Critical action needed by Premier Doug Ford on Ontario’s minimum wage: “If a $20 minimum wage had been implemented in 2021 the October 1 minimum wage would be more than $24 an hour.”
Critical action needed by Premier Doug Ford on Ontario’s minimum wage: “If a $20 minimum wage had been implemented in 2021 the October 1 minimum wage would be more than $24 an hour.”
On October 1, Ontario’s adult minimum wage will be adjusted to $17.95. But this 35-cent hourly change only represents last year’s cost of living increase, and is a far cry from what is actually needed to help workers keep up with rising prices.
“The average 2-bedroom apartment in this province still costs more than $2,100 a month,” said Deena Ladd, Executive Director of the Workers’ Action Centre. “And even with the additional 35 cents, a person working full time at that rate would not have enough money to cover it.”
Statistics Canada recently released data that show, in 2024 when the survey was conducted, almost 1 in every 4 households “lived in housing unaffordable to them” and more than 1 in every 3 renters spent over 30% of their income on rent.
“Even if inflation has stabilized, that doesn’t mean prices are coming down. It means already high prices continue to rise, but not as fast,” said Ladd. “An apartment that was $2,100 last year will still cost that much–and more–next year. Food prices, as we are witnessing on a daily basis, continue to rise. Meanwhile, the Ford Government is not paying attention to how hard it is for workers to make ends meet.”
“We are facing an unprecedented cost of living crisis–a crisis that is set to get even worse as the effects of tariffs ripple through the economy,” said Ladd. “There’s also the impact of war causing higher gasoline prices and shipping costs, so workers’ food and living expenses could get a lot worse in the months ahead.”
“The 35-cent bump in the minimum wage is a legislated minimum, mandated by 2014 legislation,” said Ladd. “If the $20 minimum wage had been implemented in 2021, when we first called for it, the minimum wage taking effect on October 1 would be $24.10.”
“At this moment, we need government action at all levels to support workers and their families, including: a higher minimum wage, limits on the cost of food, meaningful rent control for every renter, and investments in non-market, social housing,” said Ladd.
“Both the provincial and federal governments must step up to stop the epidemic of wage theft underway in Ontario and across Canada. The lack of enforcement of basic employment standards means a growing number of corporations can ignore existing wage laws and profit at workers’ expense.”
For more information or to arrange an interview call Workers’ Action Centre organizer Pam Frache at 416-578-3472 (cell).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260925659952/en/
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for October
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
The 10 Best Companies to Invest in Now
10 Top-Performing US Dividend Stocks