Anyone surprised both wages and the economy down?
November 28, 2011Is there a connection between the OECD downgrading Canada’s economy and last weeks story about real wages declining? It has always struck me as contradictory that we have a consumer economy while the rhetoric of the right spends a lot of time and effort beating up on the workers. Who do they think the consumers are and why do we think the economy will do well when business is busy cutting labour costs? There is only so much the 1% can consume. “The Trouble with Billionaires” a new book by Linda McQuaig & Neil Brooks, opens with a wonderful paragraph about how much a billion actually is. It’s beyond comprehension. And only a month ago (see article list below), the pundits predicted wages would rise!
In the face of all that, we have some wonderful collective enterprises called Unions. I happen to be proud mine is Canadian.
If you want more information about the CEP the new organizing website is www.thinkunioncep.ca
Related articles
- Canada’s slowing economy may need rate cuts: OECD (business.financialpost.com)
- Wall Street soars despite OECD warnings on US exposure to Europe currency – Daily Mail (dailymail.co.uk)
- Chrysler CEO warns Canada of high labour costs (inautonews.com)
- Canadian paycheques failing to keep pace with cost of living (talesfromthelou.wordpress.com)
- Wage deceleration bigger factor than job growth, economists say (canada.com)
- There are bigger threats to our fragile recovery than the postal dispute (theglobeandmail.com)
- Salaries expected to rise faster than inflation next year (canada.com)
- Harper versus the unions (macleans.ca)
