Total compensation is up, so why aren’t wages? You might have heard economists in average per-worker wages, an Looking at provincial breakdowns, on the news saying that workers’ increase in the number of workers and only British Columbia and Nova wages increased in 2023 and an increase in the average number of Scotia had average compensation wondered why their numbers were hours worked. [...] In 2023, the number growth higher than the increase in so different from what you saw on of employees in Canada increased CPI. [...] While compensation includes the combined of workers, the average worker’s PEI boasted an impressive total wages, salaries and benefits received compensation growth in 2023 was compensation growth of 8.2%, the by all employees in the economy. [...] For example, the average compensation we take into consideration the in total compensation discussed for workers in professional, scientific increase in the number of workers. [...] Inflation – The Consumer Price Index (CPI), which measures changes in the cost of goods and services, rose by 2.7% in April compared to the previous year.
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