Bill 148 and its Economic Impact
Last month several media outlets and organizations released reports concerning Bill 148 the Fair Workplaces Better Jobs Act. A study by the Canadian Centre for Economic Analysis (CANCEA) revealed a significant impact on Ontario’s jobs, economy and communities, should Bill 148 be passed.
The study concludes that these vast, unprecedented reforms will put about 185,000 jobs at risk, greatly impacting Ontario’s most vulnerable workers.
CANCEA was commissioned by the Keep Ontario Working Coalition (KOW), including members of the Association of Canadian Search, Employment and Staffing Services (ACSESS), to measure the potential impacts of six key areas of change in Bill 148, including changes to minimum wages, equal pay, vacation, scheduling, personal emergency leave (PEL) and unionization.
Data from the economic impact analysis shows:
- $23 billion hit to business over the next two years alone
- 185,000 Ontario jobs will be at immediate risk, over the next two years.
We encourage you to share copies of the analysis and press release with your MPP, Premier’s office and to share on social media.
In addition, on August 21, 2017, the Standing Committee on Finance and Economic Affairs adopted significant amendments to Bill 148 which will be reported back to the Ontario Legislature when it resumes sitting on September 11, 2017. To learn more, please read the full Hicks Morley article.
Please contact your SRG Manager should you have any questions.