this post was submitted on 31 Mar 2024
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[–] Landmammals@lemmy.world 28 points 1 year ago (1 children)

Will add $54.5 million to the economy

FTFY.

[–] xmunk@sh.itjust.works 6 points 1 year ago

And, statistically speaking, minimum wage employees will spend a much higher proportion of their income than millionaire assholes.

[–] TheIntrovertedSlut@lemmy.world 27 points 1 year ago (1 children)

That it costs money to hike the minimum wage is news now?

[–] bionicjoey@lemmy.ca 22 points 1 year ago (1 children)

It's not a news outlet. It's a pro-employer propaganda site

[–] GrymEdm@lemmy.world 7 points 1 year ago

Ah, now I get why it's being downvoted. What a lousy spin to put on something so necessary as minimum wage increases.

[–] lobut@lemmy.ca 18 points 1 year ago* (last edited 1 year ago)

If you poor people could just do more and survive on less but still somehow spend just as much, then the employers would be fine. /s

[–] psvrh@lemmy.ca 15 points 1 year ago

Somehow, giving money to poor people, which they'll spend on goods and services to stimulate the economy is bad...

...but giving money to rich people that they'll sock away in their bank account or invest into non-productive assets is good?

[–] ImplyingImplications@lemmy.ca 12 points 1 year ago

I used to work for a small company and the boss was a member of the CFIB. We'd get their emails all the time and they were some of the worst takes I've ever seen.

One I always remembered had a subject like "How to tackle the youth employment problem" and the body of the email gave tips on how to avoid paying young people anything more than the absolute minimum, because young people don't deserve pay. It talked about how the young generation was entitled and demanding things that need to be earned through years of hard work and loyalty, and not to give in to those demands.

So yeah, terrible source OP.

[–] howrar@lemmy.ca 11 points 1 year ago

Connect minimum wage increases to the actual increases in the median wage in the province. As wages increase, then the minimum wage can increase by the same amount.

I say we link it to the maximum wage instead, since that's a better indicator of how much resources we have to go around.

[–] Son_of_dad@lemmy.world 9 points 1 year ago* (last edited 1 year ago)

That's it? That means the hike only accounts for a $54 million worth raise to all workers across Atlantic Canada, that's peanuts. Triple that hike, it would still be a blip and workers would still be underpaid.

[–] SuperSpruce@lemmy.zip 9 points 1 year ago

That's it? That's like at most $50 per person. And remember, money that is sent to the poor will be reinvested into the larger economy through increased consumption, or more sales for the employers.

[–] Templa@beehaw.org 6 points 1 year ago

And that's a good thing!

[–] delirious_owl@discuss.online 3 points 1 year ago

What a dumb headline

[–] corsicanguppy@lemmy.ca 2 points 1 year ago

The West links it to inflation.