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Minimum wage rise to collapse economy?

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Hey, if our economy depends on keeping tens of thousands of workers toiling in poverty, I say, let it fall! It ain’t working for us!

The Metro grocery chain is the latest outfit to proclaim that the sky will fall if the proposed Ontario min wage rise goes forward. OMG, it’s gonna cost Metro up to fifty million a year!!!

Hmm… fifty million on sales of 12 billion. A little elementary math tells me a cross-the-board price hike of less that .5% would bury the 50 million.

You or I won’t notice a .5% increase in our grocery bill. That’s an extra fifty cents when you spend a hundred bucks. If fifty cents upsets your weekly grocery budget, your already getting your groceries at the food bank.

Metro’s sacred net profits will be unscathed. All the other chains will be subject to the same minimum wage, so there’s no competitive disadvantage.

Tens of thousands of their workers will notice a real difference in their take-home pay.

How is this even cause for debate?

Come on, Metro, don’t be such tightwad bastards!

Celebrate the fact that you’ll finally be paying you employees a living wage!



Source: http://theviewfromfallingdowns.blogspot.com/2017/08/minimum-wage-rise-to-collapse-economy.html
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