Not getting involved in the math or anything, but every Horton's I know is open 24hrs/day and 15 staff at any given time doesn't seem too insane a figure. I haven't counted, of course.
From various searches:
Tim Hortons franchise profit margin: 15%-20%
Typical fast food labour costs: 25-30%
Increase in costs due to Wynne (wage+regulations): 28%
Increase in costs when $15/hour kicks in: 37%.
So worst case: labour costs increase to: 41% of revenues which reduces profit margin to 4%-9% before tax or a 55%-75% drop in profit.
I don't know about you but I would be rather annoyed if Wynne cut my wages by 75% simply because she wanted to buy some votes.
Also these are rough averages so I am sure some stores will now start losing money.
Bottom line: these kinds of large jumps will only harm the people that the politicians claim to want to help because they can force companies to pay more but they can't force companies to hire people.
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