Raising the minimum wage obstructs an efficient labour market, according to those who profit from an efficient labour market. Like Groucho Marx insisting wages will turn his employees into wage slaves, many companies won’t raise salaries unless the government mandates it. Illustrative of that acquisitiveness, McDonald’s recommended their employees save money by foregoing heat and health insurance. Comparatively, B.C.’s $10.25 minimum is reasonable, but Vancouver’s living expenses are definitely not.
