indicatorThe Twenty-Four

Real wages down in Alberta

Adjusting for inflation, wages last year were 5.4% below 2014

By Rob Roach, ATB Economics 28 February 2022 less than a minute

The inflation-adjusted annual average weekly wage in Alberta fell for the sixth time in seven years in 2021 with the 2.1% increase in 2020 largely due to the disruptive effects of the pandemic.

Looking at 2021, the average weekly wage in Alberta was 1.1% lower than in 2020 and 5.4% below the peak set in 2014.

Nationally, the inflation-adjusted average weekly wage has slipped only twice over the same seven year period.

After spiking by 6.0% in 2020, the average annual wage in Canada pulled back by 0.4% in 2021. It was, however, 6.9% higher than it was in 2014.

On the bright side, the average weekly wage in Alberta remained the highest among the provinces last year at $1,226 compared to a national average of $1,131. The next highest weekly pay was in Ontario at $1,167. The lowest was in P.E.I. where it was $946. 

Answer to the previous trivia question: The McDonald brothers opened their first restaurant in 1937.

Today’s trivia question: Who holds the record for the largest sports contract?

The inflation-adjusted annual average weekly wage in Alberta fell for the sixth time in seven years in 2021

The inflation-adjusted annual average weekly wage in Alberta fell for the sixth time in seven years in 2021


Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.