As the ramifications of inflation continue to ripple throughout the Canadian economy, rampant staffing shortages are leading to increases in employment wages, one economist say.
“If workers are in short supply then companies just have to pay more to not only attract new workers but to retain current staff so that people don’t leave for other companies,” he told CTVNews.ca in a phone interview Thursday. Stockton said a wage increase was the only option for retaining and obtaining employees in a competitive market of music educators.
To fill such gaps, some employers are reverting to technological alternatives instead of hiring more staff. Givex’s technology allows services to pivot to online sales, which can alleviate the pressure to hire more employees during a time of inflation.
Wuflu.
It has absolutely nothing to do with staffing and definitely not wage increases unless they are the large increases for the corrupt government elite.
Classic! Hang it around the necks of the working people. Well done!
LoL wage increases are not fanning inflation by responding to them quel idiot …. It’s rampant government spending their way out of problems that is causing inflation
Ldrs thru free world are creating global crisis inflation/recession like never in history. Printing money/spending & not producing energy 2 offset Susp/firing ppl 4 refusing a jab, that still spreads/catches for a 3yr old, 99.8 recovery bug, creating staff/food/energy shortages
A fifty cent raise is the cause of inflation? Is anyone stupid enough to believe that!
Greed...new consumers adding demand pressures while Asian suplliers struggle with lockdowns
What, wait a minute, you have been blaming Ukraine, new orders from in high?
Stop blaming low wage employees and start blaming people in power.
Because. It. Is. Too. Goddamn. Easy. To. Get. Free. Money. Under. JustinTrudeau.
Why are crimes against humanity to people with disabilities ignored?
How was it in 2010 when Canada was recovering from the 2008-09 recession, the worst in history Didn't see you howling about disaster then!! But back in 2010 it was a conservative government so that was alright eh?
LOL blame the people and not govt policies which are the real culprits.
Because we gave all our money away? Bought and threw away crap vaccines, gave a ton of cash to Ukraine, spent a ton on covid relief and now want it back? Maybe
justinflation
WCLC doesn’t pay shit to the little kiosks. They say money goes to charity most goes in the pockets of the guys sitting in an office building their pockets
How about because people who didn’t take the gene soup got fired while those who took it keep getting sick with a disease
Did you actually think big corporations would let people keep their CERB money. “Inflation”. Is how they get their cut.
They make a dollar, I make a dime, that's why I sh1t on company time.
They aren’t. Corporate profits are. By FAR.
This can't be serious, right?
Liberal inflicted higher fuel prices are the real culprit in inflation.
It go's back to housing prices
What a good way to frame only raises with wage workers. How is your raise doing for your already $100k+ salary jobs as businesses execs, journalists, and politicians? Shell_Canada JustinTrudeau fordnation CBCNews McDonaldsCanada CPHO_Canada petrocanada
I'm pretty sure it was the fiat money Trudeau printed for the last how many years. Our dollar has no value. He bought off giant corporations & BoC is raising rates all in a plan to bring in full control over the people. Because poor ppl & hungry ppl are controllable
Ummmm, because more money into the economy will increase demand and feed inflation? Do I get a prize?
No one want’s to work their life away just to get by. Life is short and prosper are waking up to that fact.
Mmm, yes, those pesky wage increases are certainly why Loblaws was forced into the corner with no choice to artificially inflate the price of bread. Yes, that sounds likely. I swear, some of y'all growing up in this country didn't even watch The Raccoons at all, or something.
Wage increases will lead to higher interest rates, not a bad thing overall, if wage increases were actually the problem.
Those CEOs are going to have to cut their own wages to stop inflation. What a load of bs
Because CTV News is a 💩 stain on the internet .
What wage increases oh you mean corporate greed
Big Oil and greedy corporations are to blame for rising prices.
You definitely skipped ECON101
I love this new spin on inflation! Increased worker wages! Call it for what it is! Corporate gouging!
Because our government is incompetent
wage increases FANNING INFLATION lmaooo How about the working class got fucked and are getting milked hard while corporate greed is at all time highs. How is this my 1 dollar raises fault? WE NEED HIGHER WAGES, stop framing the workers as the problem you d bags.
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