Public sector leading the way on reducing pay gaps
But inflation and low government wage offers threaten to erase those gains.
David Macdonald (he/him) is a senior economist with the Canadian Centre for Policy Alternatives. Follow him on Twitter at @DavidMacCdn.
But inflation and low government wage offers threaten to erase those gains.
Federal public sector workers haven’t seen an inflation-adjusted raise since 2007—the worst of any industry in Canada.
Remarks to the Agriculture and Agri-Food Committee of the House of Commons
We need to do better at getting benefits to those who need them.
We’re not expecting many bells and whistles in this federal budget. It doesn’t need to be that way.
There’s more money on the table—but without adequate strings attached, the provinces could end up spending it on tax cuts instead of fixing health care.
While they might have helped in the summer of last year, interest rate hikes are now actually increasing inflation.
CCPA Senior Economist David Macdonald breaks down the numbers by creating a new methodology, which shows that corporate profits are eating up the vast majority of the extra inflation dollars, far outpacing increased labour costs or other expenses.
The 100 best-paid CEOs in Canada broke every compensation record in the books in 2021, some of which reflects excess corporate profits due to record-high inflation.
On the whole, Canada’s richest one per cent got a decent raise in the first year of the pandemic; the bottom 50 per cent? Not so much.
The federal government just released its latest fiscal update. CCPA senior economist David Macdonald has the details.
This is a remarkable story of economic recovery from the depths of the COVID-19 lockdown impacts. The next chapter will be written by the provinces as they decide what to do with their unexpected budget surpluses.
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