Quote:
Originally Posted by Cecil Terwilliger
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I agree with everything he says, except for more than doubling the minimum wage. It's just too broad of a brush and would just see prices rise in proportion to the extra money in the economy. Keeping in mind that people doing work more valuable than minimum wage will want raises to reflect their labour when they are suddenly closer to the minimum. When they raised it in Ontario, it destroyed many small businesses. Large businesses seemed to fill the niche, but getting closer to peak capitalism by putting more economic power in fewer shouldn't be a goal.
I would propose instead of raising minimum wage, a better option would be to have more cost control and assistance for essentials like rent, food, energy, and education to make the current minimum wage more than adequate to meet needs.