Raising the minimum wage comes at a cost of higher prices

Pressure is mounting on food chains to pay employees decent wages, which will hit consumers at the checkout counter

Raising the minimum wage comes at a cost of higher pricesMany have questioned Starbucks’ recent decision to raise its prices for most of its drinks (including its coveted Venti Lattes) because coffee futures have dropped and overall prices are down 42 per cent from late last year. Clearly motivated by its desire to increase revenue, this hike in prices, regardless of its motive, speaks volumes…

Higher wages do not materialize by government fiat

Want higher wages Ontario? Attract private sector investment

Higher wages do not materialize by government fiatWhenever some group claims that wages can be artificially boosted via government intervention, as one Ontario lobby group recently did, ask them this question: Can boats on a dry California lake float higher without mountain snow-packs first melting into rivers and lakes? If their response is “obviously not,” ask this follow-up query: Then how can…

Alberta wrong to increase minimum wage

Policies based on party dogma won’t solve the province’s problems

By Charles Lammam and Jason Clemens The Fraser Institute The new NDP government in Alberta has indicated it will aggressively increase the province’s minimum wage from $10.20 to $15 per hour over the next three years. There are a number of problems with this campaign promise that is now becoming policy. Ignoring experience and pursuing…

Walmart plan to increase wages an act of brilliance

But fast-food industry – including McDonald’s – won’t be following in its footsteps any time soon

Walmart plan to increase wages an act of brillianceWalmart shareholders were not overly thrilled to learn that the company was planning to increase the salaries of their poorly paid employees in the U.S. Known for its cost-cutting approach and shrewd management methods, the announcement came as a surprise. Given that this soon-to-be-better-paid group includes more than 500,000 people, most of them women, many…