The living wage is meant to provide families with basic economic stability and maintain a modest standard of living.The living wage, unlike the minimum wage, is the actual amount that earners need to make to be able to live in a specific community.
The 2016 living wage for Edmonton is $16.69 per hour. This is the amount that a family of four with two parents who work full-time require to live in economic stability and maintain a modest standard of living. This includes being able to afford basic necessities (food, shelter, utilities, clothing, transportation, etc.), to support healthy child development, to avoid financial stress, and to participate in their communities.
The living wage for Edmonton was first calculated in 2015. Each year the living wage is updated to reflect social and economic changes. Since last year, Edmonton’s living wage rate dropped by $0.67. The drop in the living wage is due to changes in government taxes and transfers, particularly in increased benefits through the new Canada Child Benefit (CCB) as well as the Enhanced Alberta Family Employment Tax Credit (AFETC).
Moving forward, the ESPC hopes to work alongside stakeholders and community partners, including the City of Edmonton, to begin the process of formally recognizing living wage employers.