Description: The general rule is that if something is in demand, then the price goes up. But while employment is growing in both Canada and the United States, and shortages of workers could become a problem as the baby boomers move into retirement, wages have not been growing. Economists have offered a variety of explanations, including such factors as government policy, global competitive factors and weaker trade unions.
Date: April 9, 2018
1) What is the labour market looking like for summer jobs for students at your school?
2) How are wages looking this summer versus last year?
3) The article gives a variety of explanations for the failure of wages to match job growth. Which factor do you think is the most significant?