Quote:
Originally Posted by Mazrim
Makes sense to me. Alberta wages were higher than probably necessary for a long time so slower growth would line up with a more mobile workforce these days. BC wages for example were surprisingly low in some professional fields with their high cost of living so it's about time they caught up.
|
+1
I think some people might be forgetting how far out front Alberta was in 2014. It's been a decade and the O&G sector is still a shadow of its former self and the huge, outsized wages that move the needle have yet to return in a meaningful way (if ever). You don't need to look any further than the housing market... Many properties have been stagnant and are still below their 2014 levels, only increasing now due to inter-provincial migration and not because of the strength of the provincial government.