Estimating the Economic Impact of British Columbia's Minimum Wage Increase

Printer-friendly version

On March 16, 2011, British Columbia Premier Christy Clark announced her first major policy change, a $2.25 (28.1%) increase to BC?s current $8.00 per hour minimum wage. Controversy surrounds minimum wages because of the tension between well-intentioned efforts to increase incomes for lower income workers and the unfortunate reality of significant economic costs that come with increasing the minimum wage. A general misunderstanding of the types of workers who earn the minimum wage fuel that controversy. This Alert aims to provide British Columbians with an up-to-date account of these realities and an estimate of the economic costs of the recently announced increases to the province?s minimum wage.

More from this study

Subscribe to the Fraser Institute

Get the latest news from the Fraser Institute on the latest research studies, news and events.