How does the minimum wage increase affect your business?

The BC government confirmed that the minimum wage is going up to $11.35 on September 15th, 2017. This is the first step towards their commitment to reaching a minimum wage of $15 an hour by 2021.

CFIB is anxiously awaiting further details about the government’s commitment to creating a Fair Wage Commission, whose “overarching objective is to get British Columbia to $15 along a planned, responsible path” as quoted in the government’s release on August 16th, 2017. CFIB has already reached out and asked to be part of the Fair Wage Commission. Nonetheless, we will be making a submission to the commission on behalf of small and medium size business owners.

We need your help! 
Let your voice be heard and tell us how you feel about the minimum wage. You can reach out by emailing us at ms.bc@cfib.ca and we will include your comments in our submission.

We often hear concern from our members that raising the minimum wage will actually hurt the individuals that need help. Since when has raising the cost of hiring an employee ever actually benefited the employee?  It hasn’t. In fact, our members tell us a raise in the minimum wage could mean they will have to reduce hours for employees, reduce staff, close their doors, raise prices for consumers, or give less to their community.

Raising the minimum wage is a short term patch for a far more systemic issue.  Governments need to look themselves in the mirror and truly get to the root of the problem rather than putting the burden onto entrepreneurs for a temporary fix. For example, government could:

  • Raise the basic personal exemption threshold; why should anyone earning minimum wage pay any income tax?
  • Focus government resources on those who need it most e.g. Instead of universal daycare, make it income based
  • Expand The Get Youth Working program.
  • Focus on providing skills training, especially to those entering the workforce.
  • Make the cost of living less expensive - freeze the carbon tax.

 

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