At summer picnic events and canvassing on summer evenings, I’ve taken a lot of questions about the coming increase to the Ontario minimum wage. What will this mean to Toronto specifically? What is the new amount, $15 based on? Is it a meaningful enough increase for Toronto? Will people lose their jobs?
There are multiple scholarly papers out there on the impacts of minimum wage increases on the economy, any economy. I’ve spent the last few evenings reviewing them to try to separate out what we will need to know about Toronto. I was optimistic there would be an ability to write a balanced piece, given the recent release of a report written for the Ontario Chamber of Commerce. Most of the other reports advocated going ahead as soon as possible. Not surprisingly, the report commissioned by the Chamber of Commerce warned against it. By Wednesday, however, the Chamber of Commerce was acknowledging an erroneous assumption in their study that threw all of their findings into question