Difference between minimum wage and a living wage

A:

Minimum wage is the legal minimum that employers must pay employees. Currently in Quebec, a single person earning minimum wage ($10.55/hour) working full time (37.5 hours/week) takes home $18,749/year. According to Statistics Canada, the low-income cut-off is $21,359/year.

The living wage is the minimum level that allows full-time workers earn enough to support themselves and their families, while also having the opportunity to potentially earn a higher income. According to one study, a single person living in Montreal would need an annual disposable income of $24,532. 


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