Has this had an impact on small businesses in bc

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Reference no: EM133565373

Assignment:

TOPIC 1: BC Minimum Wage Increase On June 1st 2023, the BC government raised the minimum wage to $16.75/hour, another increase in a series of increases over the past few years! June 1, 2018 - $12.65 per hour June 1, 2019 - $13.85 per hour June 1, 2020 - $14.60 per hour June 1, 2021 - $15.20 per hour June 1, 2022 - $15.65 per hour June 1, 2023 - $16.75 per hour To find out more about why the province of BC put these changes in place, see this detail on the BC government website.

Minimum wage can be a political hot button issue (check out this article about the political pressures), but beyond that posturing, what do you think? Does the government setting minimum wage thresholds help business? Does it help workers? Are the two things linked? (there is no one right answer, I'm curious to learn from your own or your family and friends' experience as a workers and/or business owners). In making HRM decisions we need to get past the politics and look to actual data and experience about what will attract and retain the workers we need, with the skills we need, when we need them.

Questions to consider: Why did the BC provincial government go forward with putting this wage increase into effect? Has this had an impact on small businesses in BC? (Can you find any good sources on this?) Have these increases helped those working in minimum wage jobs in BC?

Reference no: EM133565373

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