07-21-2020, 07:42 AM
(07-16-2020, 04:27 PM)ijmorlan Wrote:(07-16-2020, 10:59 AM)panamaniac Wrote: Does a 10% increase in wages over the past five years even match inflation over the same period? Seems like treading water to me.
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.
But how does that compare to other industries in the same time period?