Minimum wage increase lowers employment: CFIB

10-per-cent increase across country would lead to hiring freezes, 321,000 lost jobs

 A 10-per-cent increase in the minimum wage across all provinces could cost the economy up to 321,000 jobs, according to the Canadian Federation of Independent Business (CFIB). Using data from Statistics Canada, Minimum Wage: Reframing the debate found job losses in the form of hiring freezes, slower employment growth or direct job cuts could total anywhere from 92,300 to 321,300 jobs.

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