Wages across all industries have failed to keep pace with inflation, which hit a three-decade high last month. During the same period, average hourly wages rose 3.4 per cent, just half the rate of inflation, according to the latest data from Statistics Canada. “It will be difficult to recoup this three per cent difference.”Some industries are keeping wages up with inflation better than others. “With the new inflation numbers, now 75 per cent of workers are seeing real wage losses because of how much inflation has gone up,” Macdonald said. Porter said sectors with high vacancy rates will face the biggest pressure to increase wages.

Source: thestar April 21, 2022 13:58 UTC