The idea that raising the minimum wage will drive up the cost of labour, force businesses to close and cost people their jobs is largely a myth, according to the work of economist Jim Stanford. The Unifor economist co-authored a report for the Canadian Centre for Policy Alternatives that looked at more than three decades of data from 10 provinces, using seven measures of employment and unemployment, and concluded the theory just doesn't hold up.
"In all of those studies, in 90 per cent of the time, we found no connection at all between minimum wages and labour market outcomes, and the remaining 10 per cent of the times, we did find a couple of cases where it was negatively associated, and we did find a couple of cases where it positively associated," Stanford said. "The overwhelming finding is there's no connection at all. In other words, it's a wash. Whatever negative impacts on the employment decisions occur because workers are more expensive is offset by the fact you get better retention, higher productivity and stronger consumer spending."
Click here for the full article at the Delta Optimist





Announcements
Job Offers
- Commercial Manager Spain
- Crop Farm Manager Sharjah
- Commercial Manager Soft Fruits
- Assistant Nursery Manager - Tasmania, Australia
- Tissue Culture Lab / Operations Manager - Victoria, Australia
- Irrigation Manager - Tasmania or Victoria
- Chief Executive Officer Hortifrut IG Berries
- Head of Operations - Dubai, United Arab Emirates
- Greenhouse grower / production manager - Brazil
- Experienced International Trade Specialist
"Tweeting Growers"
Top 5 -yesterday
Top 5 -last week
Top 5 -last month
"No connection at all between minimum wages and labour market outcomes"
Canada: Minimum wage myths
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-07-01 Import tomatoes with good image form challenge for desert growers
- 2022-07-01 Hydroponics cultivation growing fast in India
- 2022-07-01 Bulgaria: Discussion on innovative food started
- 2022-07-01 UNIDO and Slovenia sign a roadmap for cooperation
- 2022-07-01 Ecuador: Non-oil export losses amount of $85 million in 16 days of strikes
- 2022-07-01 Supermarket shortages could worsen as Australian growers brace for rain
- 2022-07-01 US to give temporary work visas to 150,000 migrants in Mexico
- 2022-07-01 GLOBAL OVERVIEW TOMATOES
- 2022-07-01 Tomatoes rot as buyers refuse to travel on Ghana’s poor roads
- 2022-07-01 Chemical shortages hamper US growers
- 2022-06-30 Watchdogs raise concern about lack of post-Brexit import controls
- 2022-06-30 Tomato cultivation increased by 29.5% in the Argentine province of Mendoza
- 2022-06-30 Building a resilient agriculture industry after the Ukraine invasion
- 2022-06-30 "Many berry producers from Huelva are considering abandoning their crops"
- 2022-06-30 "Morocco is no longer competitive solely on price"
- 2022-06-30 More and more UK citizens are growing their own fruit and veg
- 2022-06-30 Peaches, nectarines and cherries were among the sweetest deals this week
- 2022-06-29 May saw many ports recording record numbers of imports as backlogs and arrival delays were largely resolved
- 2022-06-29 Sunnier days welcome for mini cucumber growers
- 2022-06-29 Yongor: Uncertainty makes the advantages and prospects of horticultural planting increasingly apparent