Higher education is a clear gateway to higher wages, according to 2006 census data on Canadians’ earnings and income released yesterday by Statistics Canada.
The study found that British Columbians with a bachelor degree received median earnings of $52,630 in 2005, as opposed to $34,266 for those without a high school diploma.
- The study also found that in 2005, the median family income in B.C. was $65,787, just below the national average of $66,343.
- Based on after-tax income data, 13.1 per cent of British Columbians, or around 521,425 people, lived in low income in 2005, higher than the national rate of 11.4 per cent.
- Young people seem to be having a harder time finding full-time work after getting out of school. People aged 25 to 29 today earn lower wages than their parents did when they were that age.