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Minimum wage is Not a Living Wage . Canada turning into a Service Nation ! No more real exports

579 views · Published 12 January 2018 · 5:40 · Indexed 28 October 2026

Channel: Mike Martins · 2018 · News & Politics

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My Opinion:  A minimum wage is the lowest wage that an employer is legally allowed to pay their employees. The purpose of a minimum wage is to establish a baseline for the wages that workers can expect to receive, with the intention of protecting workers from being exploited and ensuring that they can earn a wage that allows them to meet their basic needs.

However, the reality is that a minimum wage job is often not enough to support a person's basic needs. This is because the cost of living, including the cost of housing, food, healthcare, and other necessities, has been steadily increasing in many areas of the world. As a result, even if a person is working full-time at a minimum wage job, they may still struggle to make ends meet and may not be able to afford the things they need to live a decent life.

There are several reasons why a minimum wage job may not be a living wage. One reason is that the minimum wage may not be high enough to cover the cost of living in a particular area. For example, in some cities, the cost of housing is extremely high, making it difficult for minimum wage workers to afford a place to live. In these cases, minimum wage workers may be forced to live in overcrowded or substandard housing, or may even be homeless.

Another reason why a minimum wage job may not be a living wage is that many minimum wage jobs do not offer enough hours of work to allow a person to make a decent living. In some cases, minimum wage jobs may only be part-time, meaning that workers may not have enough hours to earn a sufficient income. Even if a minimum wage worker is able to find full-time employment, they may still not earn enough to support themselves and their families due to the low pay.

In addition to these factors, many minimum wage workers do not receive benefits such as healthcare or paid time off, which can make it even harder for them to make ends meet. These workers may also have to pay more for certain necessities, such as childcare, which can further strain their finances.  it is clear that a minimum wage job is often not a living wage, as it may not provide workers with enough income to meet their basic needs and live a decent life. To address this problem, it is important for governments and employers to ensure that minimum wage levels are set at a level that is sufficient to cover the cost of living in a particular area, and that workers are given the hours and benefits they need to support themselves and their families.

Canada is a country with a diverse economy that has traditionally relied on a combination of exports and domestic production to support its growth and development. However, in recent years, the Canadian economy has undergone significant changes, and there has been a shift towards a more service-based economy. This trend is not unique to Canada, as many countries around the world have also experienced a similar shift towards a service-based economy.

One factor that has contributed to this shift is the changing nature of the global economy. The growth of international trade and the increasing interconnectedness of the global economy have led to a greater focus on services as a means of generating economic growth and wealth. In Canada, this has meant that the country has become more reliant on service industries, such as finance, insurance, real estate, and professional services, to drive economic growth.

Another factor that has contributed to the shift towards a service-based economy in Canada is the increasing importance of the knowledge economy. With the rise of the internet and the increasing reliance on technology in many industries, the demand for skilled workers with knowledge and expertise in fields such as science, technology, engineering, and mathematics has grown significantly. This has led to a greater emphasis on education and training in Canada, as well as a growing importance of the education and knowledge-based service industries.

The shift towards a service-based economy in Canada has also been driven by changes in the country's demographics. With an aging population and declining birthrates, there has been a greater emphasis on service industries that cater to the needs of the elderly and those with disabilities. This has led to the growth of industries such as healthcare, social services, and senior care, which have become increasingly important for supporting the needs of the Canadian population.

Overall, the shift towards a service-based economy in Canada has brought about significant changes in the country's economic landscape. While the country's reliance on exports has declined in recent years, to selling homes to overseas investors to maintain an economy .
The growth of service industries has helped to drive economic growth and support the needs of the Canadian population. As the global economy continues to evolve, it is likely that the service sector will continue to play an important role in the Canadian economy.

By Mike Martins

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