There is considerable evidence from sources around the globe that not only point to the benefits of a living wage to employees, but also the considerable benefits to businesses. Consider the following summary of the benefits from Living Wage Canada:

EMPLOYEES

• Paid fair compensation for their work
• Raised out of poverty
• Better quality of life
• Improved health
• Increased opportunities for education/skills training

EMPLOYERS

• 
  Reduced absenteeism
• Decreased turnover rates
• Lower recruitment and training costs
• Increased morale, productivity and loyalty
• Recognized as responsible employer

COMMUNITY

• Greater consumer spending power
• Increased spending in local economy
• Increased civic engagement
• Improved health

Source: Click HERE

For more info on Living Wages in Canada, check out http://www.livingwagecanada.ca