Pay and Productivity in Canada: Growing Together, Only Slower than Ever

David Williams

International Productivity Monitor, 2021, vol. 40, 3-26

Abstract: Pay and labour productivity growth in Canada are broadly aligned over the long run since 1961 and during the 2008-19 business cycle. The slowdown in Canada’s productivity growth rate since 2000, the general stability of the labour share, and the lack of further gains in labour’s terms of trade after 2008 largely explain the slowdown in workers’ real pay growth over the 2008-19 business cycle. Canadians should be concerned about the country’s persistently low productivity growth because it leads to low real pay growth. Canada’s policymaking institutions should prioritize understanding and accelerating productivity

Keywords: labour productivity; pay (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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