Ontario New Minimum Wage Effects

[MrSlippery519]

Minimum wage has affected the pricing of many services there is no denying that, the Supercuts is a perfect example mentioned above as they flat out told their customers why and what the wage increase was for. Now that is not to say all of those increases were justified but many are if the company wants to maintain the same profit margin (which what business owner would want to make less money)

Flip side many small business' have simply absorbed the costs, I work for a smaller company (less than 25 employees) and due to the nature of our business we cannot simply raise our prices to our end customers as we are locked into contracts. The minimum wage which a few employees make certainly made a small impact overall.

The minimum wage has also made things more difficult for workers that make in the $30-35K range as they rightfully so should expect a "20%" wage increase though I doubt most people in that bracket received a raise of that amount if at all.

In my opinion the Liberal government did this 100% to try and buy votes, now please do not take that as me disagreeing with a wage increase as minimum wage certainly did need to go up and should have had a scheduled increase over X amount of years to get to a certain level.

All this said if the government actually wanted to help the lower class bumping the minimum wage 20% was not the right move to accomplish that. They should have changed the income tax laws so that lower income families paid less tax, move the taxable income amount up to lets say $15,000 (in addition to a smaller minimum wage increase). Doing that would have actually put more money in lower income peoples pockets and in turn they would be able to spend more money.

Our government is short sited and have other interests in mind, just my 2 cents