It’s Living Wage Week and United Way Perth-Huron’s Social Research & Planning Council announces the new living wage of $22.75 an hour, up from $20.70 last year.
“As the cost of living in the places we call home continues to rise, it’s becoming more important than ever for people across our communities to talk about how we can make our region more livable and that includes concepts like a living wage,” says Kristin Crane, director of Social Research & Planning. “This year, we’re seeing the increases in the cost of food and housing driving the increase in the living wage. Food and shelter are obviously fundamental to personal well-being, and that highlights how important it is for wages to be responsive to inflation so the economic pressures many individuals and families face are reduced.”
Based on a 35-hour work week, the Perth-Huron living wage was calculated using local data and considered the living expenses of a weighted average of three family types including a family of four, a single mother supporting a seven-year-old child and a single adult, once government transfers and deductions were taken into account. Everyday expenses in the calculation included food, housing, utilities, clothing, childcare and transportation. For more information about Perth-Huron’s living wage, GO HERE.
“We understand it’s challenging for businesses to think about increasing their expenses, particularly at a time when so many organizations are feeling the pressure of higher pricing themselves,” added Crane. “But we continue to hear from certified living wage employers that paying a living wage helps in many ways and over time, from reducing turnover and increasing productivity to boosting morale. While paying a living wage may seem daunting, organizations benefit in the long run.”
“A living wage is another facet of helping make sure more people are able to take part in the life of their community and not feel isolated or stressed,” added United Way Perth-Huron Executive Director Ryan Erb. “Not having enough to get by has such a profoundly negative effect on a person’s life. If we want a fairer, more welcoming place to live, the living wage is another tool to help make sure that as we continue to grow and create opportunities as a community, everyone can benefit.”