't loose their jobs and get pay hike My fiance worked 32h a week and now got cut to 17h a week in January after minimum wage hike. 4 others got laid off Link to post Share on other sites More sharing options...
Luc 4,776 Posted February 11, 2018 Share Posted February 11, 2018 What was the minimum wage previously? Because right now the 'consensus' on minimum wage and unemployment seems to be that small (about 10%) increases don't affect total unemployment while too big increases (Seattle: $3 increase in 9 months) do have negative side effects. Small increases should lead to a job loss for jobs under the new minimum wage and a just as big job gain for jobs just above the minimum wage, but maybe that takes longer. See the research results of a meta-study compiling the results of 137 studies on minimum wage hikes' influence on unemployment. Link to post Share on other sites More sharing options...
scallywally 626 Posted February 11, 2018 Share Posted February 11, 2018 Thats quite a high wage, our minimum in the UK in CAD would be $12.27 Link to post Share on other sites More sharing options...
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