Ecommerce giant will phase out bonuses and stock program after US$15 an hour minimum wage announcement.
Formula would create incentives for car companies to pay wages far higher than the current average US$2.04 per hour.
New contract includes 2% annual wage increases, higher shift premiums, introduction of a millwright apprenticeship program.
Minimum wage should be raised by 19% to the equivalent of about $5 per day.
Universities can’t deliver company-specific skills, they need to be acquired at the company level.
August figures also show a long-awaited improvement in wage growth.
Few concrete proposals made on contentious issues like dispute-resolution.
US and Canadian auto unions say Mexican autoworkers earn about one-ninth of average wages north of the border.
Tightening Mexico’s labour laws and strengthening unionization could push wages up.
Average autoworker wage in Mexico at just over $4 an hour.
Many businesses are opposed to the wage hike, showing particular issue with the pace of its implementation.
Beyond the politics, there is much more to minimum wage hikes than just wanting to provide the working class with better wages.
But debt-to-income ratio is still near a record high, StatsCan says.
Canadians who turned 30 between 2000 and 2014 had a family income that was equal to, or greater than what their parents earned at the same age.
Chamber of Commerce says employers are particularly concerned about potential changes to unionization.