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The Impact Of Raising Minimum Wage In British Columbia

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The Impact Of Raising Minimum Wage In British Columbia
The findings of this paper suggest that people want to live in a fair and equal society, where people have the ability and means to support themselves and their families, and a way to do this is through policy change, including raising minimum wage. Although there are negative impacts to do with this change, the positive ones outweigh them. As Anita Huberman, the CEO of the Surrey Board of Trade said, “If you invest in your human capital, and you pay them a good wage, you’re going to be more productive and produce more for the bottom line of that business” (Boynton, 2016). British Columbia is on its way to reducing income inequality as its minimum wage of $10.85 an hour is set to rise to $11.25 an hour on September 15th, 2017, which matches the national average of minimum hourly wage in Canada. Moreover, my initial opinion on this topic remains the same that I believe raising the minimum wage in British Columbia is a good thing however it is now supported by compelling evidence and statistics.
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