The Minimum Wage in Canada

5:56:00 AM

The Fraser Institute released a new study entitled, Raising the Minimum Wage: Misguided Policy, Unintended Consequences. From the Executive Summary: "[H]iking the minimum wage can do considerable harm, most notably by decreasing employment opportunities among low-skilled workers—the very group the policy is designed to help. By making labour artificially more expensive, increasing the minimum wage may significantly reduce employment among teenagers and other groups of low-skilled workers. Besides reducing employment outright, hiking the minimum wage could lead to a reduction in hours and other benefits (such as on-the-job training) for those workers who keep their jobs."

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