Thursday, June 16, 2011

Minimum Wage

1. As of Sunday, May 1st, the minimum wage of BC has risen from $8/hr to $8.75/hr. In November, it will raise again, to $9.50/hr and in the following year, to $10.25/hr. In my opinion, I am really happy that the minimum wage is higher due to the fact that this will allow employees in British Columbia to increase their wages, and also this increase aborts the infamous training wage. On the other hand, this may cause inflation in prices. Even though an individual gets an increase wage, the prices are gonna increase as well. If wages go up, prices of everything else will go up as well, and will just be back to the stage of where it was before minimum wages were raised.

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