Statistics Canada says average weekly earnings for non-farm payrolls actually fell 0.3 per cent in September, when compared with August, to $872.75.
On a year-over-year basis, the increase in earnings has dropped to 1.1 per cent from 12 months ago, the lowest pace of improvement since November, 2009.
Hey, Canada - this is important. This is something we hugely need to be paying attention do. Due to steadily rising costs of living and a basically stagnant economy, we’re getting paid less and less in terms of actual purchasing power to do exactly the same work. Even though our GDP is growing, we’re actually steadily worse off over time, because
This is not the sort of thing that gets mentioned much in federal-level economic policy, because right now it’s apparently all about eliminating government debt by defunding the CBC and giving everyone tax credits for their kids’ piano lessons. This is unfortunate, since real wages are basically the strongest measure of how well our labour markets are going, and right now they’re looking pretty dismal.
(via jakke)
(via jakke)
Source: The Globe and Mail
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westcoasty said:
is that because farm pay-rolls couldnt possibly fall without workers paying the farms to work there?
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jakke posted this
