We believe the living wage reflects those costs,” said a speaker from Vancity Investment Management Ltd., which submitted the shareholder proposal at Loblaw’s annual general meeting of shareholders Thursday. determine the feasibility of paying its employees a living wage — one that varies by location and is calculated by its cost of living. A living wage is an hourly rate set by looking at an area’s typical expenses such as food, housing, transportation, child care and other expenses. The proposal called for Loblaw to review the feasibility, cost and benefits of implementing a living wage policy for its employees, suppliers and contractors. In Metro Vancouver, workers paid a living wage would receive $20.91 per hour, according to a report from the Canadian Centre for Policy Alternatives.

Source: thestar May 03, 2018 18:26 UTC