Professors from the University of Waterloo are available to discuss the news that Ontario will raise the minimum wage to $11 per hour.
The following professors from the University of Waterloo are available to discuss the news that Ontario will raise the minimum wage to $11 per hour, effective June 1.
Professor Thomas Scott, director, School of Accounting and Finance
"The minimum wage increase to $11 reflects inflation since the last adjustment. The question of the appropriate level for the minimum wage remains unanswered. Developing a long-term policy will require an informed discussion with the collaboration of many stakeholders. Focusing on whether this inflation adjustment in isolation is good or bad will distract us from the important issues of economic growth and poverty."
Professor Anindya Sen, Department of Economics
"This is good, efficient policy. The rise reflects inflation since 2010, without hurting business. But increases in the minimum wage cannot be the only means to increase spending power among low-income households. The government must consider other policies that allow minimum wage earners to build their human capital and enhance their well-being in the long run."
Pamela Smyth
University of Waterloo
519-888-4777
psmyth@uwaterloo.ca
www.uwaterloo.ca/news
