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So, did you get a 3% raise last year? The average Canadian did. See the first chart below.
If not, you’re behind the average Canadian. And even with a small offset of increased hours worked going up by only 1% for the 12 months ending last June, at worst, the average Canadian saw a 2% raise. And if you want to see if people in your province earned even MORE than that 2%, scroll all the way down. Hint: only 3 provinces were below the average.
So did you get a 2% raise? If not, do you know who, politically, is responsible for that?
Could it be the 1% and their political compatriots?
I think so.
Average weekly earnings of non-farm payroll employees were $898.00 in June, up 0.6% from the previous month. On a year-over-year basis, earnings increased 3.0%.
Chart 1
Year-over-year change in average weekly hours and average weekly earnings
via The Daily — Payroll employment, earnings and hours, June 2012.
Chart 3
Year-over-year growth in average weekly earnings by province, June 2011 to June 2012
via The Daily — Payroll employment, earnings and hours, June 2012.
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Thinking of the 1%, “average” is such a tricky concept in these matters. If the top 1% of wage earners got 50% wage increases, does that mean they push the “average” up by 0.5% only? Or is the “average” taken by adding all the wage money together for one year, all the wage money together for the next year, and figuring the % difference of the total? In which case it’d be pretty easy for the “average” to go up by 3% while only the top 10% or so saw a red cent and lots of the lower orders saw income actually fall. Not saying that’s necessarily what happened, I’m just saying an average can conceal a multitude of distributional sins.
absolutely!