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Wednesday, October 9, 2013

Dunn Says Minimum Wage Hike Would Create Economic Disaster

There's a fine balance you have to strike when setting minimum wage...too little and employees can't afford to live, too much and businesses shut down. 

Richard Dunn of the Canadian Federation of Independent Businesses says even a 10-percent hike would result in a loss of a thousand jobs across the province. That word in reaction to the suggestion made by the Randy Hatfield, the Executive Director of the Human Development Council, who says 15 to 17 dollars an hour is a reasonable living wage.

Dunn says only increasing the base line will cause more people to pool at the bottom of the wage scale...instead of creating jobs and growing the economy so it can eventually pay everyone more money. The current rate for minimum wage in the province is 10 dollars per hour.