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Old 08-14-2018, 05:07 PM   #35
Zarley
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Quote:
Originally Posted by iggy_oi View Post
From $8/hour to $15/hour their shifts would need to be almost cut in half for them to come out further behind.
Well nobody was making $8. The minimum wage when the NDP took over was $10.20 an hour, and $9.20 for employees serving liquor.

For an employee making $10.20 in 2015, a 32% reduction in hours erases any gain from a $15 minimum wage. At the current rate of $13.60, a 25% shift cut makes the wage increase irrelevant.

Of course, the results of a shift cut are worse for the significant proportion of minimum wage earners who work for tips (which are a function of hours worked). For a server earning $9.20 in 2015 with 50% of their income from tips (a conservative figure), a 24% cut in hours erases the gain from a $15 minimum wage and a 19% reduction erases the gain from the current $13.60 minimum wage.

This doesn’t even consider the aggregate impact of firms choosing cutting back on the number of employees. Which I'll get into later.
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