We’ve raised minimum wage several times in Alberta (and other Canadian provinces). Each time the business community predicts dire consequences — and each time, the consequences don’t seem to manifest themselves.

My hypothesis is that giving a raise to the working poor class puts more money in the local economy; the working poor buy more things locally. This then stabilizes the employment situation for other working poor in the locality.

But give a manager a big raise, he just spends it in a Caribbean resort or buys sports car. Money exits the local economy pretty quick.

Dave Volek is the inventor of “Tiered Democratic Governance”. Let’s get rid of all political parties! Visit http://www.tiereddemocraticgovernance.org/tdg.php

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store