Saturday 10 January 2009

Share and share alike

The Centre for the Study of Living Standards in Canada, in a report issued last week, suggests that from 1980 to 2005 Canadian labour productivity increased by 37 per cent, while wages - adjusted for inflation - showed no real increase at all over the same period.

The study went on to suggest that if earnings had kept pace with the increase in the productivity over, full-time workers in Canada would have enjoyed a median income of $56,826 in 2005, considerably more than the $41,401 median income that they actually earned.

So, who's keeping all the gains?

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