Quote:
Originally Posted by rubecube
Totally. Like I said, I'm not naive to the fact that there would likely be an adjustment period, but I think it will level out in the long run. That seems to be what's been shown in the various studies on the subject that have used real life examples. The only difference between those studies and what we have in Alberta is the rate at which the minimum wage is increasing.
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You
think it will level out. But doing this in an already fragile economy is insane. There will be layoffs which will add to an already higher than normal level of unemployment, even less disposable incomes, less business, more layoffs.
A bracketed minimum wage increase is more reasonable imo. Based on revenue or taxed income of a business to protect high revenue/low profit businesses. Ie: a Wal-Mart can absorb a minimum wage increase a lot better than Sue's Bakery. What that does for talent competition though is a whole other ball of wax.