Minimum Wage: Can You Make a Decent Living on It?

A restaurant owner is just an example, but this theory also applies to small businesses. Because their income is much lower than the income of large companies, if they raise the minimum wage to a level they can not get, they will be the first to cut off any workers. If the minimum wage does not keep up with inflation, these families need to take drastic measures to ensure livability. Minimum wages are the result of progressive movements.

The minimum wage of $ 15 per hour provides a decent life for the minimum wage workers and improves the quality of life. Currently, there are 1.5 million workers in Ontario with less than $ 15 an hour. This means that implementing a higher minimum wage will benefit many of Ontario's workers and their families. The majority of Ontario's population benefits from the minimum wage of $ 15 per hour and enjoy the high standard of living. They can pay rent and groceries and live comfortably compared to their current situation.

Minimum wages are different from living wages. The minimum wage is the minimum statutory minimum wage set by the state government. Thousands of families currently making minimum wages in British Columbia are still living below the poverty line. Employers are obliged to meet higher standards in living wages, which requires salaries of employees and subcontractors to reflect the true cost of community life, and for parents to support their families You can earn wages. According to the survey, companies usually absorb the increase in costs related to living wage policy by raising price and productivity, reducing turnover rates and employee redistribution. Most workplaces do not have employees and no employees. In British Columbia, the minimum wage has been raised from $ 8 per hour to $ 10.25 per hour in a relatively short period of time. In addition, the employment rate of young people aged 15 to 24 in British Columbia declined slightly (1.6%). Raise the minimum wage, 2015)