61% of Canadians now earn less than the average wage

A new report from CIBC economist Benjamin Tal finds that the quality of employment has fallen over the past 10 years, with an increasing number of low-paying jobs.

Youth and Canadians over 55 are trapped in service and retail jobs that pay less than the average wage. Even among workers 25 to 54, 53% have jobs that pay less than the average Canadian wage.

Jobs created since 2003 are more likely to be low paying.

During the 2008-09 recession the number of part-time jobs rose to 20% of all jobs. Since then the percentage of part-time jobs has only dropped by 1%.

Only 15% of workers 15 to 24 are employed. This is down from 25% in 1980.

Those most likely to do part-time work are over 55, with more than 60% of older workers in part-time jobs.

Most of those in the middle of the wage range are seeing less than average growth over the past ten years and the wage gap is growing.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s