Mike’s Midweek Comment
Downgraded growth projections for Canada again! Under 3% for 7th year in a row at 1.2% this year. Next year better but only 2.1% forecast. Lots of problems, perhaps the worst that Canada will be operating next year in a World economy that has been downgraded again.
Don’t miss Michael’s Daily Comment: Who Benefits From a Higher Minimum Wage?
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
Victor’s big idea this week is to capture the huge gains in Vancouver real estate and buy on Vancouver Island for a fraction and banking or investing the balance. The beautiful lifestyle change is a bonus.
Don’t miss Featured Guest: Dennis Gartman: Major Markets Are Heading Down
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Who Benefits From a Higher Minimum Wage?
Posted by Michael Campbell
on Wednesday, 21 September 2016 15:12
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