SOWK 3100 Lecture Notes - Lecture 4: Real Gross Domestic Product, Labour Force Survey, Employment And Social Development Canada
Document Summary
Class overview: labour market definitions and trends, key concepts, productivity, labour utilization, gdp per capita. Intended audience: provincial governments across canada as they are responsible for setting the minimum wage. How does it define the problem: root problem= inequality, authors think raising the minimum wage will actually increase inequality. Not hear from: minimum wage workers, those who would benefit from raising the minimum wage, we hear from educated, upper class professors who most likely get paid far more than the minimum wage. Who pays: tax payers, those working for minimum wage as well as any family members they may be supporting, employers who are heeding employee demands. Who benefits: canadians earning minimum wage living in households above the low. Inequality in pay leads to inequality in lifestyle and may affect every aspect of a person(cid:495)s life. Increase the working income tax benefit is a better option than raising the minimum wage benefits as their incomes increase.