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.
Continue reading Do Minimum Wage Increases Kill Jobs? Look at the Evidence and Judge for Yourself
Written by Strac Ivanov, MBA, President and Co-Founder of Vicinity Jobs Inc
Economically and politically, October 2013 was a tough month, mired in uncertainty. The US government was shut down for more than half of it, as media was discussing the potential consequences of something most considered unimaginable until only a couple of months ago: A default by the US government. All this uncertainty seemed guaranteed to take its toll on the job market in both Canada and the US: Businesses tend to delay hiring when they are uncertain about where the economy is going.
Continue reading Employment Remained Steady in October but Job Quality May Have Declined
At first glance, StatCan’s Labour Market survey from August paints a pretty rosy picture: Canada’s economy created 59,000 new jobs, and unemployment dropped 0.1 percentage point to 7.1%. But a more detailed look reveals some less encouraging details.
Continue reading Is Canada’s Job Market Stuck in Neutral?
In the competition for top talent, social media is all the rage nowadays. Employers no longer can afford to ignore LinkedIn, Facebook, Google+, and Twitter. Virtually all working age Canadians are now online (95% of those aged under 55, according to an Ipsos Reid poll), so the Internet is the obvious place where you can connect with people.
62% of all Canadians use social networks, 86% of them have a Facebook profile, and most log in at least weekly. So how do you reach them? Just set up a profile on LinkedIn, Facebook, Google+, and Twitter, then invite the whole world to follow you or become your friend. Then start posting links to your jobs. Right?
Continue reading Recruiting through Social Media: What Works and What Doesn’t
Until March, Statistics Canada’s reports were painting a pretty rosy picture of Canada’s job market. In my blog posts from the past few months, I wondered where the employment growth was coming from. Last month, I suggested that Canada’s employers may be simply delaying layoffs to see where the economy is going. We (Vicinity Jobs) recorded a weak hiring demand levels since last October, and I predicted that unemployment will start creeping up again in the very near future unless the economy turns around. In March, Canada’s economy lost 55,000 jobs, and unemployment increased 0.2 percentage points to 7.2%.
Continue reading The Tough Economic Reality Caught Up with Canada’s Job Market in March
By Strac Ivanov. M.B.A., President and Co-Founder of Vicinity Jobs
It never fails to amaze me how many employers are willing to pay close to $1,000 to post a single job on someone else’s web site, yet use technologies that make jobs advertised on their own web sites virtually “invisible” to the web. Many of them may not be even aware of the fact that the jobs they advertise on their web sites are off limits to search engines. Having your postings inaccessible to search engine crawlers means that you are missing out on a huge free opportunity to reach job seekers.
Continue reading Why Job Postings on Your Web Site Should Be Accessible to Search Engines
On Friday, March 8th, Statistics Canada reported that Canada’s unemployment rate remained unchanged in February at 7%. The economy created 51,000 jobs, but the increase was offset by a corresponding increase in the number of people looking for work. February was supposedly a good month for those looking for work in the hospitality industry and in the professional services industry, but a bad one for manufacturing industry workers.
Continue reading Manufacturing Job Declines Offset by Job Growth in Service Sectors in February
How easy is it for job seekers to find information about job openings on your web site?
Many companies hide information about their job openings deep in their corporate web site structure. Candidates are often expected to go through the “About Us” page, then read about the company’s culture and why it is such a great place to work, before they get to the actual job postings.
Continue reading Why Hiding Job Postings Deep in Your Corporate Web Site Is a Bad Idea
We hear quite often in the news about employers having difficulties finding suitable candidates for certain positions. But are they using the right tools and channels to make sure they are reaching out to the right candidates? In my experience, the answer is usually “no”.
Continue reading Is Your Job Advertising Approach Working: 4 Simple Questions to Ask Yourself
by Strac Ivanov, president and co-founder of Vicinity Jobs Inc
After defying economic gravity for a couple of months, Canada’s job market seems to be coming back to earth.
Continue reading Gravity Prevailed On Canada’s Job Market in January 2013