The \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
If not inflation, what?
Meanwhile, British Columbia, Quebec and Ontario have outperformed on wages and income over the past three years., St-Arnaud says the underperformance is broad-based across industries. Second is an adjustment after the energy boom-bust cycle. In the 2000s and early years of the 2010s, high demand for labour drove wages in Alberta well above the national average. What is happening now is a return to normal with wages more in line with the rest of the country, said the economist.
Even today as Albertans see the biggest drop in purchasing power, they still earn more on average than households in the rest of the country.
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Posthaste: Albertans hit hardest by inflation as 'Alberta advantage' melts awayThe \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
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