Edmonton’s Living Wage 2024
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Executive Summary
A living wage is rooted in the belief that individuals and families should not just survive, but live with dignity and participate in their community. Differing from the minimum wage, a living wage carefully considers common expenses people pay to live and the wage necessary to cover these expenses for themselves and/or their families and to reach basic financial security.
It is a calculation of the hourly rate at which a household can meet a modest standard of living, once government transfers have been added to the household’s income and deductions have been subtracted.
In 2024, the living wage is $20.85, a decrease of $1.40 from the previous year.
While inflation has increased significantly over the past year, expenses for the living wage reference families have gone down. The largest decreases this year were seen in clothing and footwear, due to changes in shopping patterns, and childcare, due to the gradual implementation of $10/day childcare. At the same time, the reference living wage families saw an increase in government benefits they are eligible for. These trends worked together to lower the living wage.
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What is Edmonton’s Living Wage for 2022?
A living wage is an ...hourly wage that a primary income earner must make to provide for themselves and their families, and reach basic financial security. As the cost of living rises every year, it takes more and more money to support a family. This year's report marks some exciting changes to the living wage as this year's calculation now considers the cost of living for a family of four, a single-parent family, and a single adult! Join us for this launch event to learn the new living wage figures for 2022, learn more about the living wage, and how to get involved in the Alberta Living Wage Network.
When: Tuesday, November 15, 2022, @ noon!
Presenters: Sydney Sheloff, Strategic Research Coordinator, Edmonton Social Planning Council and Ryan Lacanilao, Coordinator, Alberta Living Wage Network
https://edmontonsocialplanning.ca/2022/11/14/edmonton-living-wage-2022-update/
https://livingwagealberta.ca/[+] Show More
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