Inflation has risen to its highest point in a generation, pushing up the price of just about everything. But that goes for people’s labour, too, as employers compete to keep up with their staffing needs.
Officially, wages have risen by only 3.1 per cent in the past year, about half the official inflation rate of 5.7 per cent. But because the pandemic had such an unprecedented impact on everything — including statistics — it can be helpful to compare things today to how they were two years ago, before COVID-19.
Inflation is up by almost seven per cent in the two-year period up to the end of February, and
