Real wages and productivity during the COVID-19 pandemic

Articles and reports: 36-28-0001202201000002


Rising wages and prices have characterized 2021 and 2022. Soaring unit labour costs have raised competitiveness concerns. This article examines the relationship between real wages and productivity to see whether real wage growth (growth in real total compensation per hour worked) has lagged behind labour productivity growth in recent years. It examines whether the result is sensitive to differences in the definition of real wages.

Issue Number: 2022010
Author(s): Leung, Danny; Macdonald, Ryan
FormatRelease dateMore information
HTMLOctober 27, 2022
PDFOctober 27, 2022