A change will be coming to the minimum wage for Saskatchewan residents.

Announced earlier in June 2018, the change will take effect on the upcoming Monday, October 1.

The change brings up the wage from $10.96 an hour to $11.06 an hour, leaving Saskatchewan with the second lowest minimum wage amongst provinces/territories.

In a press release from yesterday, the Government of Saskatchewan said that the raise amount is calculated with a formula.

"Each year, the minimum wage is reviewed using an indexation formula. The formula is based on equal weighting of the change of the Consumer Price Index and the Average Hourly Wage for Saskatchewan from the previous year. Using this formula, it was determined that Saskatchewan's minimum wage should increase. This is the 10th increase to the minimum wage since 2007 when the minimum wage was $7.95."

When asked about the reason for low minimum wage increases, the Saskatchewan Government said that some factors within the province lowered the amount.

"Saskatchewan's approach of indexation provides predictable increases for employees and employers across the province. Saskatchewan also ensures people have a higher disposable income by having a lower personal income tax," said the written statement. "Additionally, we have exempted 112,000 people from paying provincial income tax."

Each year before June 30 the provincial government announces if there will be a rise in minimum wage, they say that this is done to let employers have enough time to adjust to the change.

The Government of Saskatchewan said that even though they have one of the lowest minimum wages, they are not worried about losing population because of it.

"Our population has increased for 49 consecutive quarters making it the longest period of sustained growth since quarterly records were first kept beginning in 1971. This past year, Saskatchewan's population increased by 11,280."