I like to look at both sides of any story and when it comes to a $15 an hour minimum wage, it could be a single mom working for $10 or $10.50 an hour and you really have to feel for that person.
Out here, the minimum wage is going up $1 a year until it gets to $15, so to go from say, $10.50 an hour to $15, it’s going to be tough on any small business. In any business, your biggest expense is going to be wages and this will be a huge hit to the bottom line.
The other thing is if I’m a supervisor making $15 an hour and I’m supervising five or six people making $12 an hour, once they get to $15, I’m not happy making the same wage.
It’s not like I’m making $20 an hour and the person goes from $11 to $15. If I’m making $15 an hour and the people I’m managing are making the same, I say I want more, I need an extra something, so there’s a ripple effect.
It’s not just minimum wage that’s going to hurt small business, whether it’s a restaurant or a golf course in an economy already hurting due to oil prices.
People are legitimately asking what’s next? Will the small business tax go up or are my write-offs going to be taken away?
You feel badly for the small business owners who are making a living, but in the past few years, with all these additional costs that governments are bringing in, they’ve been handcuffed and you have to wonder can they continue to make a living?
The thing I love about Canada is the spirit of entrepreneurship, somebody who goes out and builds something, not just looking for a 9-to-5 job and willing to create jobs for others.
All the risks that entrepreneurs take in starting a news business, creating employment and paying taxes are good for the economy, but you wonder where is the breaking point?
When are we squashing that entrepreneurial spirit?