Is Canada headed towards a recession in 2025?
Is Canada headed towards a recession in 2025?
The latest economic forecasts from TD Bank, BMO, National Bank and Deloitte all suggest that Canada could be heading towards a recession in 2025.
No one knows, but here is a click bait article headline for some ad impressions!
Probably, and the USA too.
The only reason we haven't been in a recession this whole year is mass immigration. We let in more people than the US, who has 10x the population we do.
Its lobbying by corporations who want wage suppression, which is why we are second last place in the OECD in per capita GDP growth since Trudeau took over.
We imported huge sums of people and are facing capital shallowing, which is also why our investment per worker is extremely low, and why corporation don't invest in productivity growth; which is required for wage growth. Which is also why the BoC is "ringing the alarm bells" on stagnant productivity growth, as this inevitably affects our borrowing rates and foreign exchange.
Free markets are a race to the bottom for paying the lowest possible price to a worker. They would pay you (YOU) nothing if they could. The only thing that will have wages go up is regulations that demand it. Should Timmies be allowed to pull TFWs for $15/hr work any high schooler could do? Probably not, but I just don't believe that's the major force behind our decay.
Also, remember that TFWs are subject to another force - they have to keep working in SHIT conditions or else have their visa revoked. That is, in my books, a human rights violation. Nobody should be forced to work in that fashion.
We are all getting fucked by the big guy. Don't let them pull the wool over your eyes.
This is exactly the point of having a democratic government. The elected government should, in theory, represent your average working class instead of corporations, since average working class represent the biggest percentage of our population (or any functional society).
If we take your example on free markets and Timmies. If Timmies are unable to operate without government sponsored TFW, they should go out of business and get replaced by competition. Instead, our government sided with corporations, hence we have programs like LMIA/TFW.
It's really a shame that we have come to this.