Canada: $15 minimum wage worries small business
Small business, restaurant and retail industry groups met with Alberta's new NDP labour minister Thursday to fight against a proposed $15 minimum wage.
Premier Rachel Notley has said she plans to raise the minimum wage from $10.20 to $15 by 2018. Industry representatives warn the increase could have unintended effects on the economy.
Richard Truscott, vice-president, Alberta and British Columbia, for the Canadian Federation of Independent Business, said a wage increase could cut into the slim profit margins earned by small businesses.
"When you add 20 to 30 per cent in terms of overall wage costs, increase that minimum wage by almost 50 per cent for those service-based businesses, it's very hard to eat those costs," he said.
The Retail Council of Canada would like the government to assess the impact on the economy each time the wage goes up.
Prairie director Lanny McInnes said about two per cent of sales clerks...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin