Student Essay Contest

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Monthly Views - High
Amount $9,000
Provided by Fraser Institute, The
Deadline July 01, 2018
Donor Fraser Institute
Renewable No
Number Available 9
Type of Award Contest
Automatic Consideration No

Notes

Showcase your ideas on public policy and the role of markets by entering our essay competition!

$9,000 in cash prizes awarded this year. Winning essays may be published in Fraser Institute magazines.

Categories and Prizes: High School, Undergraduate, Graduate. 1st Prize: $1,500, 2nd Prize: $1,000, 3rd Prize: $500.

2018 Essay Contest – Increasing the Minimum Wage: Good Intentions, Bad Policy?

The idea of raising the minimum wage in Canada and in some jurisdictions in the United States is a contentious topic. Proponents of a higher minimum wage tout that such increase will be an effective tool for helping those in poverty. But a recent study by the Fraser Institute found that 88% of minimum wage earners in Canada do not actually live in low-income households. In fact, nearly 60% of these earners are young adults aged 15-24, most of whom are living with their parents or other relatives. Additionally, research has found that about 70% of the benefits from a higher wage go to non-poor households in Canada.

Beyond the misperception that the majority of the benefits from an increase in the minimum wage would go to low-income earners and the most vulnerable, raising the minimum wage has been shown to lead to reductions in employment, particularly for young people and immigrants.

While constructing your essay, consider the following questions:

    • Should provincial governments increase the minimum wage?
    • What impact would such an increase have on the Canadian economy?
    • Is raising the minimum wage an effective way to provide assistance to vulnerable Canadians?
    • Is there an alternative to raising the minimum wage that targets low-income earners more precisely?

DEADLINE: July 1, 2018.

For more information and contest rules click here or email student@fraserinstitute.org

Details

Level of Study Certificate; Diploma; Post-diploma; Associate; Bachelor; Master; Doctorate;
Year of Study All Years
Citizenship Canada
Schools Attended Any School
School of Study Any School
Field of Study Any Field of Study
Region of Residence Canada
Course Load Full-time or Part-time
Region of Study Canada
Activities n/s
Financial Need No

Contact Information

Fraser Institute student@fraserinstitute.org 1-800-665-3558 ext. 538 1770 Burrard Street, 4th Floor, Vancouver, BC, Canada. V6J 3G7
Last updated: Monday, June 04, 2018
 

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