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steve_hanke's profile
Prof. Steve Hanke
Prof. Steve Hanke
Prof. Steve Hanke
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@steve_hanke

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Prof. Steve HankeVerified account

@steve_hanke

Economist @JohnsHopkins | Sr Fellow & Director #TroubledCurrencies Project @CatoInstitute | @NRO | FX & Commodity Trader | Reagan White House | Views are my own

Baltimore & Paris
bit.ly/SHH_Cato
Joined October 2012

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    Prof. Steve Hanke‏Verified account @steve_hanke 9 Feb 2018

    Ontario raised the minimum wage 21 percent to C$14 ($11.26), making it the highest in Canada. The result? The largest part-time job loss in Canadian history plus the highest total job loss since 2009. The fight for 15? More like the fight for unemploymenthttps://www.zerohedge.com/news/2018-02-09/oh-canada-part-time-jobs-crash-most-history …

    10:21 AM - 9 Feb 2018
    • 82 Retweets
    • 118 Likes
    • Cheyenne Hunt Mark Montpetit Joseph Farnsworth Carlos Fermín John Cashman reverse the rot Lakshey Jamrani Ronald J Frigon Troy Hattala
    14 replies 82 retweets 118 likes
      1. VINCENT O.O. OUMA‏ @voouma 9 Feb 2018
        Replying to @steve_hanke

        Why do governments keep on repeatin that grave mistake ??

        0 replies 0 retweets 1 like
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      1. Krypto Maus‏ @Krypto_Maus 9 Feb 2018
        Replying to @steve_hanke

        I think we should reduce minimum wage to what it was 20 years ago.. Minimum wage should never have been allowed to go more than $5/hour! That’s why we have all this unemployment now, it’s never been higher! Even $8 is ridiculous!

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      1. Ryan Kaye‏ @MagicMonkeyR32 9 Feb 2018
        Replying to @steve_hanke

        Don’t pay more, minimize living costs, Ontario wants to mandate mortgages, housing and pay, but not anything they actually control, like hydro, insurance, taxes, carbon tax, but I bet 2% drop in all those fees, would be more than the min wage jump in peoples pockets.

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      1. JEFF‏ @YouTubeJEFF9K 9 Feb 2018
        Replying to @steve_hanke

        Like FDR said, any company that can't pay a living wage doesn't deserve to be in business.

        0 replies 0 retweets 1 like
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      1. Guido Cimoli‏ @Guido_Ci 9 Feb 2018
        Replying to @steve_hanke

        Well , in place since one month , need to see long or at least mid term effects. A short term analysis does not sound too scientific. Ah well .. it's economy not science..

        0 replies 0 retweets 1 like
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      1. CryptoFont‏ @CryptoFont 9 Feb 2018
        Replying to @steve_hanke

        New #binance pump group! Make quick #money by boosting the #exchange! Join our #Discord now! We will not start pumping til we reach 2k+ members in this group.https://discord.gg/A8WZbxC 

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      1. M.C. McCallum‏ @90trades 10 Feb 2018
        Replying to @steve_hanke

        The wage increase was only one part of Bill148. Also added were loads of paid vacation days, maternity/paternity leave extended , making it crazy to hire an entry at the entry level. Discriminates disabled adults making it extra hard to justify hiring DA workers.

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      1. standard_and_ poor‏ @S_AND_P 10 Feb 2018
        Replying to @steve_hanke @90trades

        Markets do not stabilize overnight, you know that prof; can you live on less than $C14? Are you Sure? Try it!

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