| | Kirmit said "Take it from the very top, by the billionaires who offshore their assets to avoid paying taxes, and people like these billionaire Tim Horton franchise owners who can’t afford an additional $2 per hour but who have an estimated net worth of $1.4 Billion dollars. Put it another way, that is one thousand-four hundred-Million dollars. The private helicopter at their Florida home (described in the CBC article) and the private yacht explained in another with an original price tag of $40 Million (with alleged sexual assaults taking place on them) explains it all. All of this explains to me that these people have way too much, that they never earned it, and that they do not have the moral compass to keep it. It is interesting to continually hear about all of our local defenders of this and find it ridiculous, where these people somehow get the nerve to call these business owners success stories of "marginal businesses who cannot afford to pay a living wage" and they are out blowing $20 million dollars on the depreciation of their newly purchased yacht. It disgusts me, and I think it should disgust you. Edited by Kirmit, 2018-01-07 11:53:32" |
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I think you make a good point about someone who has a large net worth not being able to absorb, at least to come degree, the changes that have been enacted. But those people are actually fairly few and far between. I mean, the average business owner isn't like that, it's like farming in that on paper it might have a lot, but in actual cash flow they don't really have a lot of cash.
There was a real interesting guest on Cross Country Checkup on CBC Radio One this afternoon. It was a business owner in Thunder Bay (I think he did some sort of reno work/contractor) who pays over minimum wage, and employs 25 people. To remain competitive, even though he pays above minimum for a trained employee, he's basically given all his employees a raise to keep pace with what he pays over minimum. It basically works out that he gave everyone a 22% raise, not including the additional deductions and benefits he'll have to remit to the various levels of government, just to keep his same employment standard.
Based on this change, he either has to generate $500K-$1M in new contracts this year, or he'll be laying people off come next increase (or at the very least, letting jobs go to attrition). It's going to impact him because with less staff, he's not going to be able to do as much work (less contracts), and will have to do more of the work himself, which will impact his own work/life balance.
He's all for incremental wage increases - he makes a point of paying his employees reasonably well and recognizes wages must increase. But how is he, as a business owner, supposed to project back in 2014-2015-2016 that he would need to pay his employees 22% more in 2018 just to remain competitive?
Those are the sorts of people I think have a valid argument for opposing such a drastic increase in such a short amount of time.