Originally Posted by
Bonkers
I could give a lecture in basic economics but it would fall on deaf ears. When people make more money, they spend more of disposable income. You spend more business's make more. For every one article you bring up saying that a rise in the minimum wage is a bad idea, there are 30 to prove that wrong. Let's use your "$12/hour is liveable wage theory"
$12x 37.5= 450 a week 1800 a month.
$1800- $1000 Avg rent= $800
$800- $175 utilites= $625
$625- $260 food = $365
$365- $300 Student Loans, Car Payment, Insurance= $65
On a very basic level you have $65 in disposable income a month divide that by 4 and you have $16 a week. That means for the majority of people in Ontario we can just put back $65 dollars a month into the economy. That mean's no retirement savings, no children because you can't afford it. No sick days because those aren't paid for us anymore, Little vacation because you can't afford it, basic medications if covered, no purchased house etc. You can't have a functioning society if the next 3 generations are broke. Even if we work fulltime. Those generations are suppose to subsidise the retired