Toronto, September 12, 2017 – Today’s Financial Accountability Office (FAO) report reinforces the need for the Ontario government to halt its reckless $15 minimum wage plan and conduct an economic impact analysis and fulsome consultations before taking any further steps.
The FAO’s commentary confirms what CFIB has been trying to get through to government: This policy will result in job losses and disproportionately hurt young Ontarians.
We agree with the FAO: Minimum wage hikes are not the best way to reduce poverty. We encourage the Ontario government to step back and take the time to find a solution that actually addresses the problem, without putting 50,000 Ontarians’ jobs at risk, predominantly those of teens, young adults, and new immigrants.
To arrange an interview with Ontario Director of Provincial Affairs, Julie Kwiecinski or Ontario Senior Policy Analyst Ryan Mallough, please contact Andy Radia at 647-464-2814, or public.affairs@cfib.ca.
CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members across every sector and region, including 42,000 in Ontario.
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