Trudeau, economy face warning signs as gen Z feels poorer
Trudeau, economy face warning signs as gen Z feels poorer
The Nanos Pocketbook Index fell to 50 last week, while gen Z respondents scored their lowest rating in at least 16 years. Read more.
The Nanos Pocketbook Index fell to 50 last week, while gen Z respondents scored their lowest rating in at least 16 years. Read more.
I don't think it's fair to lay current economic landscape squarely at Trudeau's feet.
Everywhere is poorer, corporations have been taking an unfair share for a long time and it is only ramped up in recent years. The United States is in a similar spot
I don't think it's fair to lay current economic landscape squarely at Trudeau's feet.
I agree. There is plenty of blame to go around. Trudeau, the other leaders, the MPs, and the very parties themselves going back to at least 1990 are to blame.
There is virtually nothing that can't be traced back to changes in policy enacted by, supported by, and tacitly accepted by literally everyone involved.
Changes to EI that gutted the power of non-union employees.
Changes to business and labour policies such that "society owes me a business" and "nobody owes you a job" attitudes were fostered, then cemented.
Any subsidy or tax reduction or public funding of anything that generates private profit.
Complete dismantling of a world-leading social housing program.
Gutting civil service in favour of consultants and industry association advisors.
Allowing already weak anti-monopoly legislation to gather dust in a drawer.
The focus on the financial health of the stock market instead of the financial health and stability of the general public.
The idea that industry can self-regulate potentially damaging behaviours. It's never happened. It never will.
And my favourite, running the country like a business. Every employer runs their business as a dictator. Who the hell thinks that's the right model for running a country?
As someone who looks at a lot of data and charts I don't remember seeing any charts where Canada isn't gotten noticeably worse compared other G7 countries.
I actually find it hard to believe people don't think Trudeau's leadership has been a very significant problem for this country. It's just laughable that anyone thinks Pierre is better.
It's definitely true that we're lagging behind other G7 nations and I don't think our leadership is blameless just definitely not the only blame.
I'm skeptical we'd be in a better spot under different leadership but with climate change, war and late stage capitalism in full swing I won't hold my breath.
Sorry for the depressing comment!
Canada is notably worse compared to other G7 nations in terms of cost of living - housing is unaffordable to those that don't already have it.
I actually find it hard to believe people don't think Trudeau's leadership has been a very significant problem for this country. It's just laughable that anyone thinks Pierre is better.
I keep having this conversation with people who hate Trudeau. I get them to list out their issues with him, and none are problems the Conservatives are looking to solve. But the anti-"woke" brainworm is just too strong. They will literally vote against their own interests to own the Libs. The Americanization of Canadian politics is already here.
Corporations don't have a share. Corporations have shares. Shareholders own those shares.
That being said, the single biggest drain on most advanced countries lately has been real estate. The value of which has been increasing far more rapidly than corporate profits.
It's land owners who've been taking too much for the last few decades, as was predicted would eventually happen in the late 1700s and early 1800s by early economists. It happened in Japan 30 years ago, and look where they are today. Tiny homes, overworked, declining population...
Yea but it's the Finpo it's a boot lickers rag
Went to check sources but you have to register to read the whole article, do you happen to know the source or another article that has them?
It's US federal reserve among other research papers which may not translate to CA 1 to 1. However I wonder if a similar trend in sentiment. I see this quite often around housing prices. Yes, there was a surge and interest went up, but housing is still within budget for the middle class. The sentiment among young people seems to be I'll never own a home and I need a million dollars.