Governments need to keep pace with income-tested transfers for families as so-called 'living wage' in Metro Vancouver crests above $27/hour in 2024.
The cost of rent has once again raised Metro Vancouver’s so-called “living wage” estimate above the annual pace of baseline inflation reported by Statistics Canada, according to the Canadian Centre for Policy Alternatives BC.
Shelter costs for the “Metro Vancouver living wage family” increased 9.5 per cent this year — an additional $276 per month, the report notes. Co-author Anastasia French, the centre’s provincial manager of Living Wage BC, adds that women and racialized workers are disproportionately affected by low wages.
“Earning a living wage gets families out of severe financial stress by lifting them out of poverty and providing a basic level of economic security. But it is also a conservative, bare-bones budget without the extras many of us take for granted,” the report states.
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