Should increases to Ontario’s minimum wage be tied to the cost of living?
Minimum wage is something that maintains the stability of a states economy. Minimum wage is regulated by the provincial government where the most minor of changes creates an exponential ripple effect through both local and international economies. A minimum wage is the wage that is able to provide not only for bare physical needs but also for preservation of efficiency of workers plus some measure of education, health and other things. Like it’s stated above, minimum wage has ties to many other things other than income, such as: education, healthcare, economic statuses and stability, worker efficiency and overall family life. Cost of living is the level of prices relating to a range of everyday items. Left unrelated, the impact of Ontario’s minimum wage not being coupled up with its cost of living can leave not only the economy in detriment, but other social factors as well including, education, healthcare, economic statuses and stability, worker efficiency, family life also increasing the chance of riots, revolutions and in an extreme situation, wars. Minimum wage is one, if not, one of the most crucial aspects of a country in order to maintain adequate levels of stability of a country or state.
Minimum wage is the lowest hourly wage an employer is legally permitted to pay an employee. Most employees are eligible for minimum wage, whether they are full-time, part-time, casual employees, or are paid on hourly rate, commission, piece rate, flat rate or salary. There are several different classes, which determine what minimum wage you will be entitled too. These classes are: General Minimum Wage, Liquor Servers Minimum Wage, Hunting and Fishing Guides Minimum Wage and Homeworkers Minimum wage. General minimum wage is the rate that applies to most employees- be it servers, mechanics, technicians etc. presently earn $10.25/hour which is being changed to $11.00/hour as of June 1st, 2014. Student wage is the hourly rate a student (18 years or under) who work 28 hours a week or less either during the school term or during a break such as summer or winter break. The student hourly wage is presently $9.60/hour and is set to increase to $10.30/hour on June 1st, 2014. Liquor servers’ minimum wage is the hourly rate, which applies to employees who directly serve liquor to customers or guests in licensed premises as a regular part of their work. Licensed premises are businesses, which have been issued a license or permit issued under the Liquor License Act, which allows an establishment to serve liquor. Liquor servers presently make $8.90/hour and as of June 1st, 2014, $9.55. Hunting and fishing guides minimum wage are based on blocks of time instead of...