We can compare how compensation changed for workers with different levels of income by breaking the data down into five categories of equal size called quintiles, sorted from the 20% of workers with the lowest income to the 20% of workers with the highest income. [...] While workers, like CEOs, receive various forms of compensation, the sharp increase in CEO earnings stands in stark contrast to the modest improvements for average workers and the real pay erosion experienced by the lowest-income workers due to inflation. [...] 2 SPRING 2024 ECONOMY AT WORK When will Canada’s high interest rates drop? Families and businesses seeking the supply of bonds on the market relief from the pressures of high and decreases the supply of money. [...] In the last two years, tightening slowed near the end price change for a representative the Bank of Canada has reduced of 2023, but the Bank of Canada basket of goods and services. [...] The Bank of Canada is likely to be cautious and to look for slow and steady price growth across broad areas of the economy before lowering rates.
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- Canada
