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People started to complain and wanted to raise minimum wages to catch up with inflation and increasing living costs.
Living costs could be due to rising prices of food, products, rents, taxes, gasoline prices, utility cost, etc.
Getting minimum wages increased seems to be the easiest solution. Government only needs an hour to announce this.
* There have been many businesses moving to Asia and nations with lower wages. Thus raising minimum wages would magnify this issue, i.e. jobs loss to over sea. People have been demanding jobs creation, but they didn't realize that our wages made us uncompetitive.
* Lower living costs would be a better option. However this would require a lot of work. That's why governments had picked "increasing minimum wages and many people were happy." By keeping same wages, we didn't lose our competitive in terms of labor costs. However we have to keep up with education and skills training to compete with lower wage sources.
* Don't ever say that we'd get higher paid jobs for higher salaries. Where are those jobs? Back to earth.
* We're in TPP, i.e. lower wage's labor forces are in.
* There is one thing about business that we must understand, i.e. they're working for profits - not a charity organization.
-> Business has shareholders that required profits and good earning numbers.
-> Executives must deliver this to shareholders, otherwise they'd lose their jobs.
-> Shareholders used their own money for business. If you're complaining about "money oriented by business people", you should open a business, and then you'll be the same.
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In free trades with CETA, we are confident to compete with western Europeans as their salaries high and longer vacation, i.e. their labor forces are expensive as compared to Canadians.
Living costs in Europe are twice as ours, thus labor forces required higher salaries.
Of course, Europeans could do like us by lowering vacation days and tried to lower living costs.
We won't go in the same path as Europeans, because we wanted to be competitive. Our wages are already high as compared to many nations. We don't want to widen gaps in salaries.
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