Incoming Alberta Premier Rachel Notley has confirmed her partyt’s intention to raise the minimum wage in the province to $15/hr. Like many things this sounds good but in fact isn’t, especially if your objective is to help the most vulnerable workers (and potential workers) at the bottom of the wage scale. A $15/hr minimum wage is simply a government decree that anyone who cannot produce $15 worth of value with an hour of their labour will not work. Thanks for the help guys!
Read my analysis in my latest column for the ROB’s Economy Lab feature in the Globe and Mail.