Wages and salaries in the waste management and materials recovery sector in Canada experienced steady growth over the past decade, standing at 3.82 billion CAD in 2023. Observing year-on-year growth, there has been a consistent upward trend with variations ranging from 3.82% to 11.39%. The annual average growth rate (CAGR) over the last five years slowed to 4.42%, reflecting more moderate increases recently.
Looking ahead from 2024, forecasted data suggests wages and salaries will continue to grow but at a reduced pace with a forecasted CAGR of 2.77% over the next five years, leading to a cumulative increase of approximately 14.62% by 2028.
Future trends to watch for include:
• Technological advancements impacting productivity.
• Changes in environmental regulations influencing sector demand.
• Economic factors affecting overall market conditions.
