Performance Indicator 1: Hourly Wage
Where BC Ranks, Provincial Comparison |
(Updated May 21, 2008) |
| Year |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
Rank |
3 |
3 |
3 |
3 |
3 |
3 |
3 |
3 |
3 |
3 |
|
Performance Indicator One follows the inflation-adjusted average hourly wage rate. As this indicator is ranked from the worker's
perspective, a higher wage earns a better rank.
In 2007, BC ranked third in real average hourly wage in Canada, as it has since 1998. Alberta was second from 1998 through 2004 but
overtook Ontario at first in 2005. Between 1998 and 2007, the real average hourly wage fell in BC, earning the province an eighth
place ranking for improvement among the provinces. The wage rate also fell in Ontario and Quebec over this period. Wage growth
between 2005 and 2007 brought BC back up to its 2000 level.
Why It's Important
Real average hourly wages are a useful
measure of individual prosperity. Flat
real wages indicate that wages are
simply keeping up with increases in living
expenses. |
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