Half of minimum wage earners in Ontario work for large corporations.
Raising minimum wage could rescue the economy — CBC
As I was rooting through Rabble, a tiny gem of wisdom twinkled from way at the bottom of a comment by a character called fortunate: “Again, may not be a huge deal for a large company, but for a mom and pop convenience store running 24/7, it will add up, and mom and pop will be staffing the front counter more hours per week, and sending the employee home with less hours per week.”
He gets it.
Large corporations love minimum wage increases because they will always be able to survive the economy. Small businesses operating at the margin get bought by large corporations or go under.
Minimum wage increase legislation is an astonishing socio-economic phenomenon because it plays on the stupidity and selfishness of the common socialists to gain popular support but the effect is the exact nightmare feared by socialists: ever increasing concentrations of property ownership in the hands of a rich elite.