Complex Factors Affecting Real Wages and Job Market Shifts

The chapter explores the intricacies of real wages and their relationship with inflation, highlighting recent rises in real wages in Canada following a decrease in inflation rates. It discusses wage disparities across income brackets, the impact of shifting job trends towards higher-paying occupations, and challenges faced by recent immigrants in the labor market. The chapter also delves into the complexities behind reported labor shortages in low-wage sectors, the contrast in wage growth approaches between Canada and the US, and the implications of remote work trends on job seekers and the job market.