Ontario government increases minimum wage to $15

Topic by ScarberianMPTGL

ScarberianMPTGL

Home Forums MGTOW Central Ontario government increases minimum wage to $15

This topic contains 27 replies, has 18 voices, and was last updated by Eyeswideopen  Eyeswideopen 2 years, 8 months ago.

Viewing 8 posts - 21 through 28 (of 28 total)
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  • #497386
    +1
    Sidecar
    sidecar
    Participant
    35859

    I take it they are not worried about unemployment?

    “Raising the minimum wage increased unemployment and inflation all the previous time they did it, but this time it will be different…” – said every time they raise the minimum wage.

    Or maybe they need to expand their welfare system to buy more votes?

    It’s not welfare, though. Welfare lays on the backs of the taxpayer. This is buying votes with the monery of potential employers. Which is not quite the same thing. Welfare disincentivizes productivity. Minimum wage laws disincentivize hiring. But politicians still do it because the cost of the votes they’re buying with minimum wage laws aren’t seen in the government budget; they’re seen in the failing economy – which politicians then blame on “the rich”.

    #497410
    Grumpy
    Grumpy
    Participant

    So ….. like ….. $3 U.S?

    (Just kidding). MGTOW Knight said it. Ontario has that ineffective lesbian Kathleen Wynne at the helm, and together with cuckstain Trudope, that’s a bigger problem. Minimum wage + a loonie covers one hour parking at the mall.

    Sheesh, so many insults about my currency <sniffles> you hurt my feeling (yes singular its not a typo)

    As for the rest?
    Well the truth is rarely insulting

    It just means that Ontario companies are going to follow suit with american ones and start replacing people with kiosks, machines and robots. If you’re a $15/hr worker, you should start getting educated on how to repair and service these devices so you have a job when they take your job.

    Already happening in Alberta

    There was a time in my life when I gave a fuck. Now you have to pay ME for it

    #497539
    Beer
    Beer
    Participant
    11832

    If we didn’t have social security, how many people in the country would “really” save that money at the end of every month, every year, until their 65? The amount of people who will do right with that money are very few.

    Agreed. I work in a job where the people in my department literally make 2-3x what the average person makes. I had a guy who will make roughly 130k this year tell me last week that he couldn’t afford to put more than 4% pre tax into his 401k. Single guy, never married, no kids, making 130k a year…can’t afford to save more than 4% pretax lol.

    Baby boomers are the problem here, because so many are retiring at one time, they are taking their money out of social security faster than the new generations can put more back in. So as they keep retiring, the money keeps leaving, and if this trend continues, we won’t have it when we get that age.

    Its not that they are retiring that is the problem, its that over their life time they voted to use social security funds for other purposes and now the next generation is going to pay either with higher taxes, lower return on investment in our SS payments when we retire, and higher retirement age.

    If social security was a 401k what the boomers have literally done is take multiple 401k loans, never pay it back, and then when they want to retire demand the next generation put all that money back for them.

    But for practical reasons, i do think the US government should provide social security because you can trust Americans to take care of themselves and make smart decisions. So i get your point, but without social security, we would end up paying even more tax dollars in government assistance in the form of health care, and regular living expenses.

    It wouldn’t be a terrible program for diversification if it wasn’t so poorly managed in addition to being designed so that the more you pay into it the worse your return on investment is. But yeah, I agree, most people simply would save nothing for retirement and we’d take care of them one way or the other, it just sucks being one of the responsible people looking at social security, how much you pay in, how much you’ll get, and thinking f~~~ if I could just plop that money in an IRA or in my brokerage account instead I’d end up with a ton more retirement income.

    Pretty much if your making 90-100k a year and paying 12k towards SS for 30 years what do you get, like 1800 bucks a month? If you did that same thing and invested it and average 6% a year you’d have over a million stashed away. What if you live for 20 years in retirement? 1800 a month x 12 months x 20 years is only 432k…even with cost of living increases each you won’t get that million out of it…plus the million is still going to be earning you interest in retirement. Let’s just say for the sake of argument, you get 0% on that million after you retire…split it up by month for 20 years and you’d be getting 4166 per month…more than twice what SS pays. Factor in interest/capital gains post retirement on that money and you could easily triple what SS would pay you.

    #497587

    Anonymous
    3

    I know well, since I live in a poor country (at least compared to anything in the West) that raising wages is not that simple, that government says it and from tomorrow everyone earns more.

    Because what is wage? One gets it is exchange for helping the bussiness, to make it simple. So: More help, more money-in theory. On all levels.

    But: That involves efficiency, which is very-very low here, and likely be low somewhere else. I mean, paperwork is disorganized and inefficient within some bussinesses, so buying a small gadget can last months because for example paperwork gets confused. Good work also requires good tools and trained employees to work with. And good employees are fleeeing the country because they can work more efficiently, and so for more money in the west.

    $15 min wage an hour? Our medical doctors don’t get that much…
    Better to not pay it to special snowflakes who are only there to confuse paperworks.

    #497600
    +1

    Anonymous
    3

    It’s a good thing the oligarchs have you guys to watch out for them. The poor might totally take advantage of them otherwise.

    #497643

    Anonymous
    0

    But politicians still do it because the cost of the votes they’re buying with minimum wag

    Righto Sidecar, min wage is a triple vote buy for libs: buying the votes of ppl whose wage MIGHT be raised, buying the votes of ppl who will be laid off and need welfare, and buying the votes of ppl who can’t get hired bc the wage is too high.

    #497649
    Stormtrooper
    Stormtrooper
    Participant
    1080

    Or most restaurants will move to electronic check outs.

    They have those in Japan.

    I will never forget how mind-blowing it was to see how efficiently they run things in Japan. It was 1990s though, but From waste disposal, to trains schedules…. that is one well put together nation and the system they have is quite impressive. I would move there in a New York minute.

    I need to start practicing my Japanese…

    Having a girlfriend is like owning a gun, the longer your around it, the more you want to shoot it.

    #497654
    Eyeswideopen
    Eyeswideopen
    Participant
    2930

    Raising the minimum wage simply eliminates jobs, increases inflation that then downgrades the standard of living of the middle class while providing a convient scapegoat for government – blame the rich.

    A 30% increase in minimum wage means cost of living will crank up 30%- it cost that much more to buy that loaf of bread due to labour costs. In discretionary service industries, like fast food and retail, jobs will be eliminated by kiosks and online retail. These people will transition to social assistance who will also demand an increase to their handout by approx the same % to cope with the cost of living. Good, middle class jobs will not see such an increase and will take a relative pay cut.

    Essentially, this is the heart of socialism and Keysian economics. The equal sharing of misery. Taxes will increase on the remaining middle class to pay for the shortfall, who will look at all the system surfer who are enjoying a relative stress free existence smoking up, drinking, f~~~ing, and having fun and just join their ranks.

    With few working, the government will then institute distraction techniques like universal income to rephrase the paradigm in a more positive light. They will have thus succeeded in creating a captive lemming population that is beholdened to the government teat until SHTF.

    - Marriage is described as an institution. You would have to be crazy to be commited to it. -"If you want to live a happy life, tie it to a goal. Not people or things" Albert Einstein

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