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ontario shed nearly 60,000 jobs after massive minimum wage hike


Rod

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3 hours ago, Arctic Cat Destroyer said:

I like to form my own conclusions and opinions. Minimum wage hikes have not had the "assumed" negative affects they said. Any short term pull backs will eventually even out as businesses will struggle to operate understaffed. Prices will adjust and life will go on. I deal with this everyday with labor, vendor, material and permit prices. 

Higher wages historically result in more economic activity but I'm sure you can provide links to the contrary. :handjob:

 

yep and the wage hike was for nothing . and 1 more time the poor you pretend to be fighting for are fucked again

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38 minutes ago, Ez ryder said:

yep and the wage hike was for nothing . and 1 more time the poor you pretend to be fighting for are fucked again

So no need for your employer to ever give you a raise then, it's just going to make stuff cost more and isn't worth it. 

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50 minutes ago, Ez ryder said:

yep and the wage hike was for nothing . and 1 more time the poor you pretend to be fighting for are fucked again

Ever raise the rent on your rental properties.....:snack:

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5 hours ago, SnowRider said:

Ever raise the rent on your rental properties.....:snack:

not speaking of but in general, if you raise the rent on a person that hasn't seen a raise in awhile can get up setting.  It a known fact wages have been stagnate for a very long time.

You increase your rent due to expenses, a worker could use the same thing.  Catch 22  

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5 hours ago, snopro31 said:

go from minimum wage to unemployed.....

 

smart thinking

Where I am unemployment is just over 4%, signs in many stores HELP WANTED. 

Don't put too much into big jobs losses or gains, really it happens every month.  We gained 148k jobs in November and December, then we lose 80k.  Next we gain 55k, then lose some 

 

A lot depends on where you live 

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5 hours ago, snopro31 said:

go from minimum wage to unemployed.....

 

smart thinking

Yep, there is a shitload of vacant retail space in downtown Seattle and Chicago from the high minimum wage putting them out of biznizzz!!!!

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28 minutes ago, 1trailmaker said:

Where I am unemployment is just over 4%, signs in many stores HELP WANTED. 

Don't put too much into big jobs losses or gains, really it happens every month.  We gained 148k jobs in November and December, then we lose 80k.  Next we gain 55k, then lose some 

 

A lot depends on where you live 

You live in an alternative reality WRONG AGAIN FAIL :finger3: and Nazi Pig Dog is your neighbour 

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1 hour ago, 1trailmaker said:

Where I am unemployment is just over 4%, signs in many stores HELP WANTED. 

Don't put too much into big jobs losses or gains, really it happens every month.  We gained 148k jobs in November and December, then we lose 80k.  Next we gain 55k, then lose some 

 

A lot depends on where you live 

a net loss is a net loss

 

the simpletons need to understand minimum wage was never intended to be a living wage.  but hey, look what their protesting did. 

 

 

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29 minutes ago, snopro31 said:

a net loss is a net loss

 

the simpletons need to understand minimum wage was never intended to be a living wage.  but hey, look what their protesting did. 

 

 

He’s almost as stupid as Jimmy when it comes to basic economics 

Edited by Sleepr2
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1 hour ago, snopro31 said:

a net loss is a net loss

 

the simpletons need to understand minimum wage was never intended to be a living wage.  but hey, look what their protesting did. 

 

 

Exactly , why are they stealing jobs from teenagers.

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11 hours ago, snopro31 said:

a net loss is a net loss

 

the simpletons need to understand minimum wage was never intended to be a living wage.  but hey, look what their protesting did. 

 

 

Its supposed to be a wakeup call if you don't get up off your lazy ass.

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On 2/10/2018 at 6:58 PM, Arctic Cat Destroyer said:

It won't last. All of the cities in the United States that raised minimum wage have been doing great, that's why all of those boo hoo butthurt beat offs who were bitching about it haven't said shit since. 

Or is it the mere fact that all those cities had pay rates almost to the point they raised it too because COL is so high?  

Hasn't worked great in Seattle.

I know, I know WaPo is conservative so its biased.  :lol:  

https://www.washingtonpost.com/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/?utm_term=.0e38844a3bc5

A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news for liberals

 

When Seattle officials voted three years ago to incrementally boost the city's minimum wage up to $15 an hour, they'd hoped to improve the lives of low-income workers. Yet according to a major new study that could force economists to reassess past research on the issue, the hike has had the opposite effect.

The city is gradually increasing the hourly minimum to $15 over several years. Already, though, some employers have not been able to afford the increased minimums. They've cut their payrolls, putting off new hiring, reducing hours or letting their workers go, the study found.

The costs to low-wage workers in Seattle outweighed the benefits by a ratio of three to one, according to the study, conducted by a group of economists at the University of Washington who were commissioned by the city. The study, published as a working paper Monday by the National Bureau of Economic Research, has not yet been peer reviewed.

On the whole, the study estimates, the average low-wage worker in the city lost $125 a month because of the hike in the minimum.

The paper's conclusions contradict years of research on the minimum wage. Many past studies, by contrast, have found that the benefits of increases for low-wage workers exceed the costs in terms of reduced employment -- often by a factor of four or five to one.

"This strikes me as a study that is likely to influence people," said David Autor, an economist at the Massachusetts Institute of Technology who was not involved in the research. He called the work "very credible" and "sufficiently compelling in its design and statistical power that it can change minds."

Yet the study will not put an end to the dispute. Experts cautioned that the effects of the minimum wage may vary according to the industries dominant in the cities where they are implemented along with overall economic conditions in the country as a whole.

And critics of the research pointed out what they saw as serious shortcomings. In particular, to avoid confusing establishments that were subject to the minimum with those that were not, the authors did not include large employers with locations both inside and outside of Seattle in their calculations. Skeptics argued that omission could explain the unusual results.

 

Edited by Highmark
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3 hours ago, ArcticCrusher said:

Its supposed to be a wakeup call if you don't get up off your lazy ass.

Not in an NDP/Liberal province or country unfortunately. 

But those protesting aren't the brightest.  5 years of university and leave with a BA in burger flipping and womens studies...

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On 2/11/2018 at 11:48 AM, Ez ryder said:

good . remember you queen was saying it was a mistake out there on the trail . now what are you going to cry about

Trump is targeting agriculture and lumber coming from Canada. It’s in the administrations report. 

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21 minutes ago, 1trailmaker said:

I guess HomeDepot didn't get the NO HIRING MEMO :dunno:  

http://careershomedepot.ca/events.php?eid=PSM_FB_FW01_020118_SpringHire

Home Depot has always paid well around here. Well above minimum wage. Not sure about other markets but they seem like one of the good ones IMO.

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8 hours ago, spin_dry said:

Trump is targeting agriculture and lumber coming from Canada. It’s in the administrations report. 

well Canada government has been subsidizing  there lumber to under cut US lumber for a long time now . so yea AMERICA first 1 more time for the win

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