I think there are two things there. One you mentioned, but the other aspect is to look at it by level of education. Those who have post-secondary education have done quite well. Those who only have high school or have dropped out of high school are the ones who have definitely lost income. That's because we haven't been encouraging these people to continue investing in learning, either by themselves or through employers investing in learning. We've noticed that in Canada we do have people who don't have the right types of skills for this new economic reality, and because of that they're going to lose ground, no doubt about it.
On February 15th, 2007. See this statement in context.