Government Wage Price-Fixing Scheme in British Colombia increases to $13.85 an hour today, Adding more inflation for consumers! – June 1, 2018,
As if the cost of living in Vancouver wasn’t already high, adding to the madness is more government wage price fixing. Minimum wage prices increase actually equate to a price increase for every employee near that minimum wage mark. Minimum wages often equate to anger for employees who were near the minimum wage mark and now, all of sudden via government decree, maybe some 18-year-old kid is making almost as much as someone who’s been working at the job for years.
This often leads to people leaving a particular job in pursuit of another job, because it’s not like a minimum wage hike equates to more customers all of sudden showing up, eager to pay higher prices. No, increases in the minimum wages often equate to a different type of employer dominating a particular economy. As an example, a lot of manufacturing companies simply left Canada, not only because of higher minimum wages but because of higher energy costs, higher property related costs, higher rental or leasing costs related to any assets they have and if one manufacturer is reliant on another local manufacturer as one goes, so does the other and then all of sudden manufacturing is replaced by importing, which often leads to higher costs for consumers, because imports revolve around market conditions and there’s little the government can do to higher minimum wages lead to less private sector jobs. Often is the case in Canada when job numbers start to dwindle the government comes is forced to offer subsidies to companies weathered the storm and then of course in time politicians will then use the subsidies those companies get as their basis for more government intervention.
The myth that government wage controls don’t have any effect on the economy needs to stop. If you want higher minimum wages fine, but let’s not act like the government fixing prices is a good thing for anyone. When wages go up, it’s not profitable for certain companies to be in this country, which is really bad when you’re trying to increase immigration levels, because in case you haven’t been paying attention a large number of immigrants not only make the cost of living more expensive they also consume a lot of tax dollars via the welfare they consume.
Without the private sector, the public program can’t be financed and price fixing is a horrible idea, which is why in many European countries there’s no federal minimum wage. According to the CBC I point to at the bottom of this post.
As per usual THE LIVING WAGE was started by a Labour union group, in this instance the Hospital Employees’ Union Now, just to put some perspective on the Hospital Employees’ Union consider searching Google about the Hospital Employees’ Union. Doesn’t exactly have the best reputation, most Unions in Canada are very lazily run, most Unions in Canada don’t really add any value to the people they represent, instead opting to go to the government to artificially raise rates or pass costs onto Canadians, instead of the Unions using Union dues to make the lives of the people they represent any better.
Typically in Canada Unions are behind these artificially created wage numbers, that are nothing more than price controls that everyone in Vancouver will pay for. No offense to you people making $13.85 an hour, but we were making $20 an hour without any high school education as early as the 1980s. How do you ask? Manufacturing companies! Good, reliable employees are hard to find and what we used to do and I talk about this all the time, is threatening to quit if we didn’t get a pay increase or if we didn’t get stock or some type of partnership in the company. Sometimes if the boss was a former employee, he’d beat us to the punch, offering all types of incentives to keep us productive, when there are more options for employment, meaning when there are more companies fighting for employees, you get better offers.
That’s the real world and another thing that used to happen is people would work at a company to learn enough to become their own boss. It’s the Unions that interrupted this arrangement, unions don’t only push for higher wages, they also push for more regulations, most Unions go by the saying that if your boss can’t afford to pay you an amount determined by the union then that business owner shouldn’t be in business. It’s the dumbest saying in the world and it’s the mentality of an entitled individual who knows nothing about running a business.
The reality of owning a business is that as a business owner you’re one mistake away from being bankrupt and if the Government says you can’t hire people unless you pay them $13.85 an hour there will be fewer job creators, they’ll be fewer businesses and the only businesses that will remain are business that cost the consumers more money. Cost of living go up in the Private sector because via the government who adheres to the labor unions, costs for everything go up and being that the private sector bears most of those costs, the businesses typically have to engage in more risk, which obviously equates to likelihood that a business will go bankrupt, look how quickly Target went bankrupt in Canada, looking at the numbers, Target assumed that Canadians liked paying inflated prices, turns out Canadians were frugal, once Target realized the small margins instore for them, they exited the market. Now, for most Canadian businesses, they learn this via bankruptcy, because not all business people are good at math, some business people have an idea and it’s not until all their money is exhausted that they realize that the numbers would have never worked in this wage controlled environment.
This should be common sense for the average employee or job seeker, but if your mind is fixated on your own individual greed what I wrote will be hard for you to comprehend because you’ll view an indebted business owner as an individual that’s not just like you are? a person on the edge of bankruptcy. Instead, you’ll look at the government as savior and assume that the bartering business person that pays most of the public sectors bills is an exploiter of the poor. Not the provider of prosperity. Congrats on your Government enforced pay raise that’s going to help inflation numbers!
Silly, greedy, self-centered Leftists!
Minimum wage in B.C. increases to $13.85 an hour today – CBC
Interesting times ahead