Quote:
Originally Posted by rubecube
Jim does not exist in a vacuum. Last I checked, there are roughly 2000 full-time minimum wage workers in Alberta. Since the minimum wage increased, those people have seen their income go up by 10% this year, and will see it go up by 50% over the next few years, which should in turn provide them with more disposable income. So Jim's customer base has the potential to increase, thereby increasing the demand for his products.
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But why would those people spend their money at Jim's? He's had to increase his prices to offset the wage increase.
Large retailers with substantial purchasing power have managed to keep their prices down.
Jim loses market share.
What I'm trying to get at here is that the NDP policy benefits large companies at the detriment of local mom and pop type stores. That's the reality of a higher minimum wage.