Economy 52,838 Posted October 22, 2019 Share Posted October 22, 2019 https://www.google.ca/amp/s/globalnews.ca/news/6064236/trudeaus-liberals-economy-promises/amp/ The National Minimum wage is largely irrelevant at the moment as virtually every Province has theirs set above the Federal Minimum If Trudeau has his way of a $15/h minimum wage it may become more relevant. Not every Province has reached that threshold. For example in the largest Province Ontario it is $14/H Critics argue that minimum wage should be left up to Provinces because the economic conditions and cost of living vary a lot from region to region Link to post Share on other sites More sharing options...
Economy 52,838 Posted October 22, 2019 Author Share Posted October 22, 2019 Btw that’s equivalent to about $12 in US Dollars in case anyone wants a rough value comparison Link to post Share on other sites More sharing options...
JazzGa 14,652 Posted October 22, 2019 Share Posted October 22, 2019 It's nice to hear that allowing the provinces to set their own minimum wages is working OK in Canada, and no province has left their wages completely up to the Federal minimum. Unlike here in America where we desperately need the Federal government to do some legislation because our red states' individual governments are broken, corrupt, and useless and celebrate dismantling themselves Lol sorry, I'm constantly dragging America in your nice Canada threads sis </3 My old cat is a tough man, but i cant deny the way he bites my hand and he stabs me, he grabs me by my heart <3 Link to post Share on other sites More sharing options...
Mr Mirko 743 Posted October 22, 2019 Share Posted October 22, 2019 oh 12 american dollars smh I do know much about Canada, yikes such a high life standard; I can imagine how it is pricey Link to post Share on other sites More sharing options...
Morphine Prince 109,645 Posted October 22, 2019 Share Posted October 22, 2019 Bernie's impact omg Link to post Share on other sites More sharing options...
Economy 52,838 Posted October 22, 2019 Author Share Posted October 22, 2019 14 minutes ago, Mr Mirko said: oh 12 american dollars smh I do know much about Canada, yikes such a high life standard; I can imagine how it is pricey Theres parts of Canada where it will get u by ok definitely not in expensive cities like Toronto or Vancouver tho Just like in the US you cant compare if the same minimum wage is adequate in LA or NYC vs say a town in Kansas for example Link to post Share on other sites More sharing options...
Economy 52,838 Posted October 22, 2019 Author Share Posted October 22, 2019 19 minutes ago, the Devil of Pop said: It's nice to hear that allowing the provinces to set their own minimum wages is working OK in Canada, and no province has left their wages completely up to the Federal minimum. Unlike here in America where we desperately need the Federal government to do some legislation because our red states' individual governments are broken, corrupt, and useless and celebrate dismantling themselves Lol sorry, I'm constantly dragging America in your nice Canada threads sis </3 Here in Ontario we only got a bug increase a few years ago It was $10.25 before the hike a few years ago which is like $8 USD And in Alberta before their hike 2 or 3 years ago to $15/h it was like $9.60 In the last few years a lot of the major Provinces have raised their minimum wages considerably but not long ago before this recent trend it was pretty sh*tty too Link to post Share on other sites More sharing options...
ltlmnstr 2,771 Posted October 22, 2019 Share Posted October 22, 2019 I don’t know how raising the minimum wage will work when landlords are just gonna increase rent and we’re back at square one... If I remember correctly, you said Canada had a housing crisis. Like here in America (well just my city) there’s a small but loud andrew yang support group and it’s like...let’s say the government does give everyone 1,000 bucks...the landlord is just gonna make rent 1000+ taking the UBI and some more. Link to post Share on other sites More sharing options...
Economy 52,838 Posted October 22, 2019 Author Share Posted October 22, 2019 32 minutes ago, ltlmnstr said: I don’t know how raising the minimum wage will work when landlords are just gonna increase rent and we’re back at square one... If I remember correctly, you said Canada had a housing crisis. Like here in America (well just my city) there’s a small but loud andrew yang support group and it’s like...let’s say the government does give everyone 1,000 bucks...the landlord is just gonna make rent 1000+ taking the UBI and some more. Unfortunately inflation (including in housing) comes with higher wages. Housing may see a particular uptick since its so competitive due to the housing shortage but it doesnt mean its exactly proportional For example when minimum wage in Ontario jumped from $10.25 /H to $14/H some years ago things did go up a little but it was still an equalizer for poor people the minimum wage hike was almost 40% but things didnt go up 40%. The middle class was worse off with any inflation that came with it but the low income was better off cuz the wage gains were greater than the rise in cost of living If the cost of stuff was fully proportional then there would never be changes in income gaps Only a portion of the population makes minimum wage so the cost chain of the entire economy is only affected to a degree of the total increase. A 30% minimum wage hike for example by the time higher costs fully ripple thru economy may only result in a 10% increase in inflation giving minimum wage earners still a 20% net positive in gains Link to post Share on other sites More sharing options...
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