Rumble in the Jungle
Mandatory Jew-hatred

How to increase unemployment

An election is coming! Let's throw a bone to the young, ignorant millennials:

Ontario Premier Kathleen Wynne has announced a plan to increase the provincial minimum wage to $15 an hour by Jan. 1, 2019.

The increase would be phased in over the next 18 months, rising to $14 an hour on Jan. 1, 2018, and then to $15 the following January.

In just 18 months, the minimum wage in Ontario will jump from $11.40 per hour to $15 per hour. That's a staggering 31.6% increase.

Businesses that employ low-wage workers will try a combination of the following to stay afloat:

  1. Increase prices of their products.
  2. Decrease total number of hours for their employees.
  3. Fire a few workers. Can you spell A-U-T-O-M-A-T-I-O-N?

The insidious thing about such a spike in the minimum wage is that most workers will get more money in their pockets but the few (hundreds?, thousands?) who lose their jobs will be at $0 per hour.

Plus, many firms in Canada and abroad are going to think twice before opening shop in Ontario.


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