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.
Wednesday, April 28, 2010
Subscribe to:
Post Comments (Atom)
Yea, even though British Columbia has the highest wage with the minimum wage $8 after tax deduction. But British Columbia has the highest poverty rate in the whole nation. Also a single family can able to afford to hair a baby sitter. Plus, HST is coming in May 1st, 2010 which means British Columbia’s poverty number is going to rise higher. It’s because people need to pay 13% of tax instead of a single tax of 5% or 7%. I think the government should increase the minimum wage, so the citizen in British Columbia could have a better live, such as don’t need much government’s welfare, decrease the poverty rate, and family are will to buy thing so British Columbia have a better economic.
ReplyDeleteChanging in minimum wage may lead to many economic and social problems such as inflation. People need to think careful on this issue before making any decision. Blindly demand for increase the minimum wage is not the way to help the poor. However, as HST is coming on July 1, 2010, people’s expenses will increase. If the income doesn’t change correspondingly, people in low income will suffer more. It’s time to do something the help the poor.
ReplyDelete