Minimum Wage: Pulling the Thorns From a Prickly Debate
The Conference Board of Canada, 12 pages
July 5, 2022
This issue briefing addresses the debate over the setting and perceived impact of minimum wage increases and suggests some simple benchmarks.
- Research finds that the impact of minimum wage increases on poverty or employment levels are relatively unexceptional.
- Minimum wage levels have seen steady increases relative to average wages, but changes are often erratic.
- Limiting adult minimum wages to 50 per cent of average incomes brings more certainty for employers.
- Creating a graduated wage scale for teenagers could also help ensure that wage levels are set in step with their developing work skills.
Table of Contents
Where Things Stand
Tale of the Tape
Opposites Don’t Attract
The Best Time Is Now
Options for Targeting
Set It and Forget It: Adopting Simple Benchmarks