Rising minimum wage could bring hard choices, says business advocate

Singapore News News

Rising minimum wage could bring hard choices, says business advocate
Singapore Singapore Latest News,Singapore Singapore Headlines

About 35 per cent of workers at or below the current general minimum wage are in retail trade, and 24 per cent are in accommodation and food services.

  • 📰 tbnewswatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

THUNDER BAY — Effective Oct. 1, the Ontario government will increase the minimum wage from $16.55 per hour to $17.20, which will impact some employers, a business advocate says.

"Whenever the minimum wage goes up, it means that everybody else wants to see the same increase," Robinson said. "But definitely in these really challenging times when we know that disposable income is not what it was, people aren't spending on extras right now, the way that maybe they have previously because costs have gone up so quickly," she said.

Robinson pointed out that many of these businesses are also trying to pay off their pandemic-era Canada Emergency Business Account loans, which is an added cost that they haven't been dealing with previously.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

tbnewswatch /  🏆 75. in SG
 

Singapore Singapore Latest News, Singapore Singapore Headlines



Render Time: 2025-01-17 10:09:48