Soooo .... how much has inflation increased in Ontario since the advent of the $14 minimum wage and how much of that increase is attributable to that increase to $14?
To a person layed off of work, the source of inflation is hardly relevant.
The more important question is how does he/ she manage to get by with no income & higher inflation ?
He / she appears would have been better off with out the min wage increase.
From past experience it has always been 'doom and gloom' emanating from business and corporate interests concerning increases and proposed increases to minimum wage and the reality has always been, in states and provinces that have increased the minimum wage more than a paltry, insufficient and paltry sum, opposite of their "doomsday is at hand" narrative.
Past experience?
With 30% increases?
Not in Ontario
I doubt that a 30% increase has happened a lot in NA
Quite often wages are a significant % of total costs for service / hospitality companies
An increase of 30% can wipe out any margin & the reason to operate the business
Passing along the increase to the customer depends on how much competition there is. 30% just is not going to happen in a lot of cases
Phasing in an increase like that over several years (four-five) would have been far more prudent.
Too bad Wynne used 30% as election gift that did not work, instead of applying a pragmatic approach