I was wondering what you think about the $14/15 increase on minimum wage in ON? I've been hearing about it (but obvs the prices of everything else is going to go up for sure) but recently I overheard Fairchild TV News (which is the Chinese-CND news broadcasting that I take with a grain of salt bc they come off as FoxNews wannabes) screaming about how it was terrible bc the wage increase only happened due to cutting nursing jobs bc the govn't has no money. What do you think of this news?
Its a good idea.
There is no evidence to suggest that a higher minimum wage leads to unemployment, as I posted here:
In a first-of-its-kind report, researchers at the National Employment Law Project pore over employment data from every federal increase since the minimum wage was first established, making “simple before-and-after comparisons of job-growth trends 12 months after each minimum-wage increase.”
What did the researchers find? The paper’s title says it all: “Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels.”
The results were clear. Of the nearly two dozen federal minimum-wage hikes since 1938, total year-over-year employment actually increased 68% of the time.
In those industries most affected by the minimum wage, employment increases were even more common: 73% of the time in the retail sector, 82% in low-wage leisure and hospitality.
I’m not sure of how nursing jobs and a higher minimum wage is related. The minimum wage also doesn’t cost the government anything extra. Most of the cost increases fall on the private sector. Most government jobs are already above $15/hour.