Clearly, the Bank of Canada doesn't have any control over the distribution of income. We deal with the inflation rate, but at the same time, the distributional aspects of the economy—the distribution of income, wealth and debt—can actually have a big impact on how the economy performs. For this reason, we pay close attention to labour income growth, which is a big part of people's well-being. We see that wages are growing across the country. They are growing less in areas that are affected by oil, actually quite a bit less. That's to be expected. Wage growth overall is a little over 2%. It's still a bit shy of where we would expect wage growth to be relative to productivity and inflation, but certainly we expect that to pick up.
Getting back to the distributional implications, one of the things you can look at is labour income's share in GDP. What's the share of the pie that labour is actually getting? I just happened to look at those numbers and could see that over the last...well, since 2005—so you kind of go and predate the crisis—labour's shared income has actually increased. It's nudged up a bit. It's certainly down from where it was in the eighties, but it has edged up.