Do Minimum Wage Increases Kill Jobs? Look at the Evidence and Judge for Yourself

When it comes to raising minimum wages, the argument of those opposed to the raises is most often that higher minimum wages kill jobs. The argument is straight-forward and makes sense: A higher minimum wage increases the cost of doing business for those employers who hire in minimum wage positions, pushing some of them out of business. A higher minimum wage also makes it less attractive for businesses to hire in minimum wage positions. If this is true, this should  mean that higher minimum wages  result in higher unemployment rate,  everything else being equal.

Statistics Canada just issued a study today (July 16, 2014)  titled “ The ups and downs of minimum wage, 1975  to  2013” where they have collected the historic minimum wage rates, which they have  adjusted for inflation. The data in this study (along with   Statistics Canada’s  unemployment rate statistics since 1976)  makes it possible to  compare unemployment trends  and minimum wage trends over the past 3 decades. So we did just that and produced the chart below overlaying the two data sets.

So does higher minimum wage kill jobs? Does a  lower minimum wage  encourage employers to create more jobs?  Look at the evidence and decide for yourself.

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Vicinity Jobs and Millier Dickinson Blais Partner With the District of Mission to Monitor Hiring Demand in BC’s Fraser Valley

BC’s Fraser Valley is an exciting place. It is growing up and going through an important demographic transformation: Not long ago, its economy was dominated by agricultural businesses. Today it is the place where much of BC’s population growth is occurring. This trend is likely to accellerate in the coming years, and the reason is quite simple: Being right next door to Vancouver and the US, the Fraser Valley has something that Vancouver doesn`t: Sufficient land that can be (and is being) developed to accommodate new businesses and residents.

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Ontario Employers Who Invest in Youth May Be Eligible for a Government-Funded Incentive

Written by Strac Ivanov, MBA, President and Co-founder of VicinityJobs.com

Our community partner Sheridan College just sent us information about a great incentive that the Ontario government offers through its Youth Employment Fund to employers who hire young workers – and Sheridan is delivering the program in Ontario’s Peel and Halton regions.

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Canada’s Economy Lost 54,000 Jobs in October – Primarily in Ontario

From Brittney Windatt and Strac Ivanov  

Following an increase in September, Statistics Canada reports an employment decline of 54,000 in October – all in full time, and predominantly in Ontario.   October’s loss pushed the unemployment rate up 0.2 percentage points to 7.3 percent.

   Continue reading Canada’s Economy Lost 54,000 Jobs in October – Primarily in Ontario

Free Workshop for Toronto Employers Discusses the Challenges of Hiring and Retaining Immigrants

Our community partners at Sheridan College in Oakville have just sent us information about a free workshop for employers that they are hosting in partnership with the Peel Halton Workforce Development Group, titled “A World of Talen at Your Doorsteps”. The workshop’s focus is on recruiting and retain immigrants, in light of the fact that by 2013, immigration to Canada will account for virtually all of the net job growth. Continue reading Free Workshop for Toronto Employers Discusses the Challenges of Hiring and Retaining Immigrants

Canadian Unemployment Rate Declines in May Mask Job Market Weakness

from Brittney Windatt

The month of May brought a 1.6 percent increase in total employment over the previous 12 months, causing unemployment to drop 0.2 percent to 7.4 percent.   But a closer look paints a less optimistic picture: The increase in employment for the month of May was driven largely by a decline in the number of people looking for work and by more people becoming self-employed.   Private sector jobs growth remains weak.
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Canadian Job Market Showed Good Overall Performance in March 2011

March 2011 was largely dominated by bad news for the economy: Most notably the earthquake and tsunami in Japan and the deepening of the Libyan conflict. The disaster in Japan hit Canada’s local economy by disrupting the supply chains of local manufacturers. In Ontario, the impact on the automotive sector was particularly severe. The Honda plant in Alliston, for example, cut production by more than 50% indefinitely, apparently because the Japanese disaster made it impossible for it to source electrical parts that go into vehicles it assembles. The Libyan crisis also lead to some (potential as well as real) disruptions in the oil supply.   Employers typically respond to such signs of uncertainty by placing hiring decision on the backburner until the future becomes more clear (and brighter). So it was quite refreshing to see that Canada’s job market did actually quite well in March.
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Employers Wanted for an Upcoming Job Fair in Mississauga in March

The Peel Halton Workforce Development Group, in partnership with Sheridan College and other government-sponsored employment services organizations in Peel and Halton Regions, are hosting their annual Peel and Halton job fair in Mississauga on March 30th. They are now looking for employers interested in participating in the event.

This event is partially funded by Employment Ontario, so the cost to employers is fairly low – $150 for “virtual” participation and $500 for an actual booth, and provides an opportunity to meet thousands of job seekers. If you are interested, you can find out more at the web site of the event, at:

http://www.peelhaltonjobfair.ca

You can also click here to download an electronic brochure introducing the event

Free Seminar for Employers Looks into the Challenges Involved In Recruiting and Hiring Immigrants

Our community partners at Sheridan College are hosting a free workshop for employers titled “Are you ready? on November 24th 2010, in partnership with the other Greater Toronto Area (GTA) community colleges, including Centennial, Durham, Humber, George Brown, Seneca. This is a full-day workshop, dealing with the challenges involved in effectively recruiting and hiring qualified immigrants. It is designed to help employers to improve their cultural competence by:

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Is Canada’s Jobs Market Recovery Stalling?

On November 5th, 2010, Statistics Canada published the October result of its monthly labour market survey. It seems to indicate that the job market recovery has almost stalled, at a time of the year that is normally be characterized by steady job creation. The Vicinity Jobs hiring demand numbers from October also show that hiring pulled down sharply from its peak a month ago. What is unusual this time around is that other economic indicators – such as stock price indices – point to an overall economic recovery.

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