Democrats Rage as $15 Minimum Wage Effort Fails: ‘Despicable, Unacceptable’
(www.breitbart.com)
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Minimum wage is a scam. It's far better to let the market decide the price of labour, there would be more work for everyone.
People like to bitch about how low the minimum wage is in certain states in the US, but the US traditionally has had the most opportunity for economic mobility.
Labour is like any other commodity, its value dictates its price. If you don't learn a skill and expect to earn a 'living wage' flipping burgers, I have bad news for you - that skill is not worth much and thanks to minimum wage laws, will likely be automated until those jobs barely even exist anymore. Congratulations big government!
IT was sexy back in the day because the skills weren't as common and the infrastructure required expansion (the Internet IMO was the ''final frontier"), but the market has recognized this and now there are tons of people from India/China/etc willing to do the work for less. Jobs are less plentiful too, as 20 years of business analysis and efficiency programs have worked to automate as much as possible to reduce overhead. I have seen these things firsthand.
That said, it doesn't have much to do with minimum wage, which is simply a form of price fixing. It favours the monopolization of the service industry by artificially putting small business at a disadvantage. If I want to moonlight as a cashier or a casino dealer or w/e, I should be allowed to negotiate my own hourly wage with my employer.
Importing unskilled labour will likely result in more welfare recipients as Canada's economy is trash thanks to government's anti-resource agenda. I get your point about flooding the market with cheap labour but I do believe in borders and restricting access to our country. While most economies are mixed, it is harder to push toward a more 'free-market' style when we have a welfare state as the immigrants know that if they fail to compete, they can just sit on the benefits.
Canadians are subsidizing cheap foreign labour by providing benefits and handouts for immigrants and that is definitely not a free market concept. When the European settlers came in the 19th/early 20th century, there was no safety net. Their success came from their own hands. When you get right down to it, that's what we are missing today.