Thursday, May 12, 2011

BC's Minimum Wage

http://www.vancouversun.com/sports/minimum+wage+increased+Sunday/4706418/story.html

As of Sunday, May 1st, the minimum wage of BC has risen from $8/hr to $8.75/hr. In November, it will raise again, to $9.50/hr and in the following year, to $10.25/hr. To me, I don't think it makes a significant difference that the minimum wage has increased, as it means that everything else will have inflated prices. For employees, it may seem that they make more, but like previously stated, all the prices will go up because employers have to pay their employees more and therefore, they have to compensate this difference some way. In the end, I see raising the minimum wage a way of looking positively at premier, Christy Clark. If wages go up, prices of everything else will go up as well, and will just be back to the stage of where it was before minimum wages were raised.

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