chp 16: B.C. won't raise minimum wage

http://www.vancouversun.com/sports/raise+minimum+wage+Coell/2753318/story.html

Summary:
Ontario raised their minimum wage in April 1st; it leads to a minimum wage argument in British Columbia. While British Columbia has bold economic market, but it haven’t increase its minimum wage in 8 years. Murray Coell said that British Columbia has different ways to help those whom have low-wage jobs. “{British Columbia is} not looking at increasing the minimum wage,” instead our province is creating well-pay jobs and helpful tax deductions, such as health insurance. President of B.C. Federation of Labour considered that British Columbia should increase it’s minimum wage immediately to at least $10 per hour, since B.C. has the lowest minimum wages in Canada. And Coell responded that even B.C. has lower least wages, after tax deduction it has higher wages compare to other provinces.

Connection:
As the article mentions, British Columbia has the lowest minimum wages among the Canadian province. However, Ontario, used to be the most tax contribution province, its economy is in a depression. While they are getting other province’s tax and they help their province by higher the minimum wage. People’s month wages will increase about $120 in their regular earning and their gross earning is also going to increase. In other hand British Columbia has the lowest minimum wages, but we are getting different deductions that provide us better welfare. Also, we are having a low rate of income tax, which means that our tax earning is not high. Since British Columbia has a lower income tax rate than other main economic province, our tax deduction which ensue a lower total deductions. And that’s why Coell said “the after-tax dollars for someone at minimum wage in this province is quite good compared to some of the other provinces that have a higher minimum wage."

Reflection:
If I can make a choice again, I will still choose to live in British Columbia again, even though our minimum wage haven’t raise for 8 years. Because we have lower income tax, then our income won’t be end up lower then other provinces in Canada. In contrary, our wages are competitive with other higher minimum wage province, because we have a good system. Just by increasing the minimum wages doesn’t help Ontario at all, employer may fired employees because of the increase wages. Also, people who got fired in the depression, has lower chance finding another job for the reason that minimum wage is higher. In fact, employers needs demand, as the wages went higher, more demand alter to less demand. B.C.’s method is better than Ontario, we create jobs, and the minimum wage is not as high as other provinces, employers are willing to hire people. As more people has a constant job the crime rate will goes down since people as money. It creates a better society and community for our province.

Canadian Tire gas bars move into highway service centres

http://ottawa.ctv.ca/servlet/an/local/CTVNews/20100407/OTT_Cdn_Tire_Hwy_100407/20100407/?hub=OttawaHome

Summary:
Canadian Tire currently announced they are going have their own gas stations with the support and partner with Host Kilmer Service Centre. The gas stations will construct on the busiest highways in the country. It will include convenience stores, as well as fast-food store, interim services including parking, portable washrooms, public telephones and water. President of Canadian Tire, Michael Medline, hopes to earn money from the gas bars but also the retail outlets. And their able to explode their brand name to those who didn’t know Canadian Tire before. Also, Host Kilmer will earn a part of the revenue generated at the sites with the Ontario government, which can to lead the government out of the enormous impacts of the recession.

Connection:
The Tires has increased their net income from 2005 to 2008, but recession gives the corporation a small hit. It didn’t cause enormous drop of the net income. The analyzed selected income statement data and the graphs reveal Canadian Tire is a bold cooperation. They wants to use this develop gas station chance to expand their type of businesses and expose their brand name to different place by a benefit way. It can gain money from the “gas bars” and at the same time it has great advertisement chances. By develops gas stations, Canadian Tire is able to increase millions of revenue since their gas station is operating. However, it has to take years to cover the construction fee.

Reflection:
I think the Ontario government should be thankful to Canadian Tire because in the construction project it creates about 2500 service centre jobs and about 350 construction jobs. It definitely will improve and help the economic of Ontario. Also, Canadian Tire can also get “free” advertisement by their gas station, and they also can earn revenue from the gas bars too. It benefits customers, Ontario’s recession and their own company. It has potential to increase their both revenue and net income for sure. And Canadian Tire might get some more customers who notice Canadian Tire by the advertisements at the new gas stations.