‘Not a luxurious lifestyle’: $22.40 an hour is deemed to be living wage in Calgary yyc
Lisa Brown, Canmore’s manager of community social development, said in a news release that the living wage data puts into context the affordability concerns of many Albertans.Article content
The Alberta Living Wage Network adjusts its calculations to reflect the lived reality of Albertans, based on the income needs of a two-parent family with two young kids, a lone-parent family with one child, and a single individual living alone.Article content “We hear from people that there are a lot of trade-offs in terms of basic needs if you’re not at that living wage. People have said they have to skip meals in order to make rent,” said Reid, adding that they’ve also heard from seniors who are rationing medications to cut prescription costs.
Government policies that boost affordability, such as the child tax benefit, help to bring the living wage down, Reid said. Interest rates have been raised by the Bank of Canada six times since March in an effort to stop rising inflation. The next interest rate decision is set for December. “The Bank of Canada is trying to raise interest rates to moderate demand with the hope that will eventually cool off prices . . . It’s never been easy to cool off inflation of six or seven per cent down to two per cent without causing a recession.”
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