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Queenie Wong, Senior Research Analyst
As more provinces consider making a move to a $15 minimum wage, the impact on jobs, especially among youths should be weighed carefully. Over 60% of minimum wage earners in Canada are young people between the ages of 15 and 24.
Past studies have indicated that young workers experience the largest negative employment impact as a result of minimum wage hikes. To make up for the increased wage costs, employers may choose to hire fewer young workers. Employers may even choose to hire more experienced adult workers over young workers for the same wage rate.
CFIB estimates that increasing the minimum wage rate to $15 per hour across all provinces would put at least 184,800 jobs at risk among young workers alone.