Minimum wage hikes could cost Canada's economy 60,000 jobs by 2019 - News Summed Up

Minimum wage hikes could cost Canada's economy 60,000 jobs by 2019


Minimum wage hikes across Canada this year could cost about 60,000 jobs by 2019, despite the benefits they would bring, the Bank of Canada says in a new report. As of Jan. 1, Ontario's minimum wage is now $14 an hour, up from $11.60. A minimum wage worker in Ontario just got a raise of $2.40 an hour compared to what they were making last week. That's real money in their pocket, but the job market isn't the only thing set to be impacted by a higher minimum wage. How will minimum wage hikes hit the Canadian economy?


Source: CBC News January 03, 2018 09:56 UTC


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