The Prince Edward Island government says it will increase the minimum wage an extra 60 cents by April 1, 2027.
The province said in a news release Thursday that it will incrementally increase the minimum hourly wage to $17.60 through two planned hikes.
The first will be on Oct. 1 of this year when the rate will go up to $17.30 from the current $17. Minimum wage will go up another 30 cents the following April.
Minimum wage in P.E.I. reached $17 on Wednesday.
The province’s Employment Standards Board reviews the minimum wage annually and provides recommendations for increases to the government.
A minimum wage hike and a spike in gas prices have some P.E.I. businesses hurting
Despite the increases, the Canadian Centre for Policy Alternatives says P.E.I.’s rate falls short of a living wage.
In 2024, the organization published a report that looked at costs associated with everyday expenses like food, shelter, transportation and child care. At that time, it set the living wage for P.E.I. at $22.76 per hour.
More recently, the think tank released a report that looked at the affordability of renting an apartment in Charlottetown.
It put the required minimum wage needed to rent an apartment in the capital city at just over $19 an hour for a one-bedroom and $23 for a two-bedroom apartment, meaning neither this increase nor the one would meet the mark.
Source: CBC News
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