Liveable Minimum Wages

[Fuzzy Necromancer]

So, Ontario raised it's minimum wage to $14 an hour, and it is not causing massive layoffs, businesses fleeing the region, or other predicted economic doom and gloom. https://news.ontario.ca/mol/en/2018/01/ ... -hour.html

Funny
how
that
works.

And as a fringe benefit, we'll have a lot more people able to afford food, housing, medical care AND the odd small pleasure or tiny amounts of savings so they don't live one financial mishap away from utter destitution.

[Antiboyscout]

Give it a year... or don't. It doesn't really matter in the end.
Canada is soon going to age into upside-down land with more retirees than working people, so enjoy your $14 an hour before it gets taxed into oblivion in the coming years.

[TGLS]

A bulge on the population pyramid most western countries share.

[Antiboyscout]

A bulge on the population pyramid most western countries share.

Yes, but Canada is second in line right after Japan (the economic standstill they face is a taste of things to come)
And the US does not (we have a double bulge, the boomers had enough kids to prevent collapse)

[SuccubusYuri]

It's still a demographic system we need to address as the global population pyramid turns into a cylinder. We won't be able to swallow immigrants indefinitely.

I mean we have states with the same top heavy demographics, but they obsess over finding migrants, both within and abroad, in order to adjust their demographic pyramid and it really hasn't been working for them for the past twenty years. I suppose it's a lack of imagination, or the pressure from the US government to not deviate from Reaganomics too much or they'll cut a switch.

[Rasp]

So, Ontario raised it's minimum wage to $14 an hour, and it is not causing massive layoffs, businesses fleeing the region, or other predicted economic doom and gloom. https://news.ontario.ca/mol/en/2018/01/ ... -hour.html

Funny
how
that
works.

And as a fringe benefit, we'll have a lot more people able to afford food, housing, medical care AND the odd small pleasure or tiny amounts of savings so they don't live one financial mishap away from utter destitution.

Wait why is medical care on this list? I thought that was one expense they didn't have to deal with because Canada is a modern nation.

[TGLS]

Think pharmaceuticals (still can be pricey even with generics) and dental, and glasses.

[excalibur]

I will also give this time. Most of these types of things don't show signs until a bit later and actually shows them working initially because the economy hasn't caught up to it.