Though minimum wage just increased, it is still not enough to be considered a living wage, according to a new report.
At the start of October, the minimum wage in Ontario rose to $17.20 per hour, marking a 3.9 per cent increase from the previous rate of $16.55 per hour.
But, the Ontario Living Wage Network (OLWN) says that it still falls short in order to live comfortably in the Greater Toronto Area. Per their report, published Monday, the living wage for the GTA is $26 per hour — $8.80 more than the current minimum wage. Compared to last year, the GTA’s living wage was $25.05 an hour.
A “living wage” is the before-tax income an adult needs to make to cover basic necessities, like the costs of food and shelter, the network said. OLWN says the data is collected for three different households — two 35-year-old parents with two kids ages seven …