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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

More Jobs And Higher Pay...

Posted on 12/21/2006 06:28 AM | Link | Post Comment
At least that is the news for some folks. The year to date average salary increase is 3.1% which is higher than the current rate of inflation (which is always worrying, because that usually starts inflation up). The areas where wages are increasing the most are health and social assistance, followed by educational services retail and then manufacturing. There are over 187,000 more employees than from the start of the year in Canada too.

More jobs, and more wages, is a good thing, I think. The areas where salaries are increasing is quite interesting too. Health and Social Assistance is an interesting area to hear growth in wages, but also worrying. I think it is due to these areas getting little or no increases in the past few years, but now a lot of the new monies going to this area are going to wages? Educational Services is again another area where more money is going into, but it is being taken up by wage settlements. This kind of "catch up" helps the folks working in the areas, but does it add services or needed machinery or needed facilities? I don't want to sound like I am against Teachers, and Nurses getting pay raises, but I'd like to see more money going to making the whole system better not just raising wages.

Interesting, no mention of high tech, and manufacturing employees are well below the average too. Not news to us in High Tech, but still interesting. --C8j

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