Ontario’s minimum wage officially increases

Ontario’s minimum wage increase officially went into effect on October 1st, 2022, giving minimum wage earners a 50 cent increase to their hourly rate of pay.

This comes after the provincial government announced the minimum wage increase back in April of this year, bringing the previous minimum wage of $15 per hour up to $15.50 per hour.

The raise in minimum wage doesn’t exactly have workers celebrating, however.

In Hamilton in particular, the current living wage sits somewhere closer to $17.20 per hour, according to a November 2021 report by the Ontario Living Wage Network (OLWN).

Even someone working a full-time job at the current Ontario minimum wage will not be earning enough to match the cost of living and comfortably meet all basic needs including housing, food, and transportation.

This falls even shorter considering how cost prohibitive rent has become in Hamilton, with the average rent for a 1-bedroom apartment in the city now hovering close to $1,700 per month.

See more here.

Comments 0

There are no comments

Add comment

Share post


© 2023 Robert Cekan Professional Real Estate Corporation. All rights reserved.