A pandemic-driven exodus of young families out of Canada’s largest cities has depleted a core age group of workers from the already tight labour market, which experts say risks accelerating wage inflation in certain industries.
“That’s a whole sort of cohort of workers missing,” said Mike Moffatt, an economist and senior director of the Smart Prosperity Institute. “You’ve got the sort of entry level people, but that middle, people in their 30s and 40s, they’re moving out.”64,000 people left Greater Toronto Indeed, the race for space has led to faster price gains outside Toronto and its suburbs than within.
“That increases labour costs, that increases the cost of output and that further drives the inflation spiral.” But remote does not work in the industries with the most critical shortages – warehousing, retail, manufacturing and education and healthcare. Filling those jobs, particularly as more people trade in tiny downtown condos for far-flung detached homes, remains an expensive challenge.
$15 min slave wage isn't wage inflation 😂🤦♀️ it's not even a livable wage for any region in Ontario, which you can find here
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