Quote:
Originally Posted by belsarius
They talk about that methodology ..
I think the other thing to consider is that there were a variety of reasons a wage will rise, especially over a long enough time period. The average salary in 1997 for all workers has outpaced inflation in Alberta for the past 25 years. The boom in the early 2000s forced wages a lot higher for all people, regardless of their industry. You could argue that using a 1997 base ignores the market implications. Consider the minimum wage was only $5 in 1997, accounting for inflation alone means it should only be $9.46.
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It certainly is cherry picking the time when teachers wages were the highest relative to inflation. I think that even there we didn’t Cherry pick data statement ends right after the wage ramp ups from the lows of the post Klein cuts and into Klein spending phases. Essentially the Alberta boom period is not a reasonable time to compare anyone’s salary to on a post 2015 basis.
Really this should be demand based Are we having issues filling positions and it sounds like we are getting to that point so wages today seem to be roughly appropriate to supply demand.
Another way of looking at it would be that inflation from when the 2020 contract was signed to 2024 was 15.5% or 3.7% per year so a 3.7% increase per year over last year and the following 3 years would be a reasonable backwards looking tool to maintain the purchasing power at the start of the previous collective agreement.