A small business lobby group says it has new data that shows one in four Alberta businesses will lay off employees as the minimum wage creeps higher.
The Canadian Federation of Independent Business released new survey results today that casts more doubt on the province’s move to a $15/hr minimum wage. When business owners were asked what actions they’d take to cope with the increase, 26 per cent would reduce the hours of staff, and 26 per cent would cut down on the number of employees.
89 per cent of those asked don’t think there should be minimum wage hikes during economic downturns.
The CFIB’s Amber Ruddy says the group wants evidence from the Notley government that this minimum wage policy won’t kill jobs. The survey was conducted across Canada from June 13th to August 9th , and received over over 1,000 responses in Alberta.