I think employers are obligated to adjust your wage since the new minimum wage will inflate overall goods and services.

yes you are correct, it's mandatory for your employer to chance your wage to the minimum wage. They basically have no say and if they don't adjust it they will be fined and you will receive the back pay.

no its not. thats like saying its stupid to ever increase the minimum wage. besides, if the minimum wage increases your wage might possibly increase too. :whistle:

in that case I agree. Not only that, increase in food prices and gas etc. Just barely keeping up. . . .

I think one of the main problems is with the municipalities. More people are focused on federal and provincial governments. But the city of vancouver spend the fucking most and have no accountability (or less than provincial and federal). I think the province actually has a wage freeze for most of their provincial workers, but the city workers keep getting wage increases and seem to just spend on anything they want.

. . .my property taxes keep going up every year, and I don't feel like the services justify that. . . .. . :(

This raise the standard of living for those who make minimum wage until the rest of the economy adjusts.

In order to maintain their margins, companies and suppliers will too increase their price of goods to reflect their new higher operating costs. This will happen quicker than wage increases.

Thus it will hurt everybody in the long run except the very rich.


Did that just make sense from an Economic stand point?

Say hello to layoffs and/or increased prices.

It would suck to work in the restaurant industry in 2012. Screwed over by HST , now screwed over by lack of tips because food prices went up to cover the cost of wage increase.

This.

I can't thank you - but Yes - it makes sense ...

Things to consider:

1. Wages should be priced according to productivity - increase the wage benchmark lead to higher productivity? What is the incentives to work harder?
2. Yes, min wage workers represent only a small fraction of the economy. But this cuts into the profit margins of retail/entry level positions. Do you want to pay higher prices?
3. The increase for workers making above the min wage is not linear. These workers will noy work "as hard".
4. To maintain the same profits, firms will need to increase revenue by raising prices.

Clark is treating the labour market as a homogenous agent, which is a big mistake. I agree that impact on umeployment rates (aggregate) will be minimal. BUT unemployment rates for youth/low skilled workers will spike for sure.

This is going to be another excuse for businesses to raise priced. Fml.

Oh and if we want to talk about black/grey markets, that's going to be another whole thread..
Posted via RS Mobile

I thought BC has been criticized for a long time regarding having low wages compared to the rest of the provinces.

How are the prices of commodities in other cities outside of BC compared to the ones in BC? e.g Toronto/Montreal

I know in Alberta has no PST so things might be cheaper or offset (Higher price/less tax).

Higher minimum wage + tips = heaven (for a college student)

That's actually quite a high minimum wage compared to many other places.
In London, UK, everything is effectively 1.5x the price of shit back home in Vancouver, yet the minimum wage is 5.95 pounds, which is about $8.
People still survive, but they live hella far out and commute into the city to work for peanuts.

can someone explain to me why they are getting rid of the noob wage? why does a 14 year old kid need to make $10.25 an hour?

^ you know 14 year old kids are not the only people making the current minimum wage ...

How about raising the noob wage to the old minimum of $8? IMO, sounds like a compromise for raising the wages despite low skill.

i see where your going with this, but BC's minimum wage is the lowest in the country so it was a long time coming for it to be raised. Especially for a province thats pretty expensive to live in. Now if our minimum wage was comparable to other provinces and it was raised i would probably agree with you. Im hoping im completely wrong but i dont see my own wage increasing with the new minimum wage.

There obviously gonna be pros and cons to this. The pro for me is families are gonna have alil bit of an easier time making ends meet, if they do make the minimum. The con for me is those lil shits that dont do jack shit and believe they should be paid for it or like u said higher wage for same level of performance.

Inflation. $8 now is not worth as much as $8 a decade ago.

i think lowering taxes would make everyone a lot happier.

maybe instead of increasing minimum wage, the people who want to make more than minimum should put a little more effort into their work and give life in general a little more effort..

your telling me a person who cant put fries in a bag properly at mcdonalds deserves 10.25?..

^ how will you pay for services??
did you forget about teachers, po-po, fireman, amberlamps driver, etc...
you will probably vote for the NDP... =\...

That has to be among the highest min wage in the world.. Hong Kong is about to introduce its first minimum wage, and it's $3.50 CAD per hour. The min wage in Tokyo is $10.30

I guess it allows people to pay the ridiculous amount of taxes

with the minimum wage increase are we going to see increase of wage through out ?

Definately. Every single employee in BC will get a raise of $2.25.:speechless:

Except some places that pay their employees under the table by cash... *cough* Chinese restaurants *cough*

Too much too quickly

Raise by this much is just asking for trouble, especially in such a short time span.

Ultimately two things will happen:
a) accelerated inflation, thus further driving up our already WTF housing prices
b) increase unemployment rates

The economy only has so much money in it. If a firm say... marks up their prices by 30%, their profit margin is now gone. Solution? start laying people off.
Increase wages = increased cost for firms.
firms want to profit maximize by minimizing costs.

so well Ms. Clark, be prepared to face questions such as "how are we going to deal with the current increasing rate of unemployment?" in about a year.