Effective April 1, 2024, the minimum wage in Yukon is $17.59 per hour.
Current Yukon Minimum Wage Details
As of April 1, 2024, Yukon's minimum wage increased to $17.59 per hour. This represents an increase from the previous rate of $16.77 per hour. The adjustment is based on the 2023 Consumer Price Index (CPI) for Whitehorse, which registered a 4.9 per cent increase, reflecting changes in the cost of living.
For clarity, here's a breakdown of the recent minimum wage rates:
| Effective Date | Minimum Wage | Previous Minimum Wage |
|---|---|---|
| April 1, 2024 | $17.59 per hour | $16.77 per hour |
| Before April 1, 2024 | $16.77 per hour | (Lower rate) |
Understanding Minimum Wage Adjustments
Minimum wages are periodically adjusted to account for inflation and changes in the cost of living, ensuring that workers' earnings maintain their purchasing power. In Yukon, these adjustments often align with the Consumer Price Index (CPI), a key economic indicator that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
This approach helps to ensure that the minimum wage remains relevant and fair, supporting employees while also providing predictability for businesses.
For the latest official information regarding Yukon's minimum wage, you can refer to announcements from the Government of Yukon: The Yukon's minimum wage increases to $17.59 per hour
