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The primary cause of the early 1980s recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation. [5] During the Great Depression, urban unemployment throughout Canada was 19%; Toronto's rate was 17%, according to the census of 1931. Farmers who stayed on their farms were not considered ...
Statistics Canada notes that "youth, women and persons with a low level of education were the groups most likely to be paid at minimum wage." [ 2 ] According to one study, in 2019, 62% of people on minimum wage in Quebec worked part time, and 61% were aged 15 to 24.
The economic impact of immigration is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP [1] [2] and 2) higher immigration levels decrease GDP per capita or living standards for the resident population [3] [4] [5] and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities ...
According to Statistics Canada, the Canadian median income w as $68,400 CAD in 2021, whereas in the same year, the US median income was $70,784 USD, according to the US Census. It doesn’t look ...
Gross Average Monthly Wages (USD, at current exchange rates) [4] Year Switzerland * 8,111 2022 Luxembourg * 6,633 2022 United States * 6,455 2022 Iceland * 6,778 2023 Norway * 5,665 2022 Denmark * 5,642 2022 Canada * 5,081 2022 Ireland * 4,642 2022 Netherlands * 4,581 2022 Belgium * 4,560 2022 Austria * 4,312 2022
States may also set a minimum, in which case the higher of the two is controlling; some territories are exempt and have lower rates. [243] As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019.
For the analysis of income, Statistics Canada distinguishes between the following statistical units: Households: "a person or group of persons who occupy the same dwelling" [ 1 ] Economic families: "two or more persons who live in the same dwelling and are related to each other by blood, marriage, common-law union, adoption or a foster ...
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