Why Are We Not Seeing Higher Wage Growth?

Many employers continue to struggle to fill vacant positions, despite the end of most pandemic restrictions — and the underlying explanations for this vary depending on who you ask. A common notion is that people just don’t want to work anymore. But when Canada’s unemployment rate is at its lowest level in decades, does the data really bear that out? Today on Front Burner, economist and Atkinson Fellow Armine Yalnizyan debunks common myths and explains how the current labour crunch has roots stretching back well before the pandemic — and what to expect moving forward.