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At minimum it's a poor plan

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14.09.2017

Advocates of a $15-an-hour minimum wage in Manitoba, including NDP leadership hopeful Wab Kinew, should take a close look at a new study out of Ontario which shows a similar proposal in that province would result in a net loss of at least 50,000 jobs and do very little to alleviate poverty.

Ontario Premier Kathleen Wynne’s government is proposing to jack up the minimum wage in Canada’s largest province from $11.40-an-hour to $15 by January 2019. The stated objective of the plan is to reduce poverty by bolstering the wages of the working poor. But an independent study by Ontario’s Financial Accountability Office suggests the move would do far more harm than good.

“Since the income gains would not be concentrated on low-income families, raising the minimum wage would be an inefficient policy tool for reducing overall........

© Winnipeg Sun