A new Bank of Canada study out late last month found that minimum wage hikes across the country could result in employment losses of 60,000 workers.
The study also showed that consumption of goods and services will be reduced slightly as higher inflation drives up costs, and this same inflation would more than offset the worker’s higher labour income.
CD Howe Institute’s analysis found that an estimated 25,000 of those 60,000 nationwide job losses, could happen here in Alberta.
In Alberta, Notley cranked the minimum wage up to $13.60 an hour in October, and it’s set to reach $15 per hour by October 2018.
In Ontario, Premier Wynne just increased the minimum wage from $11.60 all the way up to $14 per hour.
These hikes are always based on emotional manipulation and worst case scenarios.
The left wants us to believe every minimum wage worker is a single mom with one leg, raising 11 kids on a diet of donated Ramen noodles, but that couldn't be further from the truth.
Watch my video to see some real facts injected into the minimum wage discussion.
I’ll tell you who Canada’s minimum wage earners really are and why artificially raising their wages hurts them the most.