On October 1, 2018, the Alberta government increased the minimum wage to $15/hr.
The provincial government's plan to increase the minimum wage to $15 was first revealed in 2015; supporters argue a higher minimum wage will make workers in entry level jobs better off. But does the Alberta government know the actual consequences?
Higher minimum wage means higher payroll costs, like the Canada Pension Plan (CPP), Employment Insurance (EI), and Workers' Compensation Board (WCB) premiums go up as well.
New CFIB research shows that with a $15 minimum wage, an employer in Alberta will pay an additional $9,984 in wage costs - and that's not including the other payroll costs! You can read more about the costs in our new research: How Much Will The Cost Of Entry Level Jobs Go Up In Alberta.
Thank you for your feedback!
Thank you for your participation on some of our recent surveys which featured questions on the minimum wage hikes in Alberta. We consistently hear about the difficult sacrifices businesses will have to make. We know this issue is important to you, which is why we will continue to lobby for a minimum wage freeze to preserve local jobs.