“Minimum Wage Indexing”….doesn’t that sound familiar?

The province of Sasakatchewan
 

So we need to give credit where credit is due. The SaskParty government has come out in support of the IDEA of Minimum wage indexing.
 

Didn’t a former government of Saskatchewan have that idea first? Imitation is a form of compliment right?

The puzzling part of this announcement is not that it is a recycled idea, rather it is that the SaskParty government put indexing on hold in December of 2007 and maintained that hold for the previous 3 and ½ years, yet now, and just before a provincial election, the idea seems much more palatable.  

Call me suspicious, but I too wonder about the whole notion of tying the index to the combination of consumer price index and the average industrial wage. Is this going to be similar to the SAHO exercise of playing with data in order to achieve limited, if any, equity for the worker?

According to this same article, the Minimum wage has risen by 16% since 2008 to $9.25/hr. This fall it will go up by 19 cents. This takes us to $9.44/hr.

"The idea of the annual increment makes it easier for business to deal with," Morgan said. "We think it keeps a worker at the low-end of the income scale up to date with where the inflationary costs might be.'

Stay with me here…

So if such increases are keeping up with the inflationary costs then why over the past 12 years did Canada’s top CEOs salaries go up an average of 444%?

If inflationary rates are good for the goose, why not the gander?