The average earnings of the residents of Ontario are the highest in Canada. Ontario also spends the most money on post-secondary education, has the greatest number of residents of any province with post-secondary education, and the largest work force in education and related fields. Other provinces that lack the educational investment of Ontario have a lower average salary. Several factors affect the average salary, so in order to minimize variation, only Canadian provinces are compared to each- other. As such, three major factors were identified through analyzing statistical information. Therefore, spending on post-secondary education, the number of residents with a diploma or degree and the work force in the field of education directly affect the average yearly earnings of the residents of a Canadian province.
Ontario is the larges province in Canada and also the biggest spender on education. Ontario spends almost as much as Quebec and B.C. combined. However, Ontario is also the most populous province in Canada and as such, the ratio of money spent to residents is not much different than any of the other provinces. In Ontario’s case, the government spends less per capita on education, yet the statistics show that it yields a greater return economically. The number of residents of a province with post-secondary education also affects the average salary because businesses are more likely to locate their corporate offices or production facilities in an area where they can easily secure highly educated employees.
Ontario’s achievements in efficiency and also its ability to produce and maintain the highest number of post-secondary residents out of all of Canada’s provinces is in no small part due to the educational work force, which includes support staff, teachers and professors, administration and other workers too numerous to mention.
Investing in education has shown to improve a province, and in turn a country not only in its cultural wealth but its monetary wealth as well. By having a properly funded system with quality educators as well as creating a tradition of education, the population of a country can obtain higher wages. Introduction:
The average earnings of the residents of Ontario are the highest in Canada. Ontario also spends the most money on post-secondary education, has the greatest number of residents of any province with post-secondary education, and the largest work force in education and related fields. Other provinces that lack the educational investment of Ontario have a lower average salary. Several factors affect the average salary, so in order to minimize variation, only Canadian provinces were compared to each- other. As such, three major factors were identified through analyzing statistical information. Therefore, spending on post-secondary education, the number of residents with a diploma or degree and the work force in the field of education directly affect the average yearly earnings of the residents of a Canadian province.