On October 1, 2011, the minimum wage in Manitoba will go up 50 cents from $9.50 to $10.00 a hour.
Great news for employees, but not so great for employers. Many small restaurants in Winnipeg strive on paying their employees minimum wage and rely on tips to keep employees satisfied. With the continuous hike of minimum wage, they may be forced to increase menu prices or cut staff.
On the flip side, increasing minimum wage will increase the buying power of minimum wage workers. So in the end, more people in Winnipeg should be able to afford increased restaurant menu prices. I’m in no way an economy major, but that’s my quick analysis on things.
Just last year, minimum wage went up from $9.00 to $9.50. This marks a $1 hike in 2 years.
What do you think?
Minimum Wage Increase Good for the Economy?
- Yes (66%)
- No (34%)