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Minimum Wage Increase

Sunday, February 5, 2006

7 Comments

Written by Rachna Mutreja

Ontario’s current general minimum wage is $7.45 per hour. The general minimum wage for Ontario workers rose to $7.45 per hour on February 1, 2005. It will rise again to $7.75 on February 1, 2006. A further increase will follow bringing the minimum wage to $8.00 per hour on February 1, 2007.

Minimum wage for specific job categories are increasing as well. For more information, visit http://www.labour.gov.on.ca/info/minimumwage/

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  1. Posted by: uter on Feb 5, 2006 @ 3:43pm

    Darn, just when minimum wage goes up, of course the cost of other things goes up. Examples: haircut at First choice now 12.95 an increase of a dollar. Pizza Pizza increases about 50 cents on a large.

  2. Posted by: Sean on Feb 5, 2006 @ 4:46pm

    Could have been worse, the communists were advocating an increase to $12/hr, which only goes to prove their complete ignorance of basic economics...

  3. Posted by: KIMIK on Feb 5, 2006 @ 6:25pm

    The university seems to think that $10.05 per hour is a 'living' wage, since it takes that much money to be able to support oneself financially, ie: live on your own, pay for food, clothes, other minor luxuries. I'm glad that minimum wage is going up - especially since the cost of living keeps increasing every year. I think that min. wage should have been $8 years ago... but alas, people don't want to pay people for what their time is worth.

  4. Posted by: john h on Feb 5, 2006 @ 6:58pm

    Actually all of the full-time staff here at Unigoo earn well above 10.15/hr. Part-time/casual jobs typically pay considerably less.

  5. Posted by: Shawn on Feb 9, 2006 @ 11:56am

    Interesting that a $12/hr rate is considered ignorant of basic economics.
    Australia, which has quite a successful economy has a $11CDN/hr minimum wage at present... Canada's minimum wages hover around the poverty line. If minimum wages actually earned you more than welfare, perhaps the state would be paying less out in welfare payments. I'm calling into question your 'basic economics' knowledge.

  6. Posted by: George on Feb 10, 2006 @ 8:43pm

    The people at the low end of the wage scale will always be poor. If minimum wage is $30/hour, the cost of goods will increase so that you require $40/hour or higher to stay above the poverty line. While this probably won't work in reverse(a decrease in minimum wage would not force companies to lower prices), the poverty line will always be above the minimum wage.

  7. Posted by: john h on Feb 14, 2006 @ 4:31pm

    I'd imagine there's also some jobs that can be created at a certain wage and are not viable beyond a certain wage. There's quite probably some sort of formula determining how increased wages impact on job creation.
    At what point does the balance exist?

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