Should Toronto have a higher minimum wage than the rest of Ontario?
Some U.S. cities have began setting their own minimum wages to help less fortunate residents as urban living costs continue to rise along with urban inequality.
Should Toronto start doing the same?
According to the Canada Mortgage and Housing Corporation, the average new single-detached home in Toronto cost $835,000. The average new single-detached home in Windsor: $335,590.
This points out the obvious: the cost of living wildly varies across Ontario.
So then why doesn’t the minimum wage do the same?
Minimum wage is currently set at $11.00 in Ontario, but with low-wage jobs and high housing costs, some economists are now starting to think wages should vary in more expensive cities.
It’s expensive to live in Toronto! Should the city have its own minimum wage, higher than the provincial standard, in order to ensure that Torontonians can enjoy a fair and comfortable life?