The Prime Minster announced that the federal government is not looking to raise minimum wage this year.
How does this effect our country? Let start with workers.
For workers this is a concern and something that does not add benefit to them. Minimum wage earnings demand a livable wage and say that they current minimum wage is not high enough to support themselves and their families.
Lets look at the Business perspective.
For Businesses this is great news! In todays economy some businesses fight to stay profitable. With this news business can continue to operate normally. However if minimum wage way raised this year that would cost them more money which could mean they need to find ways to keep that money in the company. One of their options to do that is by letting employees go.
This creates a problem for both if the minimum wage goes up a) some companies will operate understaffed, b) some employees will lose their jobs. It not an easy discussion or something that has an easy decision. In the next few weeks more will come out in the new about the topic.
http://www.cbc.ca/news/politics/federal-minimum-wage-trudeau-1.3796315
No comments:
Post a Comment