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Wages Lower wages on average. Average 10.6% higher Depends on how much
[ CITATION Fra16 \l 4105 ] wages.[ CITATION Fra16 \l your buisness earns.
4105 ]
Retirement Usually retire later. Retire on average 2.3 years Retire whenever you
[ CITATION Fra16 \l 4105 ] earlier.[ CITATION Fra16 \l decide you have enough
4105 ] money saved to retire
(earlier if you do well,
later if you did poorly)
Hours On average spend more hours Spend less hours per week Hours depend on the
per week (but still make less working (but still make needs of your buisness
money) (Leung, 2018) more money) (Leung, 2018) and can be unpleasant
/long days.
Promotion/Advancement Usually more room for Usually less room for If you own your own
advancement as company improvement than in private business, you cannot be
grows and create more job sectors. [ CITATION Jam16 promoted because you
opportunities. [ CITATION \l 4105 ] are already at the top.
Jam16 \l 4105 ]
Has your research into the differences between public sector and
private sectors jobs and self employment altered your career decision
making or reinforced it? Explain.
Works Cited
CCPA. (2018). Piblic and Private Sector Pay Differences. Retrieved from CCPA:
https://www.policyalternatives.ca/newsroom/updates/public-and-private-sector-pay-differences
Fraser Institute. (2016, December 8). Comparing Government and Private Sector Compensation in
Canada. Retrieved from Fraser Institute: https://www.fraserinstitute.org/studies/comparing-
government-and-private-sector-compensation-in-canada
Leung, M. (March, 23 2018). Private sector workers earn less, work more. Retrieved from CTV News:
https://www.ctvnews.ca/canada/private-sector-workers-earn-less-work-more-report-1.2292650