New Brunswick’s minimum wage will see a substantial increase, jumping from the current $14.75 per hour to $15.30 from April 1, 2024.
The change marks a significant step in the province’s ongoing efforts to maintain competitive wage standards within the Atlantic Canada region.
The upcoming wage increase of 55 cents marks a 36% rise in the province’s minimum wage since 2019, reflecting the Government of New Brunswick’s proactive stance on wage issues.
Additionally, the government has mandated a biennial review of the policy linking minimum wage increases to the CPI, with the next review scheduled for this year.
This process ensures that wage adjustments remain aligned with economic conditions, benefiting both workers and businesses in New Brunswick.
Since 2019, a system for predictable minimum wage increases has been in place, linking adjustments to New Brunswick’s consumer price index (CPI). The CPI experienced a growth of 3.6% in 2023, influencing the upcoming wage increase.
New Brunswick Minimum Wage Increase Reaction
“Our government’s attention to the province’s minimum wage over the past five years has ensured New Brunswick wages are competitive within Atlantic Canada,” said Post-Secondary Education, Training and Labour Minister Arlene Dunn.
“Predictable minimum wage increases, which we established in 2019, protect earners from increases in inflation and help businesses to be better prepared for increases when they occur.
“Maintaining a competitive minimum wage cannot be our only focus in terms of helping individuals find ways to improve their quality of life.
“That is why we remain committed to supporting New Brunswickers with upskilling and their career growth to help them reach higher levels of earning.”