Pay rises not tied to per­for­mance

Cape Breton Post - - BUSINESS EXTRA -

CAL­GARY — A new study says a dra­matic rise in pay for Cana­di­ans in the top one per cent of in­comes has been driven by the fi­nance and busi­ness ser­vices sec­tors. But the study by the In­sti­tute for Re­search on Public Pol­icy says that wage growth isn't clearly tied to tal­ent or per­for­mance. Pro­fes­sors Thomas Lemieux and W. Craig Riddell of the Univer­sity of Bri­tish Columbia looked at the top one per cent of in­comes be­tween 1981 and 2011. Their re­search says the ma­jor­ity of the so-called one per­centers are men over 35 who tend to work longer hours than av­er­age, usu­ally in se­nior man­age­ment po­si­tions.

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