“Raising the minimum wage allows B.C. to keep pace with minimum wages in the rest of Canada while maintaining our competitiveness,” says Minister Bond. “…We continue to work hard to remove barriers and open up new opportunities to move peoples up the income ladder.”
This is a $0.20 increase from the current $10.25 per hour, and according to Minister Bond, the minimum wage will increase in a “predictable” formula each year as the province becomes inline with the Consumer Price Index (CPI).
The liquor server wage will also increase from $9.00 to $9.20 an hour, according the new formula.
“Small businesses told us they want the minimum wage increase to be reasonable and predictable, which is why we implemented a formula-based approach tied to economic indicators,” says Minister of State for Tourism and Small Business Naomi Yamamoto.
In years where there is a negative CPI change, Minister Bond says the minimum wage will stay the same.
Minster Bond says the average wage for adults in B.C. is just under $25.00 and hour, while youth are generally earning just under $15.00 and hour.
She also says the minimum wage increase is just a part of her larger goal of supporting low-income individuals.
“Increasing the minimum wage is one of many tools, including tax policy, social supports, education and training that help British Columbians,” explains Minister Bond.
She goes on to boost the recently announced Single Parent Employment Initiative, the 500,000 British Columbians who are currently not paying income taxes and the 800,000 not paying MSP premiums as examples of the government’s support.