The Explosive Debate around Minimum Wage
Big increases to minimum wage are becoming fashionable in Canada: first Alberta (from $12.20 currently to $15 in October 2018), then B.C. (from $10.35 to $11.35 in September 2017) and now Ontario (from $11.40 to $15.00 in January 2019, a 30% hike in 18 months). Are workers better off or does it mean fewer jobs? In this edition of
5 Minutes for Business, Hendrik Brakel, The Canadian Chamber of Commerce’s Senior Director, Economic, Financial and Tax Policy, reflects on the debate.