My Thoughts On Ontario’s Minimum Wage

Some of you may know that minimum wage in Ontario is $10.25/hour since 2010. The issue is these companies think that means maximum wage! People in the province want minimum wage to jump up to $14/hour. Personally I like the idea, but I also see some downfall to it.

So there are two way to look at this. Perspective from the workers and the companies.

Let us take a moment and think about these owners and the company as a whole. Bottom line, they want to make as much money as possible. Don’t we all? If something is working just fine, why would anyone change it? If it ain’t broke, don’t fix it. Ask the owners of the Toronto Maple Leafs and they will tell you the same thing. If minimum wage goes up that much and that fast, there is a hole in the wallet all of a sudden. Mind you this wallet has millions, if not billions of dollars. But that just means they have to make financial cuts somewhere else. Pension or benefits? I am thinking both will be cut back. Let’s face it, no one wants to lose money. The more you pay someone, the less you make. And the more someone earns, the more work they are expected to do. Sadly, they know there are people out there who are desperate and will work for next to nothing. Which is real shame. So if you own a company and you have part time staff who earns $14/hour, what will your full time staff be earning? Think about that.

On the other hand, this is Canada. Not a third world country. The cost of living is always on the rise, so shouldn’t our wages be? Gas is going up all the time. Which starts a chain reaction. A bag of chips is $3 bucks? A lousy half empty bag of chips. So what is 10 bucks an hour going to do for someone who works 20-24 hours a week? How can one provide for a family or even care for themselves at that wage? This may sound selfish, but keep in mind I am talking about Ontario which is no small potatoes. If I own a company, I want the best workers possible. Not someone who will just get the job done. You want the best, you have to pay. You get what you pay for. I find it very pathetic that companies start full time workers at $11 or $12 an hour and expect them to perform miracles. 

At the end of the day, it is about give and take. I am not saying $10/hour is acceptable, but have proper raises. The more people make, the better they feel. The better they feel, the more they will spend. I truly believe you have to meet in the middle. 10 bucks is too little but 14 is too much. 

 

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