Quote:
Originally Posted by _Richard_
a .70 wage increase will kill off 98% of your business?
sounds like a simple inflation jump would have killed off that business, if so.
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No, the $0.75 increase won't do it on it's own. But small businesses are suffering death from 1000 cuts. The same mentality that leads to these knee-jerk minimum wage increases leads to other policies that are just as damaging to small business. There is a reason why youth unemployment is 20%+ in Ontario.
The price of electricity in Ontario has gone up by 50% in the last decade and is set to rise another 50% in the next 5 years. Ontario now has the most expensive electricity in North America. This is because of the same brain-dead simpletons introducing this new minimum wage.
And because the minimum wage will now be tied to inflation it will lead to more inflation, which leads to higher minimum wage, which leads to higher inflation....etc., etc.