Ontario’s plan to drive the minimum wage to $15 an hour by 2019 will cost the economy as many as 90,000 jobs by 2020, a report from the TD Bank says. It said an analysis reveals employers simply won’t hire the way they would otherwise have done in the short term. “It’s not that come Jan. 1 that there’s going to be 90,000 people laid off,” said TD senior economist Michael Dolega . “It’s that there would have been more jobs created had the economy expanded. Now, these jobs are potentially going to be taken by automation or there’s just going to be less impetus for hiring.”
