Each year the names of public officials making over $100,000 are listed in the media.
That may be a useful exercise but it would only be fair to keep the listing current.
I believe this tradition began in 1995. At only 1% inflation rate, that $100,000
would now be $119,614.68. Obviously our inflation rate has been much more than that
over the 18 years since the listing began.
If we do not adjust these figures, at some point we may be posting over $100,000
income for welfare recipients! Let's get sensible.
Port Stanley, ON
For comparative purposes, as of February 2013: Statistics Canada has just released their report on payroll and earnings for December 2012. It turns out that year over year, the average Canadian salary was up by 2.8% to roughly $47,200 or just over $900 a week. When this report came out last year, we were bringing home $883 a week, or $46,000 a year.[Source]