Living Wage is the basic hourly wage required for a family of four with both parents working full-time year-round to meet basic needs and maintain a decent standard of living. Based on the actual costs of living in a given community, Living Wage provides a basic level of economic security, but still represents a conservative, bare bones budget. The Fraser Valley’s Living Wage was calculated based on the premise of social and economic inclusion for all.
Living Wage is calculated based on a bare bones budget for a healthy family of four with two children aged 4 and 7 and each parent working 35hrs/week and 52wks/year. At a Living Wage, this family can meet its basic expenses once government transfers have been added and government deductions and taxes have been subtracted.
*For details on the Living Wage Calculation see Living Wage Fraser Valley: 2016 Update
Fraser Valley Living Wage Employers
A Fraser Valley family where both parents work full-time full-year at Living Wage earns the amount required to meet their basic annual household expenses of $60,285 (accounting for government taxes and transfers). At B.C.'s minimum wage of $10.45, the same family earns only $38,038. This is less than two-thirds of the amount required to make ends meet, and sets them almost $1000 below the 2012 LIM-Before Tax poverty line.
Despite working full-time, a large number of Fraser Valley residents are currently earning much less than what is required to meet their basic needs and provide a decent standard of living for their families.
For more statistics, see the Abbotsford Poverty Fact Sheet 2015.
Living Wage Fraser Valley (LWFV) is a voluntary multi-sectoral group that works to reduce poverty by raising community awareness, influencing local policy and recognizing local employers who pay their employees a living wage. We believe that people who work full time should not live in poverty and that working individuals should maintain a decent standard of living where they can participate fully in society. Living Wage Fraser Valley is hosted by Vibrant Abbotsford and partnered with Living Wage for Families via the Living Wage Employer Certification Program.