It looks like Ontario Premier Kathleen Wynne detests young people who want to have a job. The Liberal government announced that it proposes to abolish the youth minimum wage for people under 18 and those who serve alcohol. Today, it presently stands at $10.70 for youth and $9.90 for servers. Instead, if approved, teenagers will […]
Archives for February 2017
Wendy’s to install self-serve kiosks in 16% of U.S. locations
You can count Wendy’s as the next fast-food chain fighting against the Fight for $15 crowd by welcoming automation with open arms. Since wage inflation rose five percent last year, and wage inflation could top four percent again this year, the home of the square patties noted that it has figured out how to eliminate […]
U.S. retailers facing highest distressed level since Great Recession
Retailers in the United States are stressed. They are facing difficult times from a wide array of sources: Amazon, a decline in foot traffic and diminishing credit. According to a study by Moody’s (via Marketwatch), nearly one-fifth of its retail names are hovering near the lowest level of the credit rating spectrum. The rating agency […]
1 million views! A big thank you from ECN
Economic Collapse News has officially surpassed one million views. This is an important milestone for the website and we would like to thank you for your support. Whether this is your first time visiting or your 1,000th, we appreciate your support and comments. We hope you will continue to play an important part in our […]
Idaho Bill Would End Taxation of Gold and Silver
By Jp Cortez The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in nominal capital “gains.” But that problem may soon be mitigated, at least in […]