10/1/11

Is Hudak right? Are settlements exceeding growth?

As part of his campaign to justify his 'last resort' plan to freeze public sector wages, Progressive Conservative leader Tim Hudak told reporters that he 'would try to negotiate with the province’s unions to ensure wages don’t rise faster than economic growth in the future.'

Well public sector wage settlements this year are about half of the inflation rate. This means wages are falling in terms of what you can actually buy, never mind getting any part of the economic growth of the province.


Public sector settlements are also lower than private sector settlements. And they were lower than inflation and lower than private sector settlements last year too.

Faster than economic growth? It's hard to solve economic problems if you prefer to make up myths and blame the innocent.



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