Income from employment that is sufficient to cover the cost of living in a given region is not only vital to reducing poverty but is a necessary component to a resilient city and economy. People need more than the bare minimum, this includes enough income to cover bank fees, education and training, internet costs, and the ability to save for an unexpected event. Other principles identified by Living Wage Canada include a wage that enables working families to have sufficient income to cover reasonable costs, promote social inclusion, and support healthy child development.
Working in collaboration with other municipalities, Vibrant Communities Calgary has adopted the new standardized methodology to calculate the living wage rate for Calgary. The 2020 living wage is $20.69 per hour, a substantial 27% increase from the 2018 rate of $16.45, and a difference of 39% from Alberta’s minimum wage of $15 per hour.