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Fraser Institute warns of job losses

Editor, The Times:

Recently the B.C. government announced it was going to increase the minimum wage, which has not been adjusted for almost a decade. In response, the Fraser Institute warned that the increase in the minimum wage could result in 50,000 job losses. Their spokesman cited data from numerous economic studies to back up the claim.

With all this persuasive information at their fingertips, I was surprised the Fraser Institute did not make a case for setting a much lower minimum wage. If the wage was set low enough, wouldn't B.C. then be able to compete with China and India for manufacturing jobs? Why not go a step further. If the Fraser Institute cut the salaries of their staff in half, then they could employ twice as many researchers and double their output of economic warnings.

Lloyd Atkins

 

Vernon, B.C.