Here's how much the minimum wage is set to increase in B.C.
The B.C. government is hiking the minimum wage to $16.75 an hour starting June 1, as a measure to help the province's lowest-paid workers with rising inflation.
Labour Minister Harry Bains announced Wednesday that it is rising from $15.65 an hour, which represents a 6.9-per-cent increase.
For someone working 40 hours a week, all year, that's a jump of about $2,200 annually.
"These workers and their families feel the impacts of high costs much more than anyone else," Bains said in a news release explaining the changes.
Yet business groups point out many small businesses are also feeling the impact of the pandemic, inflation, and rising taxes.
Annie Dormuth, director of provincial affairs (B.C.) for the Canadian Federation of Independent Business, is urging the province to consider wage subsidies, raising the employer health tax exemption or rebating some of WorkSafeBC's surplus to employers. She also questioned why the province wasn't announcing supports at the same time they increased minimum wage.
"When the Manitoba government announced its increase to inflation they announced it with some sort of wage subsidy for businesses if they're really struggling to absorb that extra cost increase," explained Dormuth.
Asked about the timeline for possible supports, B.C. Minister of Jobs Brenda Bailey said she would be meeting with stakeholders and an announcement may be coming soon.
The province estimates the change will help 150,000 workers. Statistics Canada numbers from 2021 show 42 per cent of B.C.'s minimum wage workers are employed by corporations with 500 employees or more.
That's an issue for Sam Jones, who owns 2% Jazz, a coffee shop where the news conference took place. He says smaller businesses like his, who pay employees a fair wage, are at a disadvantage when competing with large companies, and believes a distinction should be made.
"One solution is to look at where they're coming from. Are they British Columbian companies or are they American companies that are paying the least amount they are legally allowed to?" Jones said.
Even with the minimum wage set to increase, advocates for a living wage – that is, paying people an amount required to live in their city – point out the minimum wage is $7 below what a living wage in B.C. should be.
Federally regulated workers saw their minimum wage rise to $16.65 on April 1.
CTVNews.ca Top Stories
NEW Inside Canada's chaotic response to avian flu
A CFIA official is calling it the 'largest animal health emergency that this country has ever had to face.' A joint IJF/CTV News investigation looks into Canada's response to the bird flu pandemic, and how it's ravaged the country's farms.
What Donald Trump's election victory could mean for Canada
Following president-elect Donald Trump's decisive election victory, there are sure to be significant knock-on effects for Canada. Here's a look at the different areas in which a second Trump presidency may affect Canadians.
Cuba left reeling after Category 3 hurricane ravages island and knocks out power grid
Cuba was left reeling Thursday after a fierce Category 3 hurricane ripped across the island and knocked out the country's power grid.
Influencer is banned from future NYC marathons for bringing a camera crew to last weekend's race
A social media influencer from Texas was disqualified from last weekend's New York City Marathon and banned from future competitions after he ran the race with a camera crew on e-bikes in tow.
Sleepy during the day? You may be at higher risk for a pre-dementia syndrome, study finds
If you find yourself sleepy during your daily activities in your older age, you may need to consider it more than an inconvenience — since the fatigue may indicate you’re at higher risk for developing a condition that can lead to dementia, a new study has found.
Kamala Harris concedes: Here's what she said in her speech
Democratic Vice-President Kamala Harris conceded the U.S. election to Republican Donald Trump Wednesday afternoon, telling her supporters that her 'heart is full.'
Canada's health-care spending expected to outpace economy in 2024: CIHI
The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.
Newfoundland hockey player suspended, banned from local arena after off-ice fight with fan
A combination of a thrown stick and thrown punches have given a senior hockey player in Newfoundland a three-game suspension and an indefinite ban from one of his league's six arenas.
B.C. court allows police to apply to dispose of evidence from Robert Pickton's farm
The B.C. Supreme Court says it has jurisdiction to order the disposal of thousands of pieces of evidence seized from Robert Pickton's pig farm decades ago, whether it was used in his murder trial or not.