Public sector wages not on pace with inflation
Governments in Nova Scotia, Newfoundland and Labrador, Manitoba, and Saskatchewan are now either imposing or pushing wage freezes and/or cuts on public sector workers in their provinces. Over the past seven years, base wage increases in collective agreements for public sector workers across Canada averaged just 1.4% year, while consumer price inflation increased by an average of 1.7% annually. Nationally, this adds up to a real wage decline of more than 2% since 2009. In Nova Scotia, the loss of wages and retirement income is distressing. Here is the economic impact of one year of a four-year collective agreement imposed on public sector workers by the Liberal government. $322 million lower GDP in the fourth year Equal to almost 0.7% (almost a full percentage point lower GDP) 1,500 non-government jobs lost in the fourth year Mostly private sector jobs lost from indirect and induced impacts of lower spending by public sector … Read more…