http://www.theglobeandmail.com/report-on-business/economy/jobs/for-young-job-seekers-no-relief-in-sight/article4464246/

An uncertain global economy has led to widespread unemployment throughout the world. Here in Canada we are not unaffected. Despite these difficult economic conditions, Canada has seen employment increase through the first half of 2012; as for the second half, according to Ora Morison of the Globe and Mail: “economists [are] trim[ming] their expectations for Canada’s economic growth to below 2 per cent for the rest of 2012”.

In times of economic unrest, the Canadian government should be stimulating the economy through tax cuts and incentives to small and large businesses allow them to thrive and hire more employees. Allowing the market to run freely is beneficial in times of economic growth, but in order for this growth to begin the government must catalyze expansion and encourage new development in the economy.

The implementation of an increase in minimum wage in BC, although minuscule in the scope of the entire national economy, is detrimental to economic growth. This disincentive to hire is preventing the hiring of willing and able, potential employees.

With minimum wage hikes and the lack of government incentives, the unemployment rate in Canada will remain unnecessarily high.