General Business Updates and News

[panamaniac]

Inflation has been pretty low over the last few years. The Bank of Canada’s inflation calculator says that $100 in 2015 is $107.25 now, for a 7.25% increase:

https://www.bankofcanada.ca/rates/relate...alculator/

That being said, that means the real increase in wages is under 3% over 5 years, so not very much.

Inflation has been low, if you don't include 2020 (as we aren't done yet) and go 2014-2019, numbers are even worse at 108.59...for a real wage increase of 1.4% over 5 years.

What is most interesting is this is "tech sector wages" which are already quite high, I'd be curious how the lowest percentile did, chances are they lost ground on inflation.

FWIW, my wage was well short of inflation for the first 3 years of my employment, it was...frustrating.

Time to start a union drive ....  :0