The BC Government announced today that the minimum wage is set to increase to $15.20 as of June 1, 2021, after which a yearly increase will be tied to inflation – commonly known as the Consumer Price Index (CPI) – to provide predictability going forward.
“The Surrey Board of Trade was a leader in calling for the indexing of additional minimum wage increases to the Consumer Price Index, unless CPI decreases below zero,” said Anita Huberman, CEO of the Surrey Board of Trade. “This is to provide stability for minimum wage earners and predictability for employers going forward.”
“Stagnation followed by a huge ‘catch-up’ jump in wages was too hard on everyone for the past 5 years and was unfair to small business owners. It only makes sense to stabilize increases by indexing to a significant and impartial metric, the CPI.”
- general minimum wage increases to $15.20 an hour from $14.60 an hour on June 1, 2021;
- liquor server minimum wage of $13.95 an hour is being replaced with the general minimum wage of $15.20 an hour;
- live-in camp leader minimum wage, per day, increases to $121.65 from $116.86; and
- resident caretaker minimum wage, per month, increases to $912.28, plus $36.56 per suite for those who manage nine to 60 residential suites and to $3,107.42 for 61 or more suites.
MORE INFORMATION: https://news.gov.bc.ca/releases/2021LBR0017-000668
To read the 2018 Surrey Board of Trade policy on the minimum wage visit https://businessinsurrey.com/2018/06/surrey-board-of-trade-calls-for-stability-in-minimum-wage-increases/
Anita Huberman, 604-634-0342, firstname.lastname@example.org