FREDERICTON, N.B.- New Brunswick New Democratic Party Leader Dominic Cardy says the provincial government’s plan of a new wage subsidy aimed at encouraging companies to hire recent post-secondary graduates will fail to achieve its stated objectives.

Under the program, businesses that qualify will receive a one-year wage incentive when they hire a permanent full-time
employee who graduated from a post-secondary institution in the past four years.

The NDP leader says it’s just another no strings attached subsidy to businesses with no net benefit to the province.

Cardy says it’s basically creating an incentive for companies to fire existing staff, and replace them with new workers whose wages are subsidized by the government.