Minimum wage rising to $11/hr
Ontario is increasing the minimum wage from $10.25 to $11 per hour on June 1, 2014—a move which the Fort Frances Chamber of Commerce president said is “positive.”
“It’s going to put some more pressure on some of the businesses but it definitely should inject more money back into the economy,” Mark Caron said this morning.
“It’s a positive,” Caron added. “Every little bit helps in our economy.
“It’s a cost-of-living increase,” he noted. “It needs to be done.”
The new rate reflects the increase in the Consumer Price Index (CPI) since the last minimum wage increase in March, 2010.
The province also said it will introduce legislation that would tie future minimum wage increases to the CPI.
This is so the minimum wage keeps pace with the cost of living, and so increases are predictable for both businesses and families.
Under the proposed legislation, increases would be announced by April 1 and come into effect Oct. 1.
The proposed legislation would act on the recommendations of Ontario’s Minimum Wage Advisory Panel, which included business, labour, youth, and anti-poverty rep.
“I’m incredibly pleased that my efforts, alongside many incredible local advocates all fighting on behalf of hard-working individuals, have been heard,” Thunder Bay-Superior North MPP Michael Gravelle said in a press release.
“I’m proud of our government’s continued commitment to improving the lives of all Ontarians, increasing minimum wage by 50 percent since 2003, and showing leadership at a time when others would not,” he added.
“Increasing the minimum wage will help improve the standard of living for hard-working people in Thunder Bay-Superior North while ensuring that local businesses have the predictability necessary to plan for the future,” noted Gravelle.
“Today’s increase will make the minimum wage in Ontario the highest in Canada,” noted Thunder Bay-Atikokan MPP Bill Mauro.
“And through legislation, we hope to provide predictability for employers going forward.
“This increase to minimum wage is one of the measures we have introduced to support lower-income earners, and is in stark contrast to the work of the previous government that froze minimum wage for nine years,” he added.