@globeandmail
The Globe and Mail
2 years
Canada’s low unemployment rate is unsustainable, contributing to high inflation: Macklem
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@NervousNed64
Andrew Bailey 🍎
2 years
@globeandmail Maybe it should start with his job.
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@Knightborg
DilatedPupils 👀🇨🇦🇵🇭
2 years
@globeandmail Supply chain and production disruption is fuelling inflation this time...you would figure this out by consulting with any Canadian manufacturer
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@jpint11
jpint
2 years
@globeandmail Oh, so it is not the greedy corporations, it is the high number of employees? Right. That should mean more product, hence cheaper if it was at all true
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@McSteve73153868
McSteve🇨🇦
2 years
@globeandmail When everyone has a job, we have to pay them more. It's better some people are out of work so we can keep wages where they are and shareholders benefit from rising profits - Macklem
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@boberry_
VOTE 'YOUNG NAPS'
2 years
@globeandmail Yeah the problem is not greedy profiteering by corporations, it's that too many working poor died of covid
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@Ty_grrrrrr
Tyger
2 years
@globeandmail @globebusiness Is this step 2 of Trudeau’ “Great Reset”? Put people out of work to keep the rich rich, corporations rich & shareholders rich while everyone else is poor?
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@SanderD001
Sander 🍉
2 years
@globeandmail How does inflation breakdown? In the US, corporate profits are contributing to over 54% of inflation while wages only 8%.
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@globeandmail I’m not a supporter of @PierrePoilievre but I think he might have a point about firing Macklem.
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@BigDaveKingboat
Admiral Kingboat (also a Lord)
2 years
@globeandmail The poors gotta continue the poor!
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@mlnadler
Michael Nadler
2 years
@globeandmail BOC goal seems to be high unemployment and wealth depletion.
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@cybermrpam
Mr. Waffle
2 years
@globeandmail Inflation is a really bad thing, it is unfair tax basically, but in fact may be preferable some time by governments on the other hand unemployment is worst for both citizens and the governments. Econ 101!
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@TheRealElaschuk
Steve Elaschuk
2 years
@globeandmail This is only about expected future corporate profits. When labor has power, wages go up, profits for the wealthy go down. They are trying to break labor's power with a recession... fighting inflation is just a cover.
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@rm6747
boris
2 years
@globeandmail Printing $$$ has nothing to do with inflation?😳
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@VivaceVivianV
VivaceVivian
2 years
@globeandmail If a system requires people to starve to run, we should be dismantling it.
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@PublicWrx
PublicWrx ⛺🛠️💻🍞🏡🎓⚕️
2 years
@globeandmail He's wrong. Pilfering profiteers are inflating prices.
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@rmcilmoyle
rmcilmoyle
2 years
@globeandmail Let's get the real unemployment rates, including those that are on welfare and other forms of social assistance as they are not employed.
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@RichardJames79
Richard James
2 years
@globeandmail Stop printing money out of thin air! That's the single biggest cause of inflation
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@DJDynamicNC
djdynamicnc.bsky.social
2 years
@globeandmail Connect the dots, my duders. The reason it "contributes to high inflation" is because low unemployment increases wages. And increasing wages is unsustainable. In other words: *capitalism is built to trap people in poverty so billionaires can profit* Say it. Spell it out.
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@GeoRobert57
B. Robert
2 years
@globeandmail Tell that to the hundreds of thousands of willing, but unemployed disabled people in this country.
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