Ontario’s Premier Allows Millions In CEO Salaries While Young People’s Precarious Earnings Decline

“Young people in this province are struggling with exorbitant hydro rates, rising rents, and unstable work, all while the province’s top executives receive millions in compensation.”

A Message from the Ontario New Democratic Party

Posted April 5th, 2017 on Niagara At Large

Queen’s Park – Catherine Fife, the Ontario NDP’s  employment critic, blasted Premier Kathleen Wynne this April 5th for her callous decision to allow multi-million dollar salaries for some of the province’s executives, when a new report shows that earnings have gone down for young people in Ontario who are facing the second worst economy in the country. 

  “The CEO of OPG earned more than $2 million in total compensation last year – not the $1.2-million that was stated in the Sunshine List,” Fife said.  “This government allowed the CEO to walk away with over $2 million in salary, bonuses, pension money, and $40,000 of ‘other pay’.

 “$40,000 a year is what many young people in this province hope to earn.”

 “How can this premier justify these executive salaries to the struggling young people of this province?”

A new report released today by Generation Squeeze, as part of their Code Red campaign, shows that Ontario has the second-worst economy for young people in the country, and that no other province reported a decline in full-time earnings since 2003, except Ontario.

 “These high salaries, bonuses, and pension perks are indefensible. Does the premier understand that a whole generation in this province is struggling with part-time, contract and precarious work?

 “They are not getting ahead – they are barely treading water,” Fife said.  “Young people in this province are struggling with exorbitant hydro rates, rising rents, and unstable work, all while the province’s top executives receive millions in compensation.

  “Why does this government prioritize executive compensation over affordability for Ontarians?”

To hear or watch the debate with the Ontario government on this issue, click on –

Audio:  https://dl.dropboxusercontent.com/u/19807208/Q4_Fife_04-05-17.mp3

Video:  https://dl.dropboxusercontent.com/u/19807208/Q4_Fife_04-05-17.mp4

About Generation Squeeze – Generation Squeeze is a campaign driven by the evidence.  It has its origins in the research of Dr. Paul Kershaw, a University of BC professor, who is a leading thinker about generational inequality in Canada. With the support of early funders like the United Way, Vancouver Foundation, Vancity Credit Union and the Social Sciences and Humanities Research Council, we became an awareness campaign. After years of raising awareness about the growing squeeze on younger Canadians, we now know awareness isn’t enough.  

The thing squeezed Canadians in their 20s, 30s and 40s need more of, we believe, is influence, both in politics and the market. Looking around for inspiration, we found it in the Canadian Association of Retired Persons, a network of 300,000+ people who successfully lobby governments on behalf of Canadians 50+.

We think it’s time there was an equivalent lobby for Canadians in their 40s and younger.

Not because we want to work against the interests of our parents or grandparents, but because we believe in a Canada that works for all generations. 

For more on Generation Squeeze, visit the organization’s home page athttp://www.gensqueeze.ca/

NIAGARA AT LARGE encourages you to join the conversation by sharing your views on this post in the space below the Bernie quote.

A reminder that we only post comments by individuals who also share their first and last names.

For more news and commentary from Niagara At Large – an independent, alternative voice for our greater binational Niagara region – become a regular visitor and subscriber to NAL at www.niagaraatlarge.com .

 “A politician thinks of the next election. A leader thinks of the next generation.” – Bernie Sanders

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