Tag Archives: Canada

(1144) Tragedy & comedy in the financial trenches


Breaks for earners over $100K per year.
Breakdowns for workers.
Tragedy:
Financial challenges mount for millions of Canadians because of income volatility, study finds
business.financialpost.com
Comedy:
CBC Investigates: number of highest-earning Canadians paying no income tax is growing. CBC analysis reveals about 6,000 earning more than $100,000 got legal break in 2014
cbc.ca/news
image: Images Money via Flickr/CC

(1143) Citizen psychology


If the poor are less likely to vote then they won’t do much to advocate for themselves in the form of activism, letter writing or calling elected representatives either, will they?
In Ontario there is an opportunity to lift up the status of the working poor.  This is a moment when a push from the electorate could make a difference.
Advocates: Ontario plan to overhaul labour laws, boost minimum wage step in the right direction. Labour advocates applaud sweeping labour reforms and Ontario’s plan to raise the minimum wage to $15 an hour, but say it needs to happen soon
metronews.ca
Ontario to consider boosting minimum wage to $15, increasing paid sick days.
cbc.ca/news
UK-based academic research confirms what many have suspected for years; that low-income people have little faith in the system.
How poverty makes people less likely to vote. It is not surprising that so many of the poorest people choose not to vote. Theirs is not an act of apathy – for they are often intensely political – but of disgust
theguardian.com
image: duncan c via Flickr/CC

(1137) Food service discouragement

You’d think to manage any kind of business you’d have to have some understanding of wage economics, no?
Our most elderly employee read this article with disgust yesterday.  ”In the early eighties,” he hissed.  ”Restarauteurs were carping and bitching exactly the same way about how ‘nobody wants to work, we can’t find anyone, our dishwasher quit.’  Nothing ever changes.”
When the conditions are so bad, it’s no wonder restaurant workers are skipping out on their job interviews.
OPINION: The hospitality industry is facing a new crisis: job candidate and employee no-shows. And before you ask: no, it isn’t just millennials
tvo.org
image: Thomas Hawk via Flickr/CC

(1134) BC election 2017


Election time in British Columbia sees suburban issues, and mixed feelings, in the foreground.
Forget Vancouver, BC’s future will be decided by the suburbs. With big city problems creeping into the land of cul-de-sacs and single-family homes, suburban swing ridings are set to determine the outcome of the provincial election
vanmag.com

Some insight from recent US experience?

Environment as politics. New drawings of the relations between residential density and voting behaviour
placesjournal.org
image: Concert Properties via Flickr/CC

(1133) Car town


Here in the Greater Toronto Area it feels like the real estate bubble will never burst.  Prices swell and then swell some more.  Equity flows – as if up through the very drains in the monster home basements – to enrich the fortunate homeowner.
An unavoidable parallel to this frenzy is found in automotive finance.  Where you have sprawl, you have cars, natch.
Is there an auto bubble on the horizon?
macleans.ca
Canadians getting lured onto auto debt treadmill by signing on to long term car loans
financialpost.com
What comes after the auto bubble?
frontiergroup.org
What’s happening with subprime auto loans?
visualcapitalist.com
‘Deep subprime’ auto loans are surging
bloomberg.com
image: Heather Philips via Flickr/CC

(1128) Discount grocery pay


Discount grocery stores exemplify the struggle to get by – on both sides of the cash register.

We should be paid a living wage’. Discount grocery store workers speak out against management, unions.  Food Basics say company and unions are not fighting enough for their rights
cbc.ca/news

A podcast with author Ellen Rupel Shell about the implications of low end retail.

The high cost of buying ‘cheap’
npr.org (2009 podcast 29:43)

image: rene_beignet via Flickr/CC