The wages and salaries in the water collection, treatment, and supply sector in Canada displayed notable fluctuations over the past decade. The value experienced a decline from 2013 to 2016, followed by a recovery phase from 2017 onwards. As of 2023, the sector stood at 163 million Canadian dollars. The year-on-year changes show a relatively low level of volatility in recent years, with a 0.62% increase in 2023. The 5-year CAGR leading up to 2023 is 1.14%, indicating modest growth.
Future trends to watch for:
● Continued steady growth with a forecasted 5-year CAGR of 0.24%.
● Potential impacts of technological advancements and government policies on employment costs.
● The ongoing effects of climate change and water scarcity potentially increasing investment and wages in this sector.