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November 14, 2013

Living Wage Makes Good Business Sense

You may have seen the Globe and Mail's recent series on Canada's inequality problem. One of the things the series looks at is Canada's Wage Gap.

Last week I had the chance to participate in a Tamarack Institute tele-learning session on how the Living Wage Makes Good Business Sense.

You can listen to the thought-provoking podcast here.

The session looked at what it has meant for two organizations to become living wage employers: Vancity and the Hamilton Wentworth District School Board.
Hamilton Wentworth District School Board is the first elected body in Ontario to become a living wage employer.

The podcast gets into the nuts and bolts of what it takes to become a living wage employer. It is a process that takes time and the commitment to make it happen.


But it is clear that there have been real benefits for both Vancity and the Hamilton Wentworth District School Board in becoming living wage employers. Things like increased productivity and lower turnover, for instance.

And they talk about the challenges: immediate budget implications and finding suppliers who are willing and able to pay the living wage among other things.

Making sure people are paid a living wage is one of the keys to reversing Canada's growing income inequality. It is good to see more employers stepping up to pay a living wage.

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