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.
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