What is the Alberta Minimum Wage and its History?
The Alberta Minimum Wage (AMW) is the minimum wage set by the Government of Alberta. It is a legislated wage that covers employees who work in Alberta.
The first minimum wage law was passed in Ontario in 1918, with Canada’s first federal minimum wage law being passed in 1918, followed by the British Columbia Minimum Wage Act of 1923. The AMW was introduced on May 1, 2015, and increased to $15 per hour on October 1, 2016, and then again to $16.50 per hour on October 1, 2017.
The history of the Alberta Minimum Wage can be traced back to 1919 when Albertans voted for a “living wage”. In 1923, the British Columbia government passed Canada’s first federal minimum wage act which was enacted by Prime Minister Mackenzie King and applied to all industries outside of agriculture and fishing.
The Alberta government introduced its legislation in 1926 with a living wage set at $2/day or $8/week which was raised to $ 3/day by 1927. The first Canadian province to adopt a minimum wage was Prince Edward Island in 1947. Other provinces followed and the first national minimum wage legislation was passed in 1974, under the Liberal government of Pierre Trudeau.
In 1991, Canada’s 10 provinces and 3 territories began negotiating a new framework of labor standards, which resulted in the Canada Labour Code being enacted. in 1995.
By the late 1990s, many of the worker protections that had been enacted on a federal level under the Canada Labour Code were gradually being eroded through what came to be known as “the harmonization of labor standards”.
What Does the New Alberta Minimum Wage Mean for Miners and Other Industries?
The new Alberta minimum wage means that the province has moved from a low-wage economy to a higher-wage one. The new minimum wage has had an impact on the mining industry, as it is going up from $12.20 to $15.20 per hour in October 2018.
The Alberta government announced that it would be increasing its minimum wage by 20% for all workers in the province, which was effective in October 2018. The increase in the minimum wage will result in a significant increase in income for many workers and help them afford necessities such as food, housing, and transportation.
How Will the Minimum Wage Increase Affect You?
The minimum wage will increase from $7.25 to $15.00 by 2025. This means that the cost of living will rise and businesses will need to adjust and make some changes to stay afloat.
How will the minimum wage increase affect you?
A) You’ll have more money in your pocket because it’ll be easier for you to find a job with a higher salary
B) You’ll have less money in your pocket because it’ll be harder for you to find a job with a higher salary
C) Your employer won’t be able to afford the new minimum wage, so they might lay off employees or cut hours
D) Your employer will pass on the increased costs to their customers
Alberta’s New Minimum Wage Has Been a Big Win for Workers in 2018
The new minimum wage in Alberta is a big win for workers. It has helped increase the buying power of low-income earners and benefits all Albertans.
The minimum wage in Alberta increased from $12.20 to $13.60 per hour on October 1, 2018, which means that the average hourly wage for an Albertan will be $24.53 per hour, up from $21.20 per hour before the increase was implemented.
The new minimum wage will also help lower-income Albertans who are not covered by employment standards legislation due to their age or disability, as they will be able to earn enough money to live on with a much higher hourly rate than before the increase was implemented.
The new minimum wage is set to rise again in 2019 and 2020 as well, so it’s likely this trend of increasing wages for lower-income earners will continue!
Alberta Minimum Wage Changes Have Impacted Businesses Too
Recently, Alberta has changed the minimum wage from $12.20/hour to $15/hour. For businesses in the province, this means a significant increase in their labor costs.
The impact of these changes on business can be seen in the decrease in hiring and investment as companies try to find ways to cut costs.
While many people are concerned about these changes, some believe that these changes will not have a significant impact on business, as employers are already adjusting their business models and strategies to accommodate this change.
What Does the Current Minimum Wage Mean for Workers in Canada?
The current minimum wage in Canada is $11.40 per hour. The minimum wage has been a major issue that has faced Canada since the late 1800s.
A minimum wage means different things to different people. For some, it’s a living wage that allows them to provide for themselves and their families, while for others it’s just an entry-level salary that they need to work their way up to something better.
What Are the Risks of Increasing Minimum Wage?
When an hourly rate increases, it can lead to a decrease in productivity. This is because the higher the wage, the more time an employee needs to spend on their work.
This is especially true for small businesses that have a limited budget. If they raise wages too high, they might lose their employees and have to close down shop.