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Statistics Canada said young employees, less educated employees, part timers and people in service industries were most likely to be paid minimum wage.
the good news story is that it has come back meaningfully in recent years. That not necessarily good news to everyone some employers could say that wage costs are making them a bit uncompetitive, although there I think the real issue is the currency, not wages. a share of average wages, Porter added, Nike Air Huarache Grey And Blue
The Statistics Canada report also found there is now a bigger portion of Canadians earning the minimum wage, with 6.7 per cent of all paid employees earning those wages in 2013, up from five per cent in 1997.
TORONTO The average minimum wage has remained unchanged in real terms for almost four decades, but economists say more recent increases are likely to continue in the coming years.
is because a portion of those who were paid just above the former minimum rate became paid at the new, revised rate and joined the group of minimum wage earners. said the increase in minimum wage workers isn surprising in the face of falling unionization rates an a shift toward service jobs.
Between 1975 and 2013, however, the minimum wage in 2013 dollars, varied, slipping to $7.53 in 1986 before rising to $8.81 in 1996 and up to 2003, the real minimum wage remained stable at around $8.50.
you looking at it in terms of have we made any progress, well, in real terms, no, there hasn been any growth in almost 40 years adjusted for inflation, said Doug Porter, chief economist with the Bank of Montreal.
Minimum wage in 2013 same as 1975 in constant dollars
But, he said that as many provinces are now indexing their minimum wages to inflation, problem should not repeat itself. further increases above the inflation rate are needed to actually make low paid workers better off Nike Huarache Nm Grey
than four decades ago, he said.
haven seen any major negative impacts, and if anything some of the positive effects may have won out, he said
Derek Burleton, deputy chief economist at TD Bank, said the trend stems in part from a catch up effect after years of government inaction, adding that the current rates are helping young people and low income individuals, given some of the big cost increases households are facing, especially when it comes to housing.
some degree, the increase in the proportion of minimum wage employees during those years was the result of increases in the minimum wage rate in many provinces, Statistics Canada said.
the minimum wage has been climbing fairly steadily since the low was reached back in the mid 80s.
Statistics Canada said Wednesday the average minimum wage was $10.14 in 2013 and the 1975 wage, expressed in 2013 dollars, was $10.13.
is an international trend where you seen a shift toward industries that both pay toward the upper end of the income scale and the lower end, where the minimum wage shops fall, he said.
when I look at Nike Air Huarache Textile Women's the recent trend of minimum wages, I think that given the fact they been held stable for so long, they been increased over a gradual period of time, it doesn seem like it had any huge Nike Air Huarache White And Black
impact on employment. a period of significant decline in the minimum wage in real terms, Burleton added, the rebound over the past five to 10 years has positioned companies well to absorb the increases.
on what certain provinces are doing, I think it fair to assume that it will continue to climb in the years ahead, even adjusted for inflation, he said.
Erin Weir, an economist with the United Steelworkers, pointed out that the figures show that Canada lowest paid workers only a penny an hour over the past four decades.
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