The Impact of Government of Ontario Raising Minimum Wages

which started in January 2018 and later to $15. starting from January 1st, 2019. Other categories of employment ranging from liquor servers, student wage, and homeworkers will be affected by the minimum wage increase. The break down for different classifications is as follows: for Liquor Servers increased from the current $10. to $12. The increase in the minimum wage has stood out to be a controversial topic across Ontario and neighboring provinces. A group of people is in support of Surname 1 Name Professor Institution Date SHOULD THE GOVERNMENT RAISE MINIMUM WAGE IN ONTARIO? Introduction The rise of minimum wage for workers and employees in Ontario has been realized after the government passed the Fare workplaces, Better Jobs Act, 2017. Under this new act general minimum wage will be raised from the current $11. to $14. which started in January 2018 and later to $15.

which started in 1st January 2018 and later will be increased to $16. starting from January 1st 2019 per hour. In this paper, I am going to discuss the impacts that have been caused by rising in the minimum wage to the economy of Ontario both negative and positive. Ontario government increased the minimum wage to $15 per hour which should be fully implemented by 1st January 2019. The increase in the minimum wage has stood out to be a controversial topic across Ontario and neighboring provinces. to $13. which started in January 2018 and should hike to $14. as from 1st January 2019 per hour; and that of Homeworkers raised from the current $12. to $15. which started in 1st January 2018 and later will be increased to $16. The break down for different classifications is as follows: for Liquor Servers increased from the current $10.

to $12. starting in January 2018 and expected to hike to $13. as from January 2019 per hour; for Student Wage raised from the current $10. to $13. to $14. which started in January 2018 and later to $15. starting from January 1st, 2019. Other categories of employment ranging from liquor servers, student wage, and homeworkers will be affected by the minimum wage increase. The break down for different classifications is as follows: for Liquor Servers increased from the current $10. Ontario government increased the minimum wage to $15 per hour which should be fully implemented by 1st January 2019. The increase in the minimum wage has stood out to be a controversial topic across Ontario and neighboring provinces. A group of people is in support of it and other opposing It is center of discussion rising many questions and concerns amongst individuals and organizations.

They discuss the issues trying to anticipate the effects that will result from the increased wages in Ontario (Thomas,T 2016). The increase in minimum wage has a huge lift for the workers who earned low income in Ontario. An increase in the minimum wages mean there will be an increased competition among businesses in the same wings. Competition is always an important factor in the growth of an economy. The companies will result in manufacturing good that are of high quality hence satisfaction of their customers. Those that offer services will ensure that their services are incomparable hence customers will get services which are equivalent to the amounts they are paying (Burkhauster & Sabia, 2007). In cementing the idea in discussion above, economists will always believe that competition in a business environment is always a key factor for growth of companies and businesses, which translates to an improvement in the economy.

I believe, it is usually right to be optimistic that because once people in the society have a high income, they will be able to buy much. Increasing the minimum wage will bring poor who live in our midst to be able to feel as if they are part of our society. From my perception, an increase of minimum wage will have a notable impact on the on the normal living of the low-income earners, and as a result, they will spend more on food and the economy of Ontario will eventually expand. Businesses will also flourish out of the enlargement of the economy (Don, P. In conclusion, an increase in the minimum wage in Ontario will definitely impact the economy of Ontario. The effectiveness of minimum‐wage increases in reducing poverty: past, present, and future.

American Journal of Economic growth, 25(2), 262-281. Don Pittis· (2018). Ontario's experiment with minimum wage could transform Canada's economy. CBC News, 23 Fare Workplaces Better Jobs Acts retrieved from www.