Quote:
Originally Posted by YOWetal
Very few people saw their rent increase $8400. People don't move every year.
So food is up 40%. Minimum wage has gone from $11 to $17.20 so that's more than a 50% increase. CCB went from $1500 (ish $1900 taxable) or per child to average of $7000. Rest of inflation is far below 40% so working poor familes are obviously better off though most of the gains were 2015-2017 when the biggest CCB boost happened and before inflation. A case of what have you done for me lately.
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Your math is dubious.
Very few Canadians were earning minimum wage when it was set to $11, so a $6 bump was not something most people saw. As statcan reports, the number of min wage earners has basically doubled when minimum wage went up. These numbers go to 2018:
https://www150.statcan.gc.ca/n1/pub/...019003-eng.htm
More proof of that is actually looking at the incomes of people by income quintiles. Over a 40 hour work week, a $6 minimum wage increase would amount to a nearly $12,000 annual increase in pay but in reality the lowest quintile have only seen their income go up
$3000 since 2015. Even including the CCB, nearly the entirety of that bump has been eaten up by housing increases.
Not everyone moves all the time, but 2015 was a long time ago. Younger people and people in poverty are far more likely to move on a regular basis (or at least once in the last 9 years) and are far more likely to be paying market rates for rentals than a relatively wealthy person with tenure in a paid off house or rent controlled apartment.