How much is server minimum wage in Ontario?
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This ratio should be at least 3.0 so the minimum wage could set off spontaneous random diffusion of employee’s human capital. | |
The minimum wage confers more money income on low‐skilled workers and creates some distortion in the optimum combination of wage rate and effort level. | |
16 Citations | We also present simulation results which suggest that, even without any negative employment effects, planned increases in Ontario’s minimum wage will lead to virtually no reduction in the level of poverty. |
In this setup, there is no room for a minimum wage. | |
The paper evaluates the impact of the minimum on the earnings distribution and concludes that the burden of the minimum wage falls most severely on females. | |
For workers aged 19-21 and 22-24, we find less consistent evidence of minimum wage effects on earnings and employment. |
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