Living wage in Prince George increases by 4.2%
PRINCE GEORGE — A new report has shown that the living wage continues to rise in B.C., meaning that families are struggling to make ends meet.
The 2023 Living Wage report was released on Wednesday and has found that the rising costs of rent, food, gas prices and other necessities has driven this year’s increase of the living wage in Prince George and across the province. The living wage is the hourly rate that each of two parents working full-time needs to earn in order to support a family of four in their community. It is calculated by determining the cost of a basket of goods and services that reflect a decent, if modest, standard of living and takes into account basic needs like housing, food, child care, transportation, health-care expenses not covered by the provincial medical services plan.
“The increase in Prince George, the increase in the living wage is about 4.2%. It’s about the same as generally inflation. So it’s tracking general inflation ever so slightly higher. What this represents is is still a very big increase. And the reality is that many people’s wages have not gone up by that much.” – Iglika Ivanova, CCPA Senior Economist
