The minimum wage is going up in the province. Beginning on October 1 of this year, minimum wage earners will receive $13.00 per hour as opposed to the current $11.81.
The hike will be indexed in each of the following two years as well. On October 1, 2023, it will rise to $14 per hour, and in 2024, it rises to $15 per hour.
“World events continue to put upward pressure on the cost of living in Saskatchewan and across Canada,” Labour Relations and Workplace Safety Minister Don Morgan said. “Our government is committed to ensuring life is affordable for our low income residents by increasing the minimum wage over the next three years. This commitment to affordability will support Saskatchewan workers, and ensure Saskatchewan is the best place to live, work, and raise a family.”
The government's release notes that the increases to minimum wage reflect a market adjustment, rather than using the province’s traditional indexation formula. The indexation formula gives equal weight to changes to the Consumer Price Index and Average Hourly Wage for Saskatchewan. However, for this year as well as 2023 and 2024, the increase to minimum wage will reflect a move to more closely align workers’ salaries with changing market forces.
Over the three year period, the minimum wage rate in the province will rise 27 percent.