Timmys is not the enemy or bad guy here folks. I would love to see the statistics as I am willing to bet that most Tim Hortons franchise owners are not billionaires or even millionaires. In fact, I doubt many other small business owners are either, franchise or not!
The fact is any business, small or large, has a budget for employee wages, Tim Hortons included. Even professional sports teams do, there is a lot more money in the salary budget, but there is a budget. It’s called a salary cap, just ask former Ottawa Senator Kyle Turris.
It is simple math, but much easier to visualize at the small business level. If you have the budget to pay four employees fifteen bucks an hour and the rate gets raised to twenty bucks an hour, your budget now only allows three employees to get paid. (4×15=3×20=60) It’s not rocket science, just simple math, and it’s going to happen in all small businesses in Ontario after the hike in the minimum wage. Sooner or later, probably sooner.
This latest vote grab by the Ontario Liberal government is just another reason small business owners are struggling to survive. Aiming to Wynne (pun intended) the vote from the minimum age earners in the province, our premier has screwed the small business owners. Not to mention the employees who have worked several years to get to the level that new employees will now get upon starting. Do you think they will get a raise to compensate? Right, not a chance!
So go enjoy a coffee at Tim Hortons, they are not the bad guys here! Maybe while you are drinking your coffee the math will become easier and the picture clearer.