
It’s that time of year again. Every year, when October 1st rolls around, there is a chance that the minimum wage rates may increase based on the inflation rate. Nearly a million workers—around 942,400—benefitted from bigger paycheques this month. The Ontario government increased the minimum wage to $16.55 an hour, up from $15.50 an hour—a 6.8% pay raise for low-income workers. With some quick math, that works out to an increase of almost $2,200 per year for someone who puts in a 40-hour work week. This new minimum wage is the highest of any province in the country (though it…