IRE244H1 Lecture Notes - Lecture 2: Deindustrialization, Mcjob, Income Distribution
10 Oct 2018
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Document Summary
Ontario employment standards act specifies a general minimum wage, which is generally about 40-50% of average industrial wage. 5% of ontario employees work at minimum wage. Minimum wage policy is a controversial issue in canada. Variety of approaches have been taken by ontario governments over the past couple of decades. Seven policy approaches: over 20+ years from 1995 to 2018 there have been 7 distinct policy periods. Minimum wage not increased during 8 years. Conservatives in office in ontario under premier mike harris. 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 /hr. They argued that at /hr an ee working full-time year round would only earn ,000/yr, below the poverty line. [50 wks @ 40 hrs/wk = 2000 hrs/yr]
