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Canadian woman Christine Archibald identified as victim in London terror attack
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>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/Progressive politicians change union laws to benefit them - Brian Lilley, Calgary Sun
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From: Larry Kazdan http://www.sott.net/
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To: Letters Editor <lkazdan@gmail.com>
Subject: Wynne�s Ontario Liberals know a $15 minimum wage will kill thousands of jobs, but they�re doing it anyway, Matthew Lau, June 1, 2017 http://business.financialpost.com/fp-comment/matthew-lau-wynnes-ontario-liberals-know-a-15-minimum-wage-will-kill-thousands-of-jobs-but-theyre-doing-it-anyway
According to right-wing mantra, a minimum wage hike will be at the expense of "thousands of jobs". However OECD (2006) reports that "The level of the minimum wage has no significant direct impact on unemployment." American studies over the past two decades clearly demonstrate that minimum wages have very modest or no effects on employment or hours, and a 2016 Seattle Minimum Wage Study determined that "low-wage workers� employment, hours and wages all rose substantially".
Communities actually benefit when more money is put into the hands of low-wage earners who have a greater propensity to spend. Those who protest minimum wage hikes on the grounds that low-income workers will be hurt continue a grand tradition. As the late Canadian economist John Kenneth Galbraith opined, "??The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."
Footnotes:
1. Minimum wages 101
http://bilbo.economicoutlook.net/blog/?p=1010
OECD (2006) finds that:
The level of the minimum wage has no significant direct impact on unemployment
2. The truth about the minimum wage
http://www.msnbc.com/msnbc/the-truth-about-the-minimum-wage
The research on minimum wage increases in the United States over the past two decades is clear:
[Moderate] increases in the minimum wage raise the hourly wage and earnings of workers in the lower part of the wage distribution and have very modest or no effects on employment, hours, and other labor market outcomes.
3. Seattle workers better off after significant minimum wage rise
http://bilbo.economicoutlook.net/blog/?p=34153
? low-wage workers� employment, hours and wages all rose substantially. Neighboring areas that had similar trends in these variables before the increase ? and that, by the way, were also bound by the highest state minimum wage in the country when the increase took effect ? saw even larger employment and hours gains.
4. John Kenneth Galbraith quote
http://www.brainyquote.com/quotes/authors/j/john_kenneth_galbraith.html#EDL2V5OBe6ZtEEph.99
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