FREDERICTON — The New Brunswick government will increase the province’s minimum wage by $2 per hour next year — the largest increase in 40 years.
Labour Minister Trevor Holder says New Brunswick’s current minimum wage of $11.75 per hour is the lowest in the country.
He says the increase to $13.75 per hour will come in two increments of one dollar on April 1 and Oct. 1.
Holder says it’s a one-time course correction intended to make New Brunswick more competitive and improve the standard of living for low-income earners.
The minister says that while it will impact small businesses, the increase will help to recruit and retain employees.
Holder says in 2023, increases in the minimum wage will again be tied to increases in the consumer price index.
This report by The Canadian Press was first published Dec. 2, 2021.