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Minimum Wage Analysis

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Minimum Wage Analysis
. While reading this document, it is understood that the social benefits to the minimum wage increase is valuable for families, and it will profit this province as a whole. Economic aspects that further exhibit the advantage of increasing the minimum wage include assisting many who have buried themselves in debt a chance to escape with freedom, and persuades lower income workers to be less reliant on public services. Lastly, the political factors which reveal continued advantages to increasing the minimum wage in Ontario are justice for hard employees who surrender all their time and barely get an adequate money supply, as well as defending many Ontarian workers from negligible income gains. Therefore, as a result, minimum wage should be …show more content…
"Ontario is falling behind the rest of Canada in terms of growing poverty, increasing inequality and flagging financial support for vital public services" (Flannery, 2012). This shows that Ontario is struggling with growing poverty. With a minimum wage increase, Ontario's financial insecurities will be lessened in the province. This will help support families across the province fight financial hardship. For Tom Cooper, director of Hamilton Roundtable for Poverty Reduction, the report findings of the joint effect of more than 90 labour and community groups that call themselves the Ontario Common Front, call for an increase in the living wage (Flannery, 2012). This quote shows that a demand for an increase of the living minimum wage should be one of Ontario's top priorities. That a majority of groups believe it is just for an increase for hard working people. "The finding that more and more people are working for less, Cooper, the director of Hamilton Roundtable for poverty reduction, calls for an increase in the living wage" (Flannery, 2012). This is a sign that shows the minimum wage should be increased because people are accepting this low paying salary. People have to fight for higher wages in order to get by in this tough economy, which we live …show more content…
"Workers earn 19% less, with women being at a particular disadvantage, earning 29% less" (Flannery, 2012). This quote is explaining that women nowadays are getting paid less. Many women do not work; many are stay-at-home moms who take care of their children. It is a disadvantage for many women because they are doing the same quality work but not getting paid as much as men do. Women's wages need to be on the rise due to the fact that their job titles carry many responsibilities. "A higher minimum wage is one of the several steps towards a higher- wage economy that acknowledges the contribution and value of Canadian workers" (Murray, Stuart; Mackenzie, Hugh, 2007). This quote goes into detail about if wage were to be increased we would be ranked as a high class economy. And this move would show the Canadian workers of Ontario that we value their hard work which they contribute. "Increasing the minimum wage benefits all low- wage earners. It helps those who earn between the current minimum wage and the new higher wage. It helps those who are paid close to the level of the new minimum wage" ( Murray, Stuart; Mackenzie, Hugh, 2007). As we analyze this quote it explains that this move would benefit the low wage earners or those who earn the current or higher minimum wage. It is evident that increasing the minimum wage has many potential benefits which is great

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