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Thursday, November 17, 2016

Workers should be angry

"A newly released study by the Canadian Centre for the Study of Living Standards (CSLS) might explain some of that working class anger.


The study's innocuous sounding title is: Labour Productivity and Real Earnings in Canada, 1976-2014. But its conclusions are almost explosive.


It shows that in Canada, the productivity of labour -- the amount workers produce per unit of effort -- went up by over one per cent per year over the 38 years between 1976 and 2014.


The average worker's earnings, however, barely budged over that same period. The rise in wages was less than one-tenth of one per cent per year. Put differently, the rise in productivity was more than 10 times that of earnings."


New Canadian study explains why working class should be angry




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