Why do you think the BC Fed is so determined to raise the minimum wage when  several recent Canadian studies show an increase does not reduce poverty rates?

….also: Hot Properties: 4 Reasons BC Real Estate is Not in a Bubble

Politicians love to talk about, and implement policies to help the poor. Sadly, its smoke and mirrors. Lower interest rates to help the poor and what happens, the rich get richer, the middle class declines and the poor are in worse shape than before. It’s time to cut the crap….

…related: A Key Trend: The Bear Market In Unskilled Labour

Against this dominant trend Alberta’s recent hike of the minimum wage further inspires businesses to automate with the latest in technology to maintain their competitiveness. There many variables, so instead of worrying about low wages we should be concentrating on why people are payed poorly.

Money TalksFeatured guest: Dennis Gartman: Major Markets Are Heading Down

The World is upside down. For 5000 years investors have been paid an interest rate to compensate for the risk and for the use of the capital. Now, thanks to government incompetence in financial disasters, we now paying government for the privilege of using our money!

…..related: Michael Campbell on – The Formula For Social Unrest & Political Upheaval

Senior Deputy Governor Carolyn Wilkins says to prepare yourself for an era of lean times going forward. When someone of that calibre admits tough times are coming, its probably an understatement.

Don’t miss Michael’s Mid-Week Comment: Interest Rates at a 5000 Year Low….For Now