CFIB members save on Amex
Attract more customers with a lower rate
Beginning earlier this month, all employees and most contractors working for the City of Vancouver must be paid at minimum $20.62 an hour, the so-called “living wage”. But what exactly is it?? A living wage is very different than the minimum wage, which is legislated by the provincial government. The “living wage”, as defined by the Living Wage for Families Campaign, calls on employers to pay a salary which would allow a family of four (two parents, two children) to have a specific basket of goods, housing requirements and services. This includes a car, a transit pass, college courses, and sports activities, among other things.
CFIB has been lobbying municipalities against adopting the policy since New Westminster became the first to adopt it in Canada in 2011. While this idea may sound good on paper, in practice it makes little sense.
Other municipalities who have either committed to adopt or have adopted so-called living wage policy are: Parksville, Quesnel, Port Coquitlam, and New Westminster. Unfortunately, there are sure to be more and more local governments that jump on the bandwagon, meaning higher costs and headaches for independent businesses.