Thursday, June 22, 2017

how does don pittis remain employed? this is characteristic junk from him. he's reading the official unemployment rate, rather than the real one, which is still over 10%. removing workers from the market because they can't find a job doesn't mean that there's a deficit of them, it actually means that there's a tremendous surplus of them. in the current economy, you would actually expect that the pressures on wages would be downwards, which is what we're seeing.

http://www.cbc.ca/news/business/inflation-canada-outlook-1.4167888