Living wage increases across B.C., reaches $27/hr in Metro Vancouver, says economic think tank

November 21, 2024

The amount of money it takes for people to earn a living wage has increased across the province, according to a new report from the Canadian Centre for Policy Alternatives (CCPA).

In Metro Vancouver, the living wage is now $27.05 an hour, up 5.3 per cent compared to the 2023 report. The Fraser Valley saw a 12.44 per cent increase, while the Columbia Valley’s living wage went up 1.19 per cent.

It’s the all-around increase that has the report’s authors calling on employers to offer a living wage in their respective communities and on all levels of government to push forward with cost-saving measures for British Columbians.

The living wage, according to the CCPA, is the hourly rate that each of two parents working full-time needs to make in order to support a family of four in their community.

It does not take into account debt, home ownership or saving for retirement or children’s post-secondary education.

Source: Read the full article here