#LSN_Opinion Magna International Warnings to Leave Ontario
High hydro rates, cap-and-trade, and new legislation could push 22,000 jobs out of Ontario.Ontario is at risk of massive jobs losses.
THUNDER BAY, ONTARIO, July 23, 2017 (LSN) Magna International – Ontario’s largest auto sector employeer – is warning that the policies being imposed by the Ontario government could push them out of the province entirely.
The warning comes as Ontario Premier Kathleen Wynne is pushing legislation that would raise the minimum wage to $15 per hour, and impose other requirements on businesses that some fear could lead to job cuts and more unemployment.
As reported by BNN, the warning from Magna was clear: ‘”We find ourselves in the very untenable position of questioning whether we will be able to continue to operate at historic levels in this province,” warned Magna Chief Human Resources Officer Marc Neeb in a submission to a committee studying the legislation.”
Magna says Ontario is at a “tipping point” for businesses and investment.
BNN notes the concerns of Phillip Cross – Senior Fellow at the Macdonald-Laurier Institute – who says the Ontario government should be taking this seriously:
“I think it’s actually quite unusual [for] a large multinational firm like Magna, which has to deal with governments all the time,” he told BNN in an interview Friday. They generally are very politically correct – they are very understated,” he added. “It’s quite unusual for a large firm like that to even raise the possibility that they would move. And it should get the Ontario government’s attention. ”
Elitist politicians hollowing out our economy
In their arrogance and subservience to the globalist ideology, politicians impose policies that destroy jobs and increase reliance on the government. Notice how the economic policies pushed by the elites never hurt the government, and in fact bring in more revenue for the government to get even more bloated?
Arbitrarily increasing the minimum wage and raising the cost of labour doesn’t mean people will get paid more, it means more businesses will cut jobs. While a few of the measures proposed in Ontario make sense – more protection for part-time workers, and more personal emergency leave – the combination of a minimum wage increase with higher taxes and cap-and-trade is disastrous.
The best way to help workers is to get the politicians to stop trying to control every little part of the economy. Lower taxes for workers will put more money in people’s pockets, and ending corporate welfare will bring true competition that creates jobs and raises wages without government edicts. Cap-and-trade, carbon taxes, and other tax hikes do nothing but take money out of workers pockets – making people poorer and damaging the economy further.
Think of how insane things have become: Politicians give billions in taxpayer dollars in corporate welfare to companies that are already rich. Then they increase taxes on consumers, which weakens the economy. Then, they bring in regulations and taxes that make it extremely expensive to do businesses, causing jobs to leave our country. So, we end up with massive deficits, a weak economy, indebted consumers, and job losses. Nice.
Unfortunately, politicians like Kathleen Wynne and Justin Trudeau have no trust in the people they govern, and they do incredible damage by trying to concentrate power in their hands. In Ontario, that damage could manifest itself as the loss of tens of thousands of good manufacturing jobs, a crippling blow to an economy that is already overly-reliant on a housing market bubble that could pop at any time.