December 11, 2019
Unemployment is at record lows in Canada, which usually means wages are set to rise. However, despite high demand for labour, wages have remained largely stagnant; why is this happening?
While there are many competing theories, in a new study, MLI Munk Senior Fellow Philip Cross finds that Canadians’ lack of willingness to change jobs might be contributing to lower wages. In the new paper titled Moving Around to Get Ahead: Why Canadians’ Reluctance to Change Jobs Could Be Suppressing Wage Growth, Cross outlines the compelling evidence behind this phenomenon.