The Latest

Ontario’s Minimum Wage Will Increase to $16.55 per Hour

Patrick D Costa

Nearly a million workers will benefit from bigger paycheques on October 1

On October 1, 2023, the government of Ontario will raise the minimum wage to $16.55 per hour. In order to assist families offset the rising cost of living, this 6.8% pay increase for low-income workers builds on the government’s consistent and predictable increases that occur annually.

Minister of Labor, Immigration, Training, and Skills Development Monte McNaughton stated, “Our government is putting workers in the driver’s seat of their careers and their lives under the leadership of Premier Ford.” This most recent increase is a fair and balanced strategy that puts more money in their pockets so they can support their families and keep working to make Ontario a stronger place for everyone.

A worker who works 40 hours per week and makes the general minimum wage will earn nearly $2,200 more per year. In 2022, there were 942,400 workers, the majority of whom were women, earning less than $16.55 per hour.

This lowest pay permitted by law increment expands on the public authority’s work to make Ontario the best spot to live, work and raise a family. Most as of late, the public authority presented the Working for Laborers Act, 2023, which will, whenever passed, give pivotal securities to a great many specialists in Ontario.

Related Articles

Back to top button