Young Canadians think their parents had it easier
Young people entering the job market today may be better educated, but they’re earning less money than their parents did a generation ago, according to new census data released Thursday by Statistics Canada.
In fact, it’s a trend that began a quarter century ago and doesn’t appear to be slowing down – especially for young men entering the workforce.
Across all age groups, median salaries for full-time workers have changed little in 25 years. Workers today make, on average, a mere $53 more than they did in 1980, when adjusted for inflation, according to the census.
That stagnation mainly afflicted the middle class. The top earners in Canada saw their wages increase 16.4 per cent since 1980, while the bottom rung saw a 20-per-cent decrease.