Between 1975 and 2013, company profits, especially among the large corporations, soared. However, they still cry every time the idea of raising the minimum wage is mentioned.
The average minimum wage in Canada in 2013, according to Statistics Canada, was $10.14 an hour. In 1975, the average minimum wage as expressed in 2013 dollars, was $10.13.
So we can see that while profits have soared exponentially, Canada’s non-union lowest paid workers have had their wages increased by just one cent in buying power. Isn’t corporate controlled capitalism a wonderful thing?