Ontario's minimum wage increased 50 cents an hour over the weekend, but Aiana owner Devinder Chaudhary says the increase to $15.50 won’t help with the rising cost of living.
His Ottawa restaurant is part of the Ontario Living Wage Network, paying his employees a minimum of $18.60 an hour. That is the calculated wage an Ottawa resident needs to adequately cover expenses like food, clothing, shelter, medical and other expenses.The 50-cent hike comes after Canada’s inflation rate reached a nearly 40 year high in June.
While that has slowed, the cost of groceries are up. For some businesses, the wage bump comes at difficult time as they try to bounce back from the pandemic. "Look, if governments are going to turn to an increase, they should reduce the costs businesses are facing in other lines," CFIB president Dan Kelly said. "That could be a corporate tax decrease or relief from employer’s health tax."
The Canadian Federation of Independent Businesses says about 60 per cent of small businesses are not hitting their revenue levels. This hike is going to put more pressure on wages. "It affects the entire minimum wage scale," Kelly said. "Those who were making more than minimum wage now expect an increase on their wage."
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario just increased its minimum wage by 50 centsOntario's minimum wage is officially increasing. As of today, Oct. 1 2022, the provincial minimum wage will increase by 50 cents to an hourly rate ...
Read more »
Ontario general minimum wage rises to $15.50 per hourOntario's minimum wage went up 50 cents on Saturday. All three major parties made pledges to raise it during the election campaign. The general minimum wa
Read more »
Minimum wage increases in three of four Atlantic provincesThe minimum wage has gone up today in three of the four Atlantic provinces, with New Brunswick instituting a one-dollar increase, the highest rate in the region
Read more »