Forget the worker shortage — there’s a wage shortage, according to a prominent Canadian economist’s analysis of new Statistics Canada data.
According to the analysis, two-thirds of job postings are offering wages too low to attract applicants.
David MacDonald, senior economist for the Canadian Centre for Policy Alternatives, analyzed data from a new temporary labour force survey question that asked workers what the lowest wage was they would accept. He then compared that data to the available jobs posted, and found that 63 per cent of job postings aren’t meeting the minimum worker expectations for wages — in some industries, by a lot.