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Saskatchewan's minimum wage is moving up to eighth place in the country as of October 1st.

Effective October 1st 2015, Saskatchewan's minimum employees will see a 30 cent increase from $10.20 an hour to $10.50 an hour. This is the seventh time the province has increased it's wage since 2007.

"When we admitted our legislation a little over a year ago, we made a commitment that it would automatically bump up every year by the cost of living, and we give about six months notice to do it," said Minister of Labour Relations and Workplace Safety, Don Morgan. "Under the calculation that it would have went from $10.20 to $10.47, we've made the decision t round it up to $10.50."

There are almost 24,000 people working for minimum wage in Saskatchewan.

"We know that about ten per cent of our workers are at or near minimum wage, so they will be effected by having an increase," he added. "We think that it's a modest enough increase that it will not impair employers from continuing to hire people. A lot of the people that earn minimum wage are part-time workers, people that are working in the hospitality industry and restaurants, so for them it gives a very definite benefit."

The Government of Saskatchewan is also assisting minimum wage earners by increasing the basic personal tax exemption, the child tax credit and the Saskatchewan Low Income Tax Credit.