The Alberta Worker
Conservative politicians cut taxes so they can give their rich donors more money. After all, taxes are applied to profits, not revenue, and lower taxes means more profits. But that doesn’t sell well with the public, so they tell us that low taxes creates jobs. Except tax cuts don’t create jobs. Let me explain. Companies […]
Between 2012 and 2022, corporate profits in Canada have increased at nearly twice the rate that worker wages have.
Since June 2019, the last month before the UCP implemented their so-called Job Creation Tax Cut, Alberta was one of only two provinces that saw its average wage increase by less than $100 a week.
When accounting for inflation and 5 years of wage freezes, this new contract will result in what amounts to an effective wage cut of over 15%.
Over the last 7 years, the average weekly wage in Alberta has increased at half the rate as inflation.
Travis Toews approved wage increases for AIMCo executives that were as high as 39%.
On average, wages for all Alberta workers are up by more than $35 a week. But most of that increase is with salaried workers.
The husband of the MP for Battlefords–Lloydminster recently posted a job ad for a nanny, offering 19¢ more than minimum wage.
Alberta saw 9 CEOs cut from the top 100 list, compared to 2019.
Or more specifically, there is far more at play regarding inflation than just wages.