$15 minimum wage

Walter Williams said it decades ago: $15 minimum wage kills more than just jobs

My article “Ontario’s $15 minimum wage is going to kill more than just jobs” gained traction this past weekend, presumably sought by Ontarians and Canadians rightfully worried that big government is economically trapping us in a corner.

The thing about analyzing any situation logically from first principles is that you inevitably win… Read more

Ontario already feeling the pinch with the minimum wage hike

In my mathematical analysis of the wage hike, I claimed:

The minimum wage increase does nothing in relative terms, but increases everything in absolute terms.  It is pure, immediate inflation.

Anecdotally, within just the first few days of this legislation in effect, everyone has seen the immediate inflation in consumer prices, and if not, the immediat… Read more

Ontario raises minimum wage 30 percent, stoking world’s fastest inflation. Wait, wasn’t that Venezuela?

Here’s an article that came out on New Year’s Eve about Maduro’s “Good News!” that for fun we will rewrite from an Ontario and Canadian perspective.  Note the incredible amount of similarities and the lack of difference we can cite between the two.  One difference is that Venezuela went all-in with socialist policy and c… Read more

$15 minimum wage: Ontario’s “supports in place” for small businesses are more like wrecking balls

The Wynne Ontario government responded to the laughter caused by their proposed small business tax cut from 4.5% to 3.5% with the minimum wage hike from $11.60 to $15.

“There was never a commitment to offset the increases in minimum wage,” Wynne said. “I was very clear that that was not something that we were going to be able to do, but we wan

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In the face of the minimum wage hike, Ontario’s corporate tax rate cut is laughable

Finance Minister Charles Sousa unveiled the plan in the province’s fall economic statement Tuesday afternoon. The corporate tax rate for small businesses will fall from 4.5 per cent to 3.5 per cent effective Jan. 1, 2018, the same day the province will increase its minimum wage from $11.60 to $14.

The Canadian Press, November 14, 2017

The Keynesian t… Read more