The Income Gap In Canada Has Reached A Record High
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Ya, I know…
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This is capitalism working as intended.
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Keep letting cooperate owners buy more houses and not let a middle class grow.
“The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made." This quote indicates that Henry Ford saw the wage increase as a strategic business decision. It benefited the company by reducing labor turnover, improving efficiency, and potentially creating a new market of consumers for his cars. The $5-a-day wage was groundbreaking and significantly above the industry average.
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Won’t be any different than the US at some point. If this keeps going being homeless will be the norm and having an apartment or house will be a luxury for the upper class. The more we go the less food and other basic necessities I can buy.
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I bet a tax cut for the rich would finally kick trickle down economics into gear.
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Anyone have an idea on what policy changes have lead to capital becoming more productive than wages? This is a very troubling situation. Labour drives the economy, not capital.