Aerospace
Liberal
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Develop a labour market strategy
"A living wage was estimated a few years ago at around $19-$20 an hour. With recent inflation this is likely now around $21-$22 per hour.
Raising the minimum wage by $1 per year would be much more rapid than increases in recent years. It would likely be well ahead of inflation, thus closing the gap more every year. We would aim to have minimum wage catch up to the living wage in about 5 years.
One of their main challenges of minimum wage increases for businesses is that they have little time to adjust and plan for their labour costs. Currently, government gives businesses approximately 6 months notice for minimum wage increases. Having a clear plan on what minimum wage increases will be coming over the next several years will provide much more predictability for businesses and allow them to plan ahead for how they will meet their labour costs." — peigreens.ca backgrounder, 2023-03-10
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"Committing to reviewing the annual minimum wage process and developing a long-term strategy to create a transparent, fair, and predictable process that takes private wage trends into account" — Healthcare First: An Action Plan for Islanders, 2023-03-22
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