Quote:
Originally Posted by EonBlue
Ontario just lost 59,000 part time jobs since the introduction of the $14 minimum wage on January 1. That's the single biggest one month job loss in Canadian history.
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I guess it would hit some countries and businesses when wages are first increased, at those low rates many would carry dead beat staff. However if you look at Aus with a higher min wage, eventually it all evens out again:
McDonald's Australian sales to hit $5b
The US-listed burger chain recently reported a 3.5 per cent rise in sales for the third quarter, compared with 1.3 per cent growth in same-store sales in its home market.
Minimum wage in Australia is $23 but closer to $25 once extras are added. ( 17 ½% annual leave loading, 9.5% retirement fund )
6202.0 - Labour Force, Australia, Sep 2017
Unemployment rate : 5.5%
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