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In recent months, there has been a lot of public debate about a minimum wage increase. Some groups say that hiking the minimum wage to $15 an hour would support low-income workers, but they’re not considering the impact it’s going to have on your ability to grow your business and the economy as a whole. We do. That’s why we are firmly against it and are proposing other alternatives to help low-income workers.
The worst has been avoided but small businesses will need support!
We defended your position in all forums and your representatives heard us loud and clear! The government announced a successive increase in the minimum wage over four years, which aims to better support low-income workers without, however, undermining the competitiveness of Quebec businesses and their ability to pay. As of May 1st 2017, the minimum wage will increase to $11.25/h, up 50¢, and to $9.45/h for workers with tips. Small businesses can rest assured that they have avoided the worst. We will now be fighting for a reduction in payroll taxes, which would offset the costs of an incremental increase that will bring the minimum wage to $12.45 per hour in 2020.
Let’s be clear: do we think that low-income individuals should receive better support?
Of course we do!
Is hiking the minimum wage the best way to do it?
A large, rapid increase in the minimum wage could actually have a negative impact on low-income workers, on you, and on the economy as a whole.
A Win-Win Solution To avoid these harmful effects on the economy, we are proposing other ways to support low-income individuals, such as an increase in the Basic Personal Exemption for full-time workers. This win-win solution would help:
CFIB in action!
In order to ensure that the SME perspective onthis issue is heard and promote our stronger solution for supporting low-incomeworkers, we have:
We invite you to read them and to read ourreport entitled, "Minimum Wage: Reframing the Debate."