Paper Summary:

The paper notes that the question of whether the minimum wage in Canada should be immediately raised to $10 hour, while seemingly a simple question, is actually very complex given the range of possible implications of this decision for labour markets and the Canadian economy. This paper/presentation examines this question from both sides, noting both the potential positive and negative impacts of this decision upon the Canadian economy, unions and workers. It is argued that while an immediate increase in the minimum wage would likely have some inflationary impact upon the economy, history and analyses of minimum wage increases in labour markets suggests this increase will not actually negatively impact employment levels or collective bargaining, and will have a positive consequence in benefitting low wage earners across the country. Thus, the thesis is argued that, in balance, the benefits outweigh the costs of such an increase, and that therefore the minimum wage should be immediately increased across Canada.

From the Paper:

"The question of should the minimum wage in Canada be immediately raised to $10 hour, while seemingly a simple question, is actually very complex given the range of possible implications of this decision for labour markets and the Canadian economy. This paper/presentation will examine this question from both sides, noting both the potential positive and negative impacts of this decision upon the Canadian economy, unions and workers. It will be argued that while an immediate increase in the minimum wage would likely have some inflationary impact upon the economy, history..."

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