First of all, thank you for providing your insight into these issues. On the issue of lowering tuition rates my idea would maintain all other allocated funding for postsecondary institutions and add funding that would be specifically allocated towards lowering tuition rates; so,
I don't believe this would cause post secondary institutions to hire part-time profs, lowering extra-curricular funding, or lowering the technological support because the same amount of money will be coming in, therefore, there would be no need for these institutions to take any of these measures. The agreement could be made that any of these measures are just as likely to be utilized whether the money is coming into the institutions from the government or from the students.
Now, on the issue of raising the minimum, I believe by making this change it would help re-distribute the wealth in Canada, in an effort to combat poverty, because all citizens would feel the backlash from this change, but only the lower income citizens would have gained any more income from this change in order to pay for this backlash. Thereby, decreasing the gap between upper and lower class citizens.
I am paying off my debt now, but it's manageable and will be paid off within 5 years. I disagree with lowering tuition because I like to think that the degree I hold means something; relying on government funding means that universities will have to cut corners like hiring part-time profs, lowering extra-curricular funding, and lowering the technological support we rely on
On the second point, I would have to disagree with both of you. I would classify myself as lower middle class from a financial perspective -- I had limited financial support from my parents to pay for my education, and I lived in student housing all 4 years I attended university. I was able to pay for my education and live a fairly normal social life solely on government loans, summer jobs, and part-time jobs during school -- resources that are available to all students in financial need
While Derek raises a good point about many of the minimum wage employees working at large national corporations, the truth is that corporations need to make money to keep shareholders satisfied. They also need to make profits to invest money into new innovations that will help Canadians. The most likely result of raising minimum wage will be businesses passing on these rising costs to consumers, increasing inflation, and further decreasing the buying power of low income households.
I would have to agree with KR on the first point. Raising minimum wage even higher than it is now would create a backlash in the economy, and have a devastating effect on low income families, while having close to no effect on higher income families. This would create an even more pronounced rich/poor divide.
I would have to agree with KR on the first point. Raising minimum wage even higher than it is now would create a backlash in the economy, and have a devastating effect on low income families, while having close to no effect on higher income families. This would create an even more pronounced rich/poor divide.
First of all thanks for taking the time to watch and give your respective feedback on my video. I hope you don't mind a text response, seen as I video response would have had to have been put off to the weekend. This is a very debatable topic and I would first like to start by making it clear that I do agree that the likelihood of there being an initial decrease in employment is a strong possibility but the main idea of my platform is to look at Canada's future not the next couple of months.
Currently in some provinces national or international corporations employ over %70 of minimum workers, these same companies made more then $200 billion in corporate profits. By raising the minimum wage these companies would be forced to loss corrupt profits or risk the satisfaction of both their staff and cliental by choosing to operate with staff that isn't properly trained or by operating short-staffed.
But I think that the main concern you and other individuals have is even if these corporations cut profits many small businesses would suffering and be forced to make cut backs or close, which would raise unemployment. I agree that some of these companies would need to make changes in order to make ends meet and would likely be forced to increasing prices slightly to cover the cost,
but this would help to decrease the gap between the upper and lower classes because the upper class wouldn't get any increase in income from the raise in the minimum wage, but individuals that make close to the minimum wage would likely see a marginal salary increase because of this. I think we both agree that something needs to be done to combat poverty.
I view this as a reasonable solution seen as currently in some regions minimum wage individuals earn only $15,808 while the government declares that the before tax low-income cut off for that same region is $19,795 and the acceptable living level is $15,430: as long as we have a minimum wage a percentage of the job market is going to be made up of minimum wage jobs and I personally won't condemn these workers to live on the borderline of poverty.
This is my solution to narrowing the gap between classes in Canada; thereby, producing more equality and better lives for Canadians. You claim that there are several other ways to accomplish the same result: I'm interested to hear what these other methods are and what they consist of because if there is a better way to produce the result I'm all for it.
Now to address your second question. I tend to favor a general tuition cut because individuals that come from high income backgrounds can often be left alone to fund their postsecondary education;
as well, many middle income families are burdened with the expense of paying for a postsecondary education which can prove to be quite a task seen as many scholarships and financial aid is already aimed at lower income families. To address your proposed solution to aiding targeted postsecondary students instead of students in general,
I'd first like to remind you that currently in Canada there are a number of government funded programs to help low income and aboriginal individuals gain a post secondary education. Secondly, I personally wouldn't support the funding for an individual that's from a rural community or is a first generation Canadian over the funding of an individual that is in the same financial situation,
but lives in a city or is a 2nd or later generation Canadian: this idea to me seems to punish the descendents of the people who built this country.
I hope my answers help clarify my point of view on these issues and make my reasoning behind this platform clearer: thank you once again for your inquiry.
I would have to agree with KR on the first point. Raising minimum wage even higher than it is now would create a backlash in the economy, and have a devastating effect on low income families, while having close to no effect on higher income families. This would create an even more pronounced rich/poor divide.
Good economic arguments Kevin. "The best way to combat poverty is by education..." - well said.
northernlightsmk 4 years ago
First of all, thank you for providing your insight into these issues. On the issue of lowering tuition rates my idea would maintain all other allocated funding for postsecondary institutions and add funding that would be specifically allocated towards lowering tuition rates; so,
derektakahashica 4 years ago
I don't believe this would cause post secondary institutions to hire part-time profs, lowering extra-curricular funding, or lowering the technological support because the same amount of money will be coming in, therefore, there would be no need for these institutions to take any of these measures. The agreement could be made that any of these measures are just as likely to be utilized whether the money is coming into the institutions from the government or from the students.
derektakahashica 4 years ago
Now, on the issue of raising the minimum, I believe by making this change it would help re-distribute the wealth in Canada, in an effort to combat poverty, because all citizens would feel the backlash from this change, but only the lower income citizens would have gained any more income from this change in order to pay for this backlash. Thereby, decreasing the gap between upper and lower class citizens.
derektakahashica 4 years ago
I am paying off my debt now, but it's manageable and will be paid off within 5 years. I disagree with lowering tuition because I like to think that the degree I hold means something; relying on government funding means that universities will have to cut corners like hiring part-time profs, lowering extra-curricular funding, and lowering the technological support we rely on
stumanti 4 years ago
On the second point, I would have to disagree with both of you. I would classify myself as lower middle class from a financial perspective -- I had limited financial support from my parents to pay for my education, and I lived in student housing all 4 years I attended university. I was able to pay for my education and live a fairly normal social life solely on government loans, summer jobs, and part-time jobs during school -- resources that are available to all students in financial need
stumanti 4 years ago
While Derek raises a good point about many of the minimum wage employees working at large national corporations, the truth is that corporations need to make money to keep shareholders satisfied. They also need to make profits to invest money into new innovations that will help Canadians. The most likely result of raising minimum wage will be businesses passing on these rising costs to consumers, increasing inflation, and further decreasing the buying power of low income households.
stumanti 4 years ago
I would have to agree with KR on the first point. Raising minimum wage even higher than it is now would create a backlash in the economy, and have a devastating effect on low income families, while having close to no effect on higher income families. This would create an even more pronounced rich/poor divide.
stumanti 4 years ago
I would have to agree with KR on the first point. Raising minimum wage even higher than it is now would create a backlash in the economy, and have a devastating effect on low income families, while having close to no effect on higher income families. This would create an even more pronounced rich/poor divide.
stumanti 4 years ago
First of all thanks for taking the time to watch and give your respective feedback on my video. I hope you don't mind a text response, seen as I video response would have had to have been put off to the weekend. This is a very debatable topic and I would first like to start by making it clear that I do agree that the likelihood of there being an initial decrease in employment is a strong possibility but the main idea of my platform is to look at Canada's future not the next couple of months.
derektakahashica 4 years ago
Currently in some provinces national or international corporations employ over %70 of minimum workers, these same companies made more then $200 billion in corporate profits. By raising the minimum wage these companies would be forced to loss corrupt profits or risk the satisfaction of both their staff and cliental by choosing to operate with staff that isn't properly trained or by operating short-staffed.
derektakahashica 4 years ago
But I think that the main concern you and other individuals have is even if these corporations cut profits many small businesses would suffering and be forced to make cut backs or close, which would raise unemployment. I agree that some of these companies would need to make changes in order to make ends meet and would likely be forced to increasing prices slightly to cover the cost,
derektakahashica 4 years ago
but this would help to decrease the gap between the upper and lower classes because the upper class wouldn't get any increase in income from the raise in the minimum wage, but individuals that make close to the minimum wage would likely see a marginal salary increase because of this. I think we both agree that something needs to be done to combat poverty.
derektakahashica 4 years ago
I view this as a reasonable solution seen as currently in some regions minimum wage individuals earn only $15,808 while the government declares that the before tax low-income cut off for that same region is $19,795 and the acceptable living level is $15,430: as long as we have a minimum wage a percentage of the job market is going to be made up of minimum wage jobs and I personally won't condemn these workers to live on the borderline of poverty.
derektakahashica 4 years ago
This is my solution to narrowing the gap between classes in Canada; thereby, producing more equality and better lives for Canadians. You claim that there are several other ways to accomplish the same result: I'm interested to hear what these other methods are and what they consist of because if there is a better way to produce the result I'm all for it.
derektakahashica 4 years ago
Now to address your second question. I tend to favor a general tuition cut because individuals that come from high income backgrounds can often be left alone to fund their postsecondary education;
derektakahashica 4 years ago
as well, many middle income families are burdened with the expense of paying for a postsecondary education which can prove to be quite a task seen as many scholarships and financial aid is already aimed at lower income families. To address your proposed solution to aiding targeted postsecondary students instead of students in general,
derektakahashica 4 years ago
I'd first like to remind you that currently in Canada there are a number of government funded programs to help low income and aboriginal individuals gain a post secondary education. Secondly, I personally wouldn't support the funding for an individual that's from a rural community or is a first generation Canadian over the funding of an individual that is in the same financial situation,
derektakahashica 4 years ago
but lives in a city or is a 2nd or later generation Canadian: this idea to me seems to punish the descendents of the people who built this country.
I hope my answers help clarify my point of view on these issues and make my reasoning behind this platform clearer: thank you once again for your inquiry.
Sincerely: Derek Takahashi
derektakahashica 4 years ago
I would have to agree with KR on the first point. Raising minimum wage even higher than it is now would create a backlash in the economy, and have a devastating effect on low income families, while having close to no effect on higher income families. This would create an even more pronounced rich/poor divide.
stumanti 4 years ago