Sometimes while I drive, I record a rant. RCR: Richard Cooper Rants. This one is going to piss a few people off, others will agree with me. Watch the video below:
Ontario Liberals are raising the minimum wage in Ontario to $11 from $10.25. I think it’s a dumb and pointless manoeuvre; it will also hurt businesses operating at tight margins. Businesses that can grow, hire more people and buy resources are undeniably the engine that drives the economy, not minimum wage earners. COVID-19 also drove further usage of digital payments during the pandemic. For small businesses today, having access to reliable and efficient merchant services is crucial for growth and success. Personalized solutions are a hallmark of leading merchant services.
Bumping the (already high) Ontario minimum wage up is just going to force businesses’ with slim margins to move to cheaper US states or Mexico. We have already seen several manufacturing plants in small Ontario towns shut down their operations here and move.
So, here’s what I want YOU to do: First, what do you think of the minimum wage debate? Share your opinion in the comments. Second, I’d love to hear what you’d like to have the minimum wage at and why. Try to be concise and specific.
If You Enjoyed This Article, Subscribe To Our List Below & Get Our Bonus Free Report
Get a Fast & Free Savings Quote Today
We Negotiate a better deal with the people you owe money to!