Assignment II (Minimum wage) - Joseph Bepo by

learn about changes in the minimum wage

josephbepo1 — 2023-11-30 15:20:03 UTC

Welcome

josephbepo1 — 2023-11-30 15:43:12 UTC

Welcome to our padlet on "The Maximization of Minimum wage", together we uncover a lot of information.

josephbepo1 — 2024-04-04 19:33:35 UTC

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josephbepo1 — 2024-04-04 19:36:14 UTC

josephbepo1 — 2024-04-04 19:41:18 UTC

Minimum wages vary

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josephbepo1 — 2024-04-04 19:48:48 UTC

josephbepo1 — 2024-04-04 19:59:49 UTC

In Canada, the minimum wage varies by province and territory, with rates ranging from $14.00 to $19.00 as of 2024. The federal minimum wage is set to increase to $17.30 on April 1, 2024, but provinces may have higher rates. Minimum wage adjustments are based on factors like inflation, consumer price index, and average hourly wage changes. Employers must pay the higher rate between the federal and provincial minimum wages.

josephbepo1 — 2024-04-04 20:24:47 UTC

Obviously the masses feel the wage should be higher

josephbepo1 — 2024-04-04 20:25:10 UTC

The minimum wage should be higher to address the growing income inequality and to ensure a fair standard of living for low-wage workers. By increasing the minimum wage, millions of families can be lifted out of poverty, reducing their reliance on government financial aid. Higher wages can also stimulate the economy by increasing consumer spending power. Furthermore, studies have shown that raising the minimum wage can decrease crime rates and improve employee retention and productivity. Additionally, indexing the minimum wage to inflation ensures that wages keep pace with the cost of living, preventing workers from falling into poverty due to stagnant wages.

Demand for raise

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laws

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josephbepo1 — 2024-04-04 21:03:06 UTC