On April 1, Canadian MPs will earn world's second-highest salary for elected officials
On April 1, Canadian MPs will earn world's second-highest salary for elected officials
MPs will get an $8,500 raise on April 1, increasing the base salary to $203,100, ranking only behind the U.S. in political salaries
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I've always thought MPs salaries should be indexed to the median income in their riding, or maybe their province. Maybe the country. I dunno.
Like 2x median or something.
Yeah. It's gameable, but I feel like any weird-ass push to increase MP salaries would have the happy side-effect of giving poor people money.
Maybe average would be a better incentive? I dunno. I don't want an Irving moving in to the riding to double the MP's pay.
13 0 ReplyMedian rather than average.
Or double the average of the lowest 25% of earners.
3 0 ReplyI think you mean median. Mean is the total sum divided by number of data points and is usually what is meant by "average". Median is whichever one is right in the middle. Mean is significantly higher for incomes because of a few high-earners.
1 0 ReplyYou are correct. Seems I made a mode-al error.
2 0 ReplyZing!
1 0 Reply