Ontario’s minimum wage is set to see an increase later this year, benefitting nearly a million people in the province’s workforce.
The minimum wage is getting a bump as of October 1st, 2023, increasing from $15.50 per hour by 6.8 per cent to $16.55 per hour.
Ontario is working for workers. We’re increasing the minimum wage to $16.55 an hour effective October 1, 2023.— Michael Ford (@MichaelFordTO) April 1, 2023
Nearly a million workers will benefit from bigger paycheques to support their families and continue building a stronger Ontario for all of us.https://t.co/PFLaacFMOR pic.twitter.com/E0RBOz9SNw
This means a worker earning minimum wage in a job at 40 hours per week will see an annual increase to their income of nearly $2,200.
It’s a move the provincial government says is intended to help address the rising cost of living in Ontario, particularly for low-income workers who work largely in industries such as retail, food service, and accommodation.
However, this increase still falls well short of the typical living wage needed to meet all necessary living expenses in many Ontario cities. This includes Hamilton, for which the most recent calculated living wage was at $19.05 per hour as of November 2022.
See more on the Ontario website.