The Province of Saskatchewan is increasing minimum wage to $10.96 starting Sunday, October 1st.
The increase is up 24 cents, or 2.2%, from the $10.72 it has been since last October.
Marilyn Braun Pollon is the Prairie Vice-President with the Canadian Federation of Independent Business. She says Saskatchewan employers, on average, pay more than minimum wage anyway.
“We know the majority of small-business owners already pay well more than the minimum wage, as they weigh the education, experience and skills of their employees against their ability of their firm to pay,” Braun Pollon says. “We also know Saskatchewan is home to among the highest weekly earnings in the country.”
Braun Pollon says minimum wage increases will hurt the retail and hospitality sectors in the Province.
She adds although increasing the minimum wage to $15 an hour seems appealing, there is a lot of downside to doing so.
“That would be a 37% increase, and it would have a dramatic impact on youth jobs. We’ve estimated that if you did raise the minimum wage to $15 an hour, it would disproportionally hurt young workers, potentially resulting in thousands of jobs, a minimum of 7,500 youth job losses.”
Minimum wage has increased 10 times since 2007. Back in 2007, those on minimum wage made $7.95 an hour.