Financial Watchdog Warns Liberal Policies to Cause Job Losses Among Youth

September 12, 2017

QUEEN’S PARK – The Financial Accountability Officer, an independent watchdog, highlighted that the government’s proposed rapid changes to Ontario’s minimum wage framework could result in 50,000 job losses among young workers, and potentially more.

 

“The Ontario PC Caucus and I have joined business advocates for months telling this government that they must study the full impact of their proposed minimum wage changes before proceeding with them” MPP Jim McDonell commented. “Instead, the government continues to persevere in an approach that employers warn will result in significant cost-cutting pressures on existing small and medium businesses.”

 

During committee hearings on Bill 148, the government rejected Official opposition amendments that would have required an economic impact study of the Bill before its implementation.

 

“Fifty thousand or more young Ontarians out of work is not an acceptable outcome” MPP Jim McDonell stated. “Employment loss in a job market such as ours, where well-paid and stable jobs are harder to come by, is bound to hamper these workers’ career progress. Reports highlight how the current government’s career support programs have limited success.  The Auditor-General recently found that only a fraction of Employment Ontario program clients were employed full-time at the end of their training.”

 

In fact, when questioned by the media concerning the potential loss of 50,000 jobs, all the Minister of Labour could suggest was for businesses to raise prices instead.

 

“The Liberals need to start listening to experts and employers, who consistently warn about the need to proceed only with great caution and only after a full study of the economic consequences of the government’s planned labour reform” MPP McDonell concluded. “Life is already hard under the Liberals, and they are about to make it even harder for many”.