What is a living wage?
A living wage is “the hourly rate at which a household can meet its basic needs, once government transfers have been added to the family’s income (such as the Universal Child Care Benefit) and deductions have been subtracted (such as income taxes and Employment Insurance premiums.
The Guelph & Wellington Task Force of Poverty Elimination calculated the living wage for this area: the average hourly wage required to have adequate housing, healthy food, basic transportation, telephone, school fees, personal care, clothing and footwear, etc., is $15.95 per hour, with each adult working 37.5 hours a week.
Income inequality and wealth inequality
Poverty Erodes DNA in Children – from CBC Radio’s Quirks and Quarks – listen to the podcast.
What about the wealth gap? Read the Canadian Centre for Policy Alternative’s 22-page report.