This document summarizes information on wages, employment, and the middle class in Canada based on recent data. It discusses wage growth in July 2020, recovery in jobs in August 2020, differences between public and private sector wages, and the percentage of Canadians in the middle-income bracket based on wages. It also analyzes challenges facing the middle class under current policies and economic conditions. Next steps proposed include cooperation across levels of government to support GDP growth, reigning in government expenses, and focusing more on skills training, technology, and goods production and distribution.
1. Middle Class –
Wages and
Employment
PAUL YOUNG CPA CGA
BASED ON AUGUST
EMPLOYMENT AND JULY 2020
WAGES
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Wages / May 2020
Above Average Wages / July 2020
Goods to Market / July 2020
PBO / Federal Wages
Public Sector vs Private Sector Wages
Middle class % (based on wages)
Blog – Middle Class
What’s next
6. Goods Producing Sector
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/200827/dq200827a-eng.htm
https://financialpost.com/executive/posthaste-canadas-
economic-recovery-is-already-flagging-it-may-be-time-for-
new-finance-ministers-
freeconomics?utm_medium=Social&utm_source=Twitter#
Echobox=1598530551
@cafreeland views have always been government
should take care of you. Freeland could care less if
her new spending is affordable as that is not her
agenda! Freeland does not care, but I can guarantee
bond rating companies will care about her spending
and deficits.
https://www.slideshare.net/paulyoungcga/gdp-canada-
real-truth-august-2020
Neither Navdeep Bains nor Chrystia Freeland are putting
much focus on goods producing sector unless it means
adding both more taxes and regulations.
7. PBO / Federal Wages
Source - https://www.pbo-dpb.gc.ca/en/blog/news/RP-2021-018-M--public-service-use-paid-leave-reasons-
related-to-covid-19--utilisation-fonction-publique-conges-payes-raisons-liees-covid-19
8. Public vs Private Sector Wages
Source - https://www.fraserinstitute.org/studies/comparing-government-and-private-sector-compensation-in-canada-2020 https://www.globenewswire.com/news-
release/2020/01/30/1977289/0/en/Fraser-Institute-News-Release-Public-sector-workers-in-Atlantic-Canada-were-paid-11-9-per-cent-higher-wages-than-comparable-private-sector-
workers-in-2018.html or https://www.fraserinstitute.org/article/trudeau-government-must-rein-in-compensation-for-government-workers
• Nova Scotia’s premier says public-sector workers will
have to dampen their wage expectations in the coming
years as the province grapples with a projected $853-
million deficit as a result of the COVID-19 pandemic.
Source -
https://www.canadianmanufacturing.com/financing/fight
-against-nova-scotias-deficit-will-need-co-operation-of-
labour-premier-258215/
• All levels of government will need to tackle their
operational expenses include wage/benefit reforms -
10. Blog – Middle Class
Middle class has struggle under Liberal policies -
https://www.cp24.com/news/liberals-foresee-high-
unemployment-343-billion-deficit-due-to-covid-19-1.5015223
Middle class has seen carbon tax, hikes to payroll taxes,
elimination of boutique tax credits -
https://www.slideshare.net/paulyoungcga/canada-what-is-
happening-with-the-middle-class
Housing - https://rates.ca/resources/so-much-middle-class-
housing-toronto?utm_campaign=middleclass
You need to make over $135K year to be able to afford to live in
big cities like Toronto -
https://www.facebook.com/watch/?v=3094566090664676
GDP needs to be fix -
https://www.slideshare.net/paulyoungcga/canada-gdp-and-
economy-truth-and-what-needs-to-change
11. Income Supplement (CERB and EI)
I support all programs that will help take people off welfare to move them to a good quality job. My concerns are the Libs'
focus is purely on failed green policies that will do little to support GDP growth for the near-term and L/T.
https://www.slideshare.net/paulyoungcga/policy-employment-insurance-and-cerb-canada-august-2020
TD is saying what many other economists have also said that this program should not rush out https://economics.td.com/ca-
pandemic-support
Finance Minister Freeland should be discussing policies that will support the goods producing sector which is about 30% of
the Canadian GDP -https://www.slideshare.net/paulyoungcga/gdp-canada-real-truth-august-2020
12. What’s next
All levels of government will need to work together to
support GDP growth -
https://www.slideshare.net/paulyoungcga/canada-gdp-
and-economy-truth-and-what-needs-to-change
All levels of government need to reign in their expenses
- https://www.slideshare.net/paulyoungcga/how-to-
reform-local-and-municipal-government-237070928
More focus on human capital management policies -
https://www.slideshare.net/paulyoungcga/automation-
and-human-capital-management-human-resources
More focus on technology -
https://www.slideshare.net/paulyoungcga/technology-
canada-and-the-world
More focus on getting goods to market -
https://www.slideshare.net/paulyoungcga/how-best-to-
get-goods-to-market