TORONTO—Raising Ontario’s minimum wage to $15 an hour—a staggering 32 per cent increase over the current minimum wage—will lead to job losses across the province for Ontario’s young and low-skilled workers, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Economic conditions are not the same across Ontario, so the negative effects of a $15 minimum wage—namely job losses for young and low-skilled workers—will be more severe in some areas of the province,” explained Ben Eisen, director of the Fraser Institute’s Ontario Prosperity Initiative and co-author of Ontario Enters Uncharted Waters with a $15 Minimum Wage.
