RE: THIS Is What Happened When Minimum Wage Was Hiked Over 20% To $14!
It should be what it says: the minimum to live at today’s standard of living. The local and state govt have a better grasp on wage levels than the fed so it should be what has been going on. In regards to the example that’s a nasty company. Tim Hortons CEOs and higher ups get how much in salary and bonus? Vs the lower end worker. I understand a business is to make profit not loss but when you refuse to raise wages because of losing out on millions in back pay essentially for the workers who keep the company going but keep raising how much the heads office makes is bad business. This also can be a discussion on unions the established and just emerging and the corruption that’s been going on there and franchises. It’s not one solution now because it’s so late to seriously talk about but not too late.
Problem is at some point the jobs will be lost to machines, if this number keep going up. The benefit goes to the company selling ordering kiosk like those found at McDonald's or cooking robots etc while the poor they try to "help" will be out of a job. Minimum wage is an inflation tax grab and usually destroy jobs, as a net result people will be out of work, those still have a job wil pay more taxes and lose purchasing power.
It’s a circle jerk for sure. Some tax hikes are a result of needed revenue from inflation. But there really isn’t an alternative other than getting rid of taxation all together. At the rate govs require capital/debt to survive right now what other resource do they have? Very few opperate their own utilities anymore. Arenas never get money back anymore. Few have leases that provide more than pocket change to their budgets. The reality is yet you make more money and you get taxed more but there really isn’t another option to drag these people up to living wages. The corporations certainly aren’t doing it. Neither are the growing unions. And let’s be honest. People making 11hror equivolant salary most likely get a refund at the end of the year and are being forced into paying into the safety nets they will most likely use. The govt as it’s structured today is not meant to bring people up/give boosts on the economic ladder it’s structure keeps people contained or lowers them. Only the savy are able to see this and understand. That’s why you see welfare people in Cadillac’s or McMansions. That is why there is no “middle class”
The real solution is to cut government and taxes, but it will be politically unpopular because over the years people has accepted the lie that gov can magically produce wealth when in fact gov produce nothing and is a drain to everyone's wealth and prosperity.
Safety net is another debatable term when in fact it does not deliver. The next generation is unlikely to get any meaningful gov. ponzi pension. Health insurance is just a way to "hide" actual price inflation in Medical costs.
If it is indeed insurance why can't people opt out and there is no competition. Gov produce nothing and there is no free lunch. The bigger the government the more economic waste. All these debt ran up by politicians will come crashing down and I hope those voted for more spending will one day realize what they have done. Ontarians are 22k each in the hole and this number is growing fast see http://www.debtclock.ca/provincial-debtclocks/ontario/ontario-s-debt/
The only way out is to wipe it all out And unfortunately that’s not going to happen willingly ever. Think Depression 5.0 because if lifestyle changes from Depression 1.