CBC Site Of course the Ottawa resident isn’t going to leave Stornoway and move to his suburban McMansion. Unemployable as he is, finding a mover who’ll take “I’m sure to win the next election!” as a guarantee of payment is, ummmm, sketchier than most movers will accept.
We did mass immigration to lower wage pressure and inflation as we bought half of all mortgage bonds to depress shelter inflation and encourage Canadians to take on full recourse loans to for-profit banks. The liberals are the sum of the worst parts of Cons and NDP, offering massive spending coupled with low taxes, on the worst impulse of voters who live in a fantasy where you can have both.
https://www.bankofcanada.ca/wp-content/uploads/2019/01/swp2019-6.pdf
This outlines how QE causes wealth inequality in the short term, as asset prices rise. In the long term unemployment falls, and wages rise from greater wage pressure. So according to this study the created wage pressure reverses the wealth inequality caused by QE.
My question is why we did 4% population growth via immigration and why we allowed students to work 40 hours a week to forcefully decrease wage pressure, reversing the labor shortage, entrenching the short term inequality. It seems hard to believe a progressive would do such a thing, as it appears to have greatly exacerbated wealth inequality.
It’s cute that you think that electing someone who would cut taxes on the rich, cut benefits for the poor (anyone who doesn’t use a million dollar yacht as a tender for their billion dollar yacht is poor), and run up over $100 billion of debt over the next four years then lose an election and blame the Liberals for the mess would be a better choice. If you think for one second that a Conservative jingoist would do anything for the working class you should move to the US and vote for Trump.
Well if he can do better economically I think Canadian wages and productivity would rise. Look at the stock market since before the Covid stimulus, you didn’t go up in 6 years, then Caroline Rogers saying its an emergency and that there is a dearth of investment.
We covered up wages and productivity with population growth and capital shallowing. Now we can’t even release a budget, what does that say to investors?