Thursday, March 19, 2015

yeah. the logic here is entirely backwards. it's precisely because the minimum wage jobs (retail, services) are immoveable that the government has a lot of flexibility to dictate minimum wages without affecting the economy. you can't pick the store up and move it, so you can poke the companies in the eye and fling rotten food at them and do whatever else you want with no consequence. the government has the leverage here, not the private sector.

in theory, you can pick the assembly line up and move it. but, they're already gone, anyways. assembly line jobs tend to be unionized, which puts most of them well above minimum wage to begin with.

the argument is really over the sanctity of the market. liberal market advocates will jump through all sorts of absurd hoops to try and convince you that it is "logical" to not interfere. but, virtually every one of their arguments is deconstructed quite easily. don't let them fool you...

regardless, what's happening with these increases is that they're moving with inflation. this consequently is NOT an increase in the real minimum wage, it's just a fair adjustment to reverse what would have otherwise been a loss due to inflation. it's an excellent policy that we're lucky to have here. it means we'll never lose income due to inflation.

http://www.cbc.ca/news/canada/toronto/ontario-raises-minimum-wage-to-11-25-1.3001278