Metro Vancouver’s living wage rises to $ 20.52 in 2021

The level wage in Metro Vancouver and other municipalities in BC is some distance away from the province’s minimum wage of $ 15.20.

Article content

Two full-time parents with two young children must earn $ 20.52 an hour just to make ends meet in Metro Vancouver, according to a new report released Tuesday.

Advertising

Article content

The latest 2021 Living Wage update estimates that the cost of living in Metro Vancouver has increased by about seven percent since 2019, mainly driven by increases in housing and telecommunications costs.

In Metro Vancouver, $ 20.52 per person. hourly wage – or a $ 37,346 annual wage for each parent – about a dollar higher than in 2019. (The group did not calculate the level wage for 2020 due to the disruption and shift in employment and expenses due to the COVID-19 pandemic.)

That is significantly higher than BC’s minimum wage of $ 15.20, one of the report’s authors noted.

“The reality is that a number of families across BC are earning less than a living wage and struggling to cope with the rising cost of living, especially housing costs,” said Anastasia French, Living Wage for Families BC organizer.

Advertising

Article content

A living wage is defined by what a family needs based on the costs of their communities, taking into account public benefits and deductions.

The report set out a “bare bones” budget that included food, shelter, transportation, childcare fees and other household expenses such as personal care, household items and minimal recreation and entertainment. The budget does not include credit card payments or loans or savings for retirement or a child’s future education.

The increase in 2021 was largely due to rising house prices, including utilities, telecommunications and food prices.

Housing takes up the bulk of a family’s budget in Metro Vancouver, with an average monthly rent for a three-bedroom unit rising 8.6 percent over the past two years to $ 1,850, the report quotes a Canada Mortgage and Housing Corporation’s lease. market research.

Advertising

Article content

The report noted that measures such as the rent ban implemented by the BC government during the pandemic helped keep spending down, as did other policy changes, including the elimination of MSP premiums, childcare investments and a new BC child benefit.

“These changes have helped offset the increase in family spending since 2018, which has improved the affordability of modest and middle-income families with young children, demonstrating the strength of good public policy to make life more affordable for families,” French said.

The report, produced annually by the Canadian Center for Policy Alternatives and Living Wage for Families BC, also included living wage calculations for 14 other communities throughout BC

Advertising

Article content

Greater Victoria saw its living wage rise by more than five percent since 2019 to $ 20.46 an hour. The level salary for Sunshine Coast is $ 19.79, for Nanaimo $ 16.33, for Fraser Valley $ 16.75 and $ 18.49 in Kelowna.

The movement to provide workers with a living wage seems to be gaining momentum.

This year, Living Wage for Families BC has certified more than 100 new living wage employers – double the amount in a previous year. It is an indication that paying a living wage could be a solution to employment challenges caused by the pandemic, French said.

Currently, more than 300 organizations in BC have been certified as employers for the living wage, including the City of Vancouver. Ten municipalities have also adopted a living wage policy.

[email protected]

twitter.com/cherylchan

Advertising

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourages all readers to share their views on our articles. Comments can take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications – you will now receive an email if you receive a reply to your comment, which is an update to a comment thread you follow, or if a user you follow comments. Visit our Community Guidelines for more information and details on adjusting your email settings.

Leave a Comment