02/13/2018

Ontario Sheds 50k Part-Time Jobs Amid Rising Minimum Wage

Andrew Moran, Economic Collapse News

Are part-time jobs going extinct in the province of Ontario?

In January, the economic engine of Canada hiked the minimum wage 20 percent to $14 per hour. In that same month, Ontario lost more than 50,000 part-time jobs – it only gained 8,500 full-time positions. This means there were 46,100, or 3.4 percent, fewer part-time gigs last month than the same time in the previous year.

Is there a correlation between the minimum wage hike and the evisceration of part-time posts?

Ontario Economic Development Minister Steven Del Duca scoffed at the suggestion, espousing the same old Liberal Party talking points.

Read full article



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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

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  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central July Year-to-Year: 2.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

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