The Canadian government has increased the minimum wage rate for private sector employees. Amid the rising cost of living in Canada, the increase in the minimum wage in the private sector will provide relief to those doing temporary jobs. Especially Indian students and workers may get some relief.
The Canadian government has increased the minimum wage rate for employees working in the private sector. From April 1, Canada has increased the minimum wage for those working in the federally regulated private sector from 17.30 Canadian dollars to 17.75 dollars per hour. This will especially benefit Indians living in Canada. Indians studying and working in Canada will get some relief from this amid rising inflation and high house rents.
The Canadian government led by Mark Carney says that this will reduce economic inequality in Canada. Canada's Employment and Labour Minister Steven Mackinnon said in this regard, 'The federal minimum wage is meant to bring stability and certainty to both Canadian employees and businesses and help reduce income inequality. This increase in the minimum wage takes us closer to building a better economy.
Different rates in different provinces
The minimum wage rate in Canada varies from province to province. Companies have been asked to update their payroll systems and ensure that all employees and interns are paid at the increased rate. The federal minimum wage rate in Canada changes every year from April 1. It is based on the Consumer Price Index. That is, the salary is changed every year according to inflation.
Inflation is increasing in Canada in recent times. House rents have also increased rapidly. The former Justin Trudeau government had to face a lot of criticism for inflation. Some time ago, due to the increased demand for food items, the food bank had stopped providing food to international students. In such a situation, increasing the minimum wage will definitely provide some relief to such people.
Why is it good news for Indians?
Indians constitute 3.7 percent of Canada's population. Indian workers account for 22 percent of Canada's temporary workforce or gig economy. More than 13.5 lakh people in Canada are of Indian origin. Indians in Canada work in retail, healthcare, construction and many other sectors. In such a situation, this salary hike will benefit not only employees but also Indian students, as interns are also included in it.