![]() “They’re negotiating for two years of high inflation,” not including the inflation that could occur over the next two years. “This is modest given the demands of bargaining in an inflationary agreement,” he added. “A 12.6 per cent wage increase over the term of the contract is not large at all,” Stanford said. Previously, the federal government had offered a nine per cent wage hike over three years, while the union was asking for 13.5 per cent. Jim Stanford, economist and director of think tank Centre for Future Work, echoes Janzen saying the wage increase is not much of a raise. Meanwhile, in March average hourly wages rose 5.3 per cent. Inflation in March was 4.3 per cent, down from last summer’s highs but still above the Bank of Canada’s target of two per cent. Inflation has been outpacing wage gains for years, but in February, average hourly wages began rising faster than inflation. However, he warns that because the agreement is retroactive and unionized workplaces negotiate contracts every few years or so, that it’s really just “compensating workers for inflation that has already happened, not so much planning for future inflation.” ![]() “In future union negotiations, expect to see larger wage settlements than we’re used to seeing.” “We’ve even seen some really decent pay increases that have been bargained in the private sector,” she added “such as some of the steel worker locals.” And Statistics Canada data shows that while there were fewer work stoppages in 2022 compared with 2021, the average length of those stoppages doubled.Īs contracts come up for renewal in the next couple of years, unions will be fighting for wage gains to make up for previous years of inflation, says RBC senior economist Nathan Janzen. These negotiations are taking place among sectors typically not seen before like retail and hospitality, Coates said. For instance, Ontario saw its largest residential construction strike in 20 years last year, which delayed the building of much-needed housing. Patty Coates, president of the Ontario Federation of Labour, says more workers are demanding pay hikes in the private sector as well - and getting them. ![]() A number of factors come into play here, namely usage factor, lifespan, performance and most importantly, the security aspect. “It shows other workers that their wages are not keeping up with inflation either and if these people fought back, they can try to fight back as well.” Encryption Key Algorithm and Size When talking about encryption keys, that the correct algorithm and key size be chosen is of utmost importance. is usually read aloud as that is, namely, or to wit, but is sometimes pronounced as it is spelled, viz.: /vz/. “This strike sends up a flare that illuminates the landscape,” says Canadian Centre for Policy Alternatives’ Ontario Director Randy Robinson.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |