commented on Minimum wage increases in Ontario won’t help with the rising cost of living, owner says
2022-10-15 04:48:31 -0400
That’s a living wage nowadays? Not for an individual. Not if youre a couple with a kid. Rent is $1,500, so much for not more than 1/3 of income on rent or mortgage, groceries is supposed to be 10% of income, you’re not feeding yourself with $60 a week, good luck getting a car, an 8 year old Toyota corolla is $16,000, or 25% of your total income if you get a 3 year loan with ok terms. .
There’s some assumptions going on in this calculation that don’t apply anymore.