Actually the article also quoted the province's Financial Accountability Office which forecasts a rather ominous amount of job losses for the province.  I would also add, that anyone currently making under $25 will likely be looking to their employer for a similar percentage increase as well.  Not sure how feasible that is going to be.

Agree with you on the Fraser Institute being slightly right of centre, however, look at the research and see if there is some truth within the numbers.