New living wage report pegs Kamloops household earning threshold at $23.69 per hour
KAMLOOPS — The cost of living is a recurring headline lately, and a new report released this week shows the amount of money you need to earn to maintain an average lifestyle has shot up.
The living wage for Kamloops is now calculated at $23.69 per hour for a two-person household with two children or dependents. Minimum wage in B.C. sits at $17.40 an hour.
CFJC Today spoke with one of the report’s authors, Iglika Ivanova, who is a senior economist and Public Interest Researcher at the Canadian Centre for Policy Alternatives BC (CCPA-BC). Last year, the living wage for Kamloops was calculated at $20.91, while latest figures released this week show a two-parent, two-child family needs to make $23.69 per hour to live a basic lifestyle in Kamloops.