Quote:
Originally Posted by iggy_oi
Where business owners spend less on those items(if they hypothetically did), their employees will spend more, and in more places. That actually grows the economy.
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This "theoretical" kind of projection is nice and all, but why not just work with what we have for evidence. 25,000 jobs gone in the service sector and small business is saying it's directly due to the increased wage costs. And yeah, the economy has grown in Alberta and that is due to the increased price of oil.
To me it's pretty obvious. We haven't gotten off the oil and gas rollercoaster despite claims that this was going to happen. The minimum wage has acted a drag to small business, which was predicted by virtually everyone.