Description: With rising inflation in Canada, workers are asking for raises to keep up with the costs. If they don’t get one, they are showing an increasing willingness to move on to a new job. This change in employee outlook is quite intriguing. James Orlando, an economist at TD bank, said that “workers have not had this level of bargaining power in decades.”

Date:  March 18, 2022

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/inflation-rising-wages-1.6384530

Discussion points:

1) if you have a part-time job, have you had a raise recently ? Are you anticipating making a higher wage at your summer job this year?

2) Would you be willing to leave your job if you don’t get a wage increase?

3) Chapter 10 in Wiley’s Managerial Accounting: Tools for Business Decision-Making discusses budgetary planning. How might the changing wage landscape impact the budgeting process?