How High Should The Minimum Wage Be ?
November 28, 2017 12:28pm CST
In Ontario, Canada we are looking at a minimum wage increase of 32% in a relatively short time . We have gone from $ 12.25 an hour to $ 14.00 an hour this coming January and then to $ 15.00 in January 2019. While it's a good thing for the worker you would say one also have to consider that a lot of businesses just cannot afford the extra costs . Already we are hearing that Grocery stores that were open 24 hours will no longer be. Other business are planning to cut employees as much as 1 person for every 10 employed !.... We will see how this plays out over the next year or so here. What your take on this and is a high Minumum wage a good thing or ?
• Bunbury, Australia
@Luap1050 Quote from the web: Figures show the median house price fell by $20,000 or 3.6 per cent in the June quarter to $530,000. The median price for Perth units, villas, apartments and townhouses also fell from $440,000 to $420,000. This is a hard question to answer as I'm sure you appreciate. Perth is the smallest of our capitals I think and probably prices are a bit cheaper here in the West.
• East Tawas, Michigan
It's a vicious circle. When minimum wage goes up so people will make more to support their family, the cost of living also goes up!:( More money in their check and then pay more for everything? How will anyone benefit from this?