Quote:
Originally Posted by FacePaint
Economics Prof Trevor Tombe seems to think minimum wage has not been a major factor in any job loss:
On MinWage and jobs: best not to jump to conclusions. No strong evidence of job losses yet.
Research suggests young workers more at risk of job loss. But in Alberta the drop for aged 15-24 is similar to SK. So, more likely low oil at fault than MinWage. #ableg
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Oil bottomed out in early 2016. It's basically been on a steady climb since - double what it was then. EDM prices are comparable in the increase. WCS has more than doubled.
That employment trend hasn't tracked oil well at all. Certainly worse than the correlation versus wage increases.
EDIT: Fixed some wording.