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APEC says businesses would benefit from minimum wage predictability

Nova Scotia province currently has the lowest minimum wage in Canada
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HALIFAX - The Atlantic Provinces Economic Council says Nova Scotia would benefit from predictability and consistency when it comes to raising the minimum wage.

In a report card released this week, APEC took a look at who is making minimum wage and how wage increases can affect both employees and businesses.

The council estimates 64,000 or 6.6 per cent of Atlantic Canadians earned minimum wage in 2016.

David Chaundy, APEC's director of research, says the key to raising minimum wage is consistency.

He told NEWS 95.7 that wage hikes in Nova Scotia are tied to the consumer price index, and he wants other provinces to do the same

He added this system helps businesses develop plans and pricing strategies, as well as guarantees wage increases for employees.

"If you're a business, like a food service establishment, where your wage costs are a big part of what goes into your pricing strategies, knowing when those increases are going to take place is very important," said Chaundy. 

Nova Scotia currently has the lowest minimum wage in the country at $10.85 an hour.

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