P.E.I. announces 2 increases to minimum wage in 2023
CBC
Prince Edward Island's minimum wage will rise to $15 per hour by the end of next year.
On Tuesday, the P.E.I. government announced two increases to the minimum wage that will be implemented over the next year.
The first increase will be by 80 cents on Jan. 1, 2023, taking the rate to $14.50 per hour. The second increase will be 50 cents on Oct. 1 of next year, bringing the wage to $15 per hour.
The minimum wage last rose on April 1 of this year, to $13.70.
Next year's increases will mean a jump of 9.4 per cent over the course of 18 months.
The changes were announced the same day P.E.I. marked another month with the highest inflation rate in the country.
The Island's inflation rate has been the country's highest every month since March 2021, with the annual rate peaking in May at 11.1 per cent.
News of the minimum wage increases followed the Employment Standards Board's annual review process.
The board took submissions from Islanders as part of this review, before reaching its recommendations for the amount by which the minimum wage should rise.
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