Minimum Wage In Canada

The Canadian Constitution is the base for every subject that affect Canadian citizens, permanent residents and temporary residents as well directly. The Canadian Constitution outlines many topics including how the government should deal with people in the country and the way that people must deal with the government. As any other constitution, being a part of the country requires rights and duties, which the Constitution disposes in its content. It wouldn’t be different for the minimum wage. The Canadian Constitution sets how this matter will be treated and specify that each province should has its own responsibility for enacts the minimum wage subjects.

According to Daniel Tencer’s article “Too-Fast Minimum Wage Hike Will Cost Ontario 90,000 Jobs: TD Bank” (2017) on huffpost website, thousands of people might lose their jobs by 2020 as the result of today’s minimum wage hike. Some economists claim that it ‘can potentially generate more benefits to society than costs in terms of any resulting job loss’ (2017) while others concern about short period of time allotted on making these changes. As for minimum wage in the coming years, it will be $14 per hour in January 2018 and $15 in 2019. The author also stated that not only Ontario is planning to raise minimum wage, but also Alberta will increase it to $15 per hour. Furthermore, even though government says that there will be a ‘positive household

The government spends millions of dollars supporting poor families every year. Since the government is already in an estimated $19.4 trillion debt as of 2016, raising the minimum wage would be a way to save them money and pay back some of that debt (Lantigua-Williams). By raising the minimum wage to $10.10, 1.7 million workers would no longer need governmental support to be financially stable. With this amount of people no longer needing the government's help, the government will have extra money to use. Just from the increase of minimum wage, the government would save $4.6 billion from not having to send out as many food stamps alone. And over just one year, the increase in pay would reduce the government spending on income-support programs by $7.6 billion (“Should Federal Minimum”). The government will be able to use this money on other important things that will help the country grow and

Barbara Ehrenreich establishes her claim on how society and the government are detrimental to people in poverty. The negative generalization that minimum wage workers experience in America affect their ability to move from the low class and into the middle class. I agree with Ehrenreich because many people who are in poverty are categorized as lazy and many people also believe that poverty does not occur on a large scale in the US. While government assistance does exist, most individuals surpass the threshold for welfare, yet still can not afford basic necessities.

At the start of October 2016, the minimum wage will be rising throughout most provinces: Employees will receive a higher rate per hour. For example, Ontario’s minimum wage rises from $11.25 to $11.40 per hour; creating, a 1.3% inflation. However, there are other elements which contradict the minimum wage increase: transport, healthcare, education, shelter and many more components towards living in Canada

Money. Money is how we are able to eat and drink. It is how we stay clothed in different climates. Money is how we have a roof over our head. Money is what we earn from jobs and then, in turn, we recycle it back into the economy. A salary is how we get from point A to point B quickly and efficiently. Money is in a constant cycle of being in one person’s hands, going to someone else’s hands, and one way or another, coming back to the first person. Almost everything in this world can be boiled down to money. And in America, when you are employed, there is a minimal amount of money someone must pay you for your employment. This minimum wage is the base pay rate any American can earn. The minimum wage in America is supportive of the economy

WASHINGTON D.C. President Barack Obama has shouted on Congress to raise the combined minimum wage, the centerpiece proposition at the State of the Coalition address that concentrated on commercial inequality in America. Pointing out that the present minimum of $7.25 is nearly 20% lower in real paying manipulation than it was 25 years ago, he impelled legislators to prop a bill that should hold the nationwide rate to $10.10. We additionally have to do extra to safeguard our economy distinctions the dignity of work and that hard work pays off for all of our citizens. Americans overwhelmingly concur that no one who works maximum period ought to ever have to raise a relation in poverty.

The minimum wage is the government labour standard that guarantees all workers are paid a base wage. In certain provinces and territories, this law has been in place since 1918. This legislation comes from the Employment Standards Act and Regulation, who come up with a base wage that must be paid to all eligible employees. While an employer can choose to pay wages above the minimum wage, legally employees can’t pay a worker anything less than the minimum wage. This law was created to protect Canada’s minimum wage workers from exploitation and prevent them from poverty and prevent them receiving dismal wages for their labour.

Rise in minimum wage has several impacts apart from unemployment. The minimum-wage workers would have to pay more taxes and receive fewer benefits if they are subjected to rise of minimum wage. The federal marginal rate for tax is 32 percent on an average for low earning members. This would amount to almost one third of the income of a worker. The tax rate is quite high for low paid workers. The rise of minimum wage would also reduce some of the advantages and leverages that the low-wage workers enjoyed previously. In United States, the increase of minimum wage for workers would have some disadvantages including paying payroll taxes and payments for Social Security and Medicare (Clark 445). The economists have therefore stated that the minimum wage should be an amount that could meet the basic needs of a worker and it should not be increased unnecessarily without proper inspection because it could have negative impact in the life of the workers. The marginal tax of 32 percent does not include the benefits of Medicaid coverage services. However, the benefits of minimum-waged labors would definitely reduce as a result of slight increase in the minimum-wage.

People who are stuck in poverty would take any low paying job than not make any money at all, with that being said this is how different fields get away with paying minimum wage. This minimum wage average for the Canadian citizen would be around $10.45, but because there are cheaper labours outside of Canada company owners would be making more money using sweatshops leaving less jobs for

The three major stakeholders in an economic environment include the consumers, the businesses and the government. To achieve a thriving economy, Canada’s economic system has three primary goals: economic growth, economic stability, and employment. At any rate, the economy is complicated subject with many affecting factors, and minimum wage being an especially contentious one. There are definitive tradeoffs in increasing minimum wage from $11.40 to $15 an hour in Ontario.

According to Arden Finn (2015), any reasonable minimum wage would affect each of each sector in the labor department differently, but the most sensitive of the wage floor are agriculture and domestic sectors. The value that one receives is equal to the value one inputs, thus firms will encounter more productivity because of the wage increase, meaning there is a direct proportion between the income and the productivity When minimum wage earners receive a raise, suffering within households will be alleviated and they will now have more purchasing power which leads them to be able to meet up with the high costs of living (Rent etc.). Based on basic economic theory, the income of an individual increases their preferences also increase so this means

In Luxembourg the minimum wage is higher, the basket of goods is more expensive, the households are more expensive and the health-care system is considered as one of the best in the world.

With raising the federal minimum wage, the government could also put new laws in place that expand the Earned Income Tax Credit (EITC) and decrease health insurance premiums for the lower and middle class. The government could also create training programs for minimum wage workers, allow them to take two to four years of community college classes for free, or reduce taxes on the lower and middle class. Increasing the Earned Income Tax Credit would help the working lower class earn slightly higher than a “living wage” while not damaging our economy and causing inflation. The middle to upper class would most likely have to pay slightly more in taxes, but it would balance out when they no longer have to pay taxes for the lower class to receive government assistance. Currently, a huge

To run a successful business you need employees who are happy and productive. Some businesses achieve this goal by paying their employees above the minimum wage rate. The rate they pay their employees is called the efficiency wage. There are four reasons why a business will use an efficiency wage: 1) increase worker health 2) increase worker morale 3) decrease worker turnover and 4) increase average skill of worker. An efficiency wage can increase the productivity of one’s business and lead to more profit. However, this model does not fit every business. If every business paid above the market equilibrium wage then most businesses would lose money because their business model does not support a higher wage rate. So, when a business decides