Inflation
Friday, September 21st, 2007In 1981, the 50 dollars I got from my grandma is worth the equivalent of 111 dollars now. You can calculate this here:
http://www.bankofcanada.ca/en/rates/inflation_calc.html
So how do our wages reflect this figure? Well, minimum wage was $3.50 in 1981 which means that at the rate of inflation, being as it’s $8.00 now, our burger flippers and gas jockeys in Ontario have gotten a little over 23 cents in the last 26 years. These figures are here:
http://srv116.services.gc.ca/wid-dimt/mwa/menu.aspx
Now, these figures being as closely linked as they are can only mean one thing: Fast food chains control the rate of inflation.





This summer I’ve been running competitions in camp. The photo on the left is me starting the swim competition. The kids have been cropped out to protect their identity. I just thought I looked particularly authoritative in this photograph. You know, my whistle and radio close by.