Economics
Wage Anxiety Casts a Shadow Over Canada’s Booming Job Market
- Poll finds only one in 10 believes new position would pay more
- Unemployment rate is holding at its lowest since the 1970s
This article is for subscribers only.
A key indicator of Canada’s labor-market health remains depressed, even with the economy producing some of the biggest pay increases in years and the unemployment rate sitting at a four-decade low.
Workers are doubtful switching jobs would leave them better off financially, according to a Nanos Research Group poll conducted for Bloomberg News. Only one in 10 respondents said their wages would increase if they lost their jobs or chose to find a new one, while about seven in 10 said they’d probably be paid the same or less.