The Herald reports:
Labour MP David Clark has admitted he doesn’t know how much it will cost employers if the minimum wage is raised to $15 an hour, despite sponsoring a bill to do just that.
Of course not. Why worry about the cost!
I supported the Mondayisation bill as the impact on wages was minimal – around 0.2%, and it was standardising the practice of Mondayisation. An 11% increase in the minimum wage though is exponentially larger, and is calculated to cost around 6,000 jobs. That is too much in one go.Tags: David Clark, minimum wage