Minimum Wages The Skills Entire Generations Will Never Learn In Exchange For Price Controls: Ontario Canada and California USA raise their minimum wages – October 1, 2023
Ontario’s minimum wage will increase from $15.50 to $16.55 an hour starting on Oct. 1. The student minimum wage will increase $1 an hour to $15.60. The Ontario government says the 6.8 percent increase in the minimum wage means up to $2,200 more in workers’ pockets every year.
A reminder that the current Premier of Ontario, Canada, is a “Progressive” Conservative as well as a business person, in the U.S. State of California, their current governor is a Democrat and a successful BUSINESS OWNER.
The structure of California’s minimum wages differs from Ontario, Canada. California has multiple different bureaucratic entities that I assume all engage in their own price-fixing schemes, so the new minimum wage law in California is centered around fast food workers.
New California law raises the minimum wage for fast food workers to $20 per hour; however, the overall CURRENT minimum wage in California is $15.50 per hour which actually means that labor in Ontario, Canada is still a little cheaper. I don’t have the time to do the cost of living of both States/Provinces, but I’d imagine they’re similar even with the exchange rates.
I could argue that the Premier of Ontario is has a more difficult job because in Ontario, Canada, there’s a FEDERAL carbon tax, which gets added on to the price of almost anything that uses fossil fuels. With the carbo tax, it would be a hard sell NOT to raise the minimum wage in Ontario if the Federal Government via Justin Trudeau, will use lower prices as a means to justify raising the cost of energy.
In California, on the flipside, Joe Biden hasn’t imposed a Carbon Tax; instead, Joe Biden has used REGULATIONS to limit domestic fossil fuel energy production, which by the way also similarly exists in Canada on the Federal level.
Government regulations and taxes are indeed PRICE CONTROLS; taxes obviously make things more expensive, and regulations tend to limit competition and tighten supply, which results in higher prices and monopolies.
Because the United States doesn’t have a BLATANT transfer payments scheme, you’ll see stark contrasts from State to State, and city to city, whereas in Canada, it’s blatant transfer payment schemes equate to the entire country suffering from bad PROVINCIAL policies.
In Canada, if the Province of Quebec is bankrupt and the province of Alberta has a surplus, the Federal government can take the surplus for Alberta and pay the deficit in Quebec; this financial mechanism doesn’t exist in the United States.
So, in the U.S., you still have a lot more American learning skills that you won’t find the equivalent in Canada. In the U.S., some State schools do very badly, California’s IQ scores continue to drop; however, these problems are often confined to those areas.
So, although a lot of Americans aren’t getting job training, some parents are making sure that their children are prepared for the real world. However, if you’re not lucky enough to have parents who prepare you for the real world, you’re left to learn things based on the current job market or government-run schools, many of which in California and Ontario, Canada, have embraced a modern Left Wing political ideology.
The modern left is fixated on EQUITY and entitlements, which would have validity if students had REAL-WORLD skills, but a lot of young people are going into the job market, unknowingly bringing POLITICS to the private sector.
Politics in the private sector is EXPENSIVE as employers have to adopt political postures in their workplace,, to avoid being fined by the government, which often leads to more employers OUTSOURCING things.
People tend to forget that Amazon is basically outsourcing a lot of things; most of the sellers on Amazon buy their stuff from China, and that entire process equates to certain jobs not even existing.
One of the reasons I imagine California bureaucrats have their fast food council is because you can’t outsource fast food. You can’t outsource fast food but you can restructure it, and fast food could become an indicator of DOMESTIC consumer price inflation.
In Canada, similar to California, housing is an indicator of consumer price inflation; Canada has some of the most expensive real estate in the world, so why? Because of fiscal polices, what keeps inflation down in Canada is foreign exchange markets, which allow Canadians to IMPORT things for cheap because of the STRENGTH of their currency.
But because both Ontario and California are losing their manufacturing via the EXISTING DOMESTIC price control mechanism, you’re seeing the true cost for things in both Ontario and California in the real estate markets and food markets.
Now, why I wrote this post is because minimum wages equate to GENERATIONS of people not learning how to make and manufacture things. Both Ontario and California have dissolved into service-sector economies. California is dependent on its tech sector, which continues to outsource, and Ontario Canada’s manufacturing sector continues to shrink as the COST to produce things in that province continues to get more expensive.
Governments can’t FORCE the private sector to stay in their province or State, and if a private business can’t make a profit, it will leave, which equates to more dependence on the INTERNATIONAL strength of the Canadian and U.S. dollars.
You should be aware that the economy we see and enjoy today is NOT sustainable, so you’d be wise to prepare yourself accordingly.
Interesting times ahead!