“Wages continue to struggle to keep pace with inflation”

1. WAGES – CANADA –
MAY 2019
PaulYoung CPA CGA
July 25, 2019

2. PaulYoung - Bio
• CPA, CGA
• Financial Solutions – FOPM and FPM
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – SupplyChain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
■ Wages
■ Job Quality andWages
■ Employment – Natural Resources
■ Middle Class
■ 2017 Income by Province
■ Wages – Blog
■ Middle Class – Blog
■ Poverty / Blog

4. Introductory
“Wages continue to struggle to keep pace with inflation”
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190829/dq190829a-eng.htm

5. WAGES
AND
CPI
Source -
https://www150.statcan.gc.c
a/n1/daily-
quotidien/190829/dq190829
a-eng.htm

6. Job Quality andWages

7. EMPLOYMEN
T – NATURAL
RESOURCES
Source – Stats Canada

8. MIDDLE CLASS
Source – Stats Canada
https://www.youtube.com/watch?v=QgbHWFgmSfQ
You do not hike CPP, introduce carbon tax, remove tax credits and then say you are supporting the middle class
https://www.theglobeandmail.com/business/commentary/article-middle-class-increasingly-feeling-the-squeeze-oecd-report-says/
or https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
https://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-pbo/
“Another gift to the government in the report was that the PBO found that in relative terms — lower income Canadians earning
between $12,200 and $23,300 benefited the most, increasing their after-tax income by four per cent.”
Trudeau never had the answers for the middle class - https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau

9. INCOME BY
PROVINCE
Source – Stats Canada

10. Wages / Blog
■
■ https://www.msn.com/en-ca/money/topstories/central-bank-offers-reasons-behind-weak-wages/ar-
BBT0ENS?ocid=spartanntp
■ “In aToronto speech, senior deputy governor CarolynWilkins said weaker wage growth in energy-producing provinces
since the 2014 oil-price slump has dragged down national numbers.
■ But she said even after accounting for these factors, wages have fallen short of where they should be in a tightened job
market that has seen Canada's unemployment rate drop to a 43-year low.
■ "This is particularly puzzling when you consider what businesses are telling us about how hard it is to fill jobs," Wilkins
told theToronto Region Board ofTrade.
■ "As far as I can tell, no one has found a smoking gun," she said of the search for an explanation.
■
1. Companies based wage growth on many factors like profit margins, performance, etc.
2. Liberals have hike CPP rates which eat into payroll related costs
3. Canada has lost FDI! https://www.slideshare.net/paulyoungcga/business-competitiveness-canada

11. Middle Class - Blog
■ The top 1% pay 20% of the income tax. We need to stop thinking this is about taxing rich more because it is
not! = https://www.slideshare.net/paulyoungcga/wealthiest-income-analysis-and-commentary-canada-2017
or https://www.slideshare.net/paulyoungcga/middle-class-and-justin-trudeau
■ Nowhere does this article ever deal with cost and size of govt. It is time to re-look at how services are delivery
including the costing model. https://www.slideshare.net/paulyoungcga/funding-and-economic-issues-ontario
or https://www.slideshare.net/paulyoungcga/value-for-money-and-comprehensive-auditing-all-you-need-to-
know
■ http://www.cfo.com/the-economy/2019/04/governments-must-act-to-ease-middle-class-
squeeze/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO-
email&utm_medium=email&utm_content=CFODailyAlert_Thursday_2019-4-11&utm_term=the-economy

12. Top 1 and Middle Class
■ https://www.liberal.ca/standing-up-for-middle-class-families/
■ You do not stand up for the middle class.Can you show me how the middle class ranks
under your govt? I know in 2014 is when Canada had one of the best middle class -
https://www.youtube.com/watch?v=yOl37VcG89c or
https://www.slideshare.net/paulyoungcga/2019-election-top-1-wealthiest-canada-
june-2019
BTW: doing these type of tweets does not make them right!

13. Poverty
@jyduclos
What does the graph tell you? It tells you that @stephenharper also seen a major drop in poverty with less
population growth. You have more population growth so the 800K+ drop is very misleading!
https://nationalpost.com/pmn/news-pmn/canada-news-pmn/baloney-meter-how-deep-does-the-canada-child-
benefit-cut-child-poverty-rates
https://www.slideshare.net/paulyoungcga/2019-election-poverty-and-income-inequality-august-2019

14. What’s next
■ Next government needs to focus on tax fairness -
https://www.slideshare.net/paulyoungcga/2019-election-taxation-reforming-the-ita-and-
shutting-down-tax-havens
■ Next government need to have more balance approach to the economy including embracing
technological solutions - https://www.slideshare.net/paulyoungcga/2019-election-
technology-sector-canada-may-2019
■ Resolving Trade issues - https://www.slideshare.net/paulyoungcga/2019-election-foreign-
affairs-and-trade-canada-june-2019
■ Next government needs to take hard look at skills gap including better programs to align
people with jobs in demand –
– OSSTF and EFTO need to take some of the blame as they are not directing students in
areas where there are open job opportunities.
https://www.slideshare.net/paulyoungcga/education-skills-and-development-human-
capital-management-canada-may-2019 or
https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management
■ Next government needs to focus on making Canada open for business –
– More regulations – C69 - https://www.cbc.ca/news/politics/tasker-kenney-bill-c69-
amendments-1.5147516
– Trudeau decided to hike CPP - https://www.cfib-fcei.ca/en/media/2019-cpp-increase-
isnt-worth-pain-small-businesses
– Small business tax reforms - https://www.bdo.ca/en-ca/insights/tax/tax-
articles/implications-of-the-governments-tax-changes-on-the-technology-sector/
– Trudeau is not focusing investment on getting goods to market -
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-
investment-canada
– Trudeau environmental ranking is also nothing to brag about as it is on par with Harper
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-
2019 or https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-
canada-may-2019