An article in the Saskatoon Star Phoenix today has addressed the local minimum wage in Saskatchewan. As of December 1, 2012 we will be seeing an increase to Saskatchewan's minimum wage. The current minimum wage is $9.50 but it will jump 50 cents which was announced today as Sask Party's government's commitment to review minimum wage annually.
While Saskatchewan is experiencing significant economic growth we currently have one of the lowest minimum wages in Canada. This increase, along with significant tax reductions provided by our government to low income earners, means that Saskatchewan will have one of the highest rates of take home pay in Canada for minimum wage workers.
Alberta, with a rate of $9.75, will now boast having the lowest rate followed by Quebec at $9.90. Manitoba, New Brunswick, Newfoundland and Labrador, North West Territories and PEI all are at $10 per hour. The highest is Nunavut with $11 per hour.
In our province this will affect about 22,000 people and this increase will help ensure people earning minimum wage will have a better ability to pay for food, housing and are able to participate in the prosperity of the province. The average weekly wage for someone in Saskatchewan is just over $900. There is also a minimum call-out pay increase to $30.
Since taking office our current government has increased the minimum wage from $7.95 per hour to $10 per hour but this increase comes after being called out as having the lowest minimum wage in the country, which is a bit embarassing considering our economic prosperity. While Saskatchewan continues to boom it is necessary for our wages to go up as cost of housing in Saskatoon and in Saskatchewan in general continues to increase.
As always it is a great time to invest in real estate in Saskatoon as we will continue to see a shortage of housing for all of the people moving here. If you are thinking about buying a house for sale in Saskatoon give me a shout!
Saskatoon Real Estate Agent
Century 21 Fusion