Quote:
Originally Posted by opendoor
Alberta is definitely getting hit harder than most of the rest of Canada. Inflation is basically the same over the last 5 years between both (about 18%), but Alberta's median wage growth has only been about 12% while Canada's overall median wage growth has been about 23%. So while Canada overall has seen pretty good real wage growth of about 5%, Alberta's has been decidedly negative.
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I expect it’s because Alberta was starting from a place of higher median incomes to begin with. Most of the recent wage growth in North America has gone to sectors facing labour shortages - the service industry and trades - and Alberta already had relatively high wages in those sectors. University-educated white collar workers haven’t seen much wage growth anywhere.