$15 minimum wage
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
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
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
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.
… Read more
“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
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 Keynesian t… Read more