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II VI u Wednesday January Page Real family income hasnt changed in last 10 years People who feel they are no richer now than they were back in are right Real family income has stayed pretty much the same 351 in compared with in 1980 The figure has been adjusted for inflation The numbers are a Canada wide average for two parent one earner families Twoearner families fared better last year pulling in 780 The national average for all families was 185 More telling than the averages though is the breakdown of who earned what Families headed by university graduates brought m an average last year That s just one of many powerful arguments in favor of higher education Yet only four out of families earning more than were headed by university graduates an equally powerful argument for the entrepreneur if indeed such big earnings came from business They may also have come in large part from investment WHAT IT MEANS The implications for the economy are serious We have made no gains in our standard of living in almost a decade No gains are in sight over the next year or so given the slowing economy No wonder unions have begun to bargain in earnest for more money People who live in areas where real estate prices have leaped are facing the best of times and he worst of times the best if thev a house ago ind the worst f thev bought one r have yet to do so For pnces have not stood still along with real income If Christmas sales ire blow in southern Ontario this year it will be because people do not have any money left to spend after paying their mortgage or their rent Given the great preponderance of twofamily earners and people with more than one job people may not have time to go shopping Average earnings varied from province to province Ontario families earned 764 last year well above the national average of 185 Albertans earned Diane Matey Your Business Families in British Columbia earn 264 Manitoba 121 41 328 Saskatchewan Nova Scotia New Brunswick 37 New and Ed ward Island No growth in family income could translate into a nogrowth economy That is not necessarily a bad thing at least theoretical Iv Say for examp the big in real estate prices had not taken place Say we were no worse off than we were in 1980 on Few people would torn plain But this is not what has happen ed Instead thousands of Cana dians have suffered a real drop in their of living with respect to housing with no of future relief Sooner or later this spell big trouble for he government For the next few f ens higher high interest rates and possible price Falling SMM Mens Wear by Ralph Lauren NOW AVAILABLE 211 Street Georgetown NORTHVIEW CENTRE Learn to Drive and Survive NEW CLASSES START JAN 24th Over 300 graduates recommend I Young Drivers of Canada Train ng tent res coast to coast gfo Free up at home for In Private near nstruction Defensive you The Young Drivers prog am only ova lable at a Young vers Centre GEORGETOWN ACTON AND SURROUNDING AREA 8770751 pnces could spell trouble for businesses and lenders The ups and downs of the business cycle will do their damage Surely it s about time policy makers began thinking seriously about bow to achieve a more stable economy I not advocating cen tral planning but people should not have to worry about losing their homes and their means of support the way they did in the last The devastation was par great in Alberta We could accept no growth in real income if costs would hold steady too Town will accept VISA for rentals Hills recreation and parks department will slip into the plastic age this month as it begins accepting VISA for sports rental payments Participants can use those VISA cards still warm from Christmas shopping for rentals of arena space tennis courts halls meeting rooms pools parks schools community centres and the Halton Hills Cultural Centre beginning in Those wanting more information on what plastic can buy can call the town recreation and parks department at January is popular time to stop smoking January is the most popular time of the year to quit smoking so why not join the majonty of Canadians and start the new decade as a smoker the Lung t ion says The Lung Association is offering programs in Burlington starting on January in Oakville starting January and in Milton on January 30 Each course is a five- week seven sessions tapering down program and costs For further information call The Lung Association at 6328499 Clean Up Act PitchIn Ministry of Reenue Mine ni Minister Ontario EMPLOYER HEALTH TAX January he new EMPLOYER HEALTH TAX replaces Ontario Health insurance Plan premiums All employers with permanent establishments in Ontario will be required to pa the tax through monthly or quarterly instalments based on total calendar year gross pavroll THE ONTARIO MINISTRY OF REVENUE which is responsible for administering this new tax mailed INFORMATION KITS to Ontario employers in November 1989 If you are an employer in Ontario and have not yet received an INFORMATION KIT please call the Ministry tollfree at the numbers listed below Metro Toronto All other areas French language enquiries Telephone device for the deaf 9658470 18002637965 1 18002637776 Pour plus renseignertients en francais veuillez sans le ministere 1 668 SERVICES Mortgages And open t