IRE244H1 Lecture Notes - Lecture 2: Ontario Human Rights Code, Mandatory Retirement, Deindustrialization

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Demand for labour: minimum wage policy, non-competitive labour markets, deindustrialization. Supply of labour: labour force participation and hours of work, aging of the population & mandatory retirement, women in the workforce, non-standard work. Macroeconomic policy: rising inequality of incomes, govt fiscal policy. Ontario employment standards act specifies a general minimum wage of . 25/hr. Level: generally about 40-50% of average industrial wage. Coverage of ontario minimum wage: 5% of ontario employees work at minimum wage, 3% of total hours worked, 1. 5% of total earnings. Minimum wage not increased during 8 years conservatives in office in ontario (1995-2002). Ontario liberal govt increased min wage from . 85/hr in 2003 to . 00/hr in 2007 (i. e. 17% over four years) In 2007 anti-poverty groups mounted a concerted campaign to increase the minimum wage to. They argued that at /hr an ee working full-time year round would only earn ,000/yr, (cid:271)elo(cid:449) the (cid:862)po(cid:448)e(cid:396)t(cid:455) li(cid:374)e. (cid:863) [(cid:1009)(cid:1004) (cid:449)ks @ (cid:1008)(cid:1004) h(cid:396)s/(cid:449)k = (cid:1006)(cid:1004)(cid:1004)(cid:1004) h(cid:396)s/(cid:455)(cid:396)].

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