Capitalists don’t care that for many people, wages aren’t high enough to sustain a decent lifestyle, one where you don’t have to worry about how you’ll pay your bills or where you next meal will come from. They don’t care that low wages reduces purchasing power of consumers. They don’t care that raising wages would […]
Cutting salaries and cutting positions makes a bad economy worse, not better.
Most of them were in oil and gas.
Earlier this month, the Canadian Centre for Policy Alternatives released a report on CEO compensation in Canada. In it, David Macdonald, a senior economist with the CCPA, reviews the data behind compensation for CEOs for 2019 and predicts 2020 compensation—which hasn’t been released yet—based on company share performance. For example, he found that, in 2018, […]
Travis Toews doesn’t like that Alberta nurses asked for a 7% wage increase over 4 years, but he’s not telling you the whole story.
When Travis Toews, Alberta’s finance minister, commented last week on wage negotiations between the Alberta Union of Provincial Employees and Alberta Public Service, one thing he mentioned was that “Alberta’s government has led the way with pay cuts for the Premier, MLAs and most recently for political staff”. The pay cuts to MLAs he’s referring […]
Alberta’s provincial government proposed cutting union wages by 5 points more than an arbitrator awarded this past spring.
Non-union wages are too low.