Fraser Institute Student Essay Contest
Scholarship Deadline: June 1, 2018
The idea of raising the minimum wage in Canada and in some jurisdictions in the United States is a contentious topic. Proponents of a higher minimum wage tout that such increase will be an effective tool for helping those in poverty. But a recent study by the Fraser Institute found that 88% of minimum wage earners in Canada do not actually live in low-income households. In fact, nearly 60% of these earners are young adults aged 15-24, most of whom are living with their parents or other relatives. Additionally, research has found that about 70% of the benefits from a higher wage go to non-poor households in Canada.