Here is my latest report on wages and employment for September 2020 and October 2020.

1. Wages and
Employment –
Canada
PAUL YOUNG CPA CGA
NOVEMBER 26, 2020

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
Contact information: paul.young@ca.ibm.com

3. 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

4. Agenda
 Wages (Sep/20 vs Sep/19 and the average for
the past five years)
 Wages – September 2020 (Wages) and
Employment (October 2020)
 Job Recovery – October 2020
 Federal Govt Wages
 Middle class
 CERB
 Youth Employment

5. Wages Analysis

6. Wages /
Employme
nt

7. Job
Recovery /
October
2020

8. 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.

9. 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

10. 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 -

11. Above the Average Wage
(based on wages)

12. Canada Tax Burden
Source - https://www.iheartradio.ca/newstalk-1010/news/report-lower-income-canadians-paying-higher-taxes-
1.13793800?fbclid=IwAR0-LG7xGoRUuIdaUHF_YtkD4eXRpFItbMc718EJ962bKoTIvqqwSi36PiU

13. 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

14. 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

15. Youth Employment
@JustinTrudeau should also be reminded that he is doing nothing for the economy other than
pushing UBI! There is a job crisis in Canada which Trudeau and @cafreeland have never
acknowledge! https://www.slideshare.net/paulyoungcga/canada-and-youth-employment-
analysis-and-commentary

16. 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
 Adopting tax policy and regulations to better support the circular
economy (i.e. zero waste) -
https://www.slideshare.net/paulyoungcga/how-to-best-support-
a-circular-economy