This document discusses issues facing Canada's middle class, including wages, employment, and the goods producing sector. It notes that wages have struggled under Liberal policies which have increased costs through measures like carbon taxes. The middle class size is shrinking as the cost of living in major cities increases and GDP growth remains an issue. All levels of government will need to work together to support GDP, rein in expenses, and focus on areas like skills training, technology and infrastructure to help the middle class.

1. Middle Class –
Wages and
Employment
PAUL YOUNG CPA CGA
JUNE 2020

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

4. Job Recovery / July 2020

5. Wages and Jobs

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 -

9. Middle
Class
(based on
wages)

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