The work of folding slacks, swiping credit cards and stocking shelves was enough to keep Sears going in Canada as a profitable, dividend-paying and executive bonus-giving retailer for decades. Then management decided to pack it all in. Emperor Justinian, representing us at Davos, seems to think it’s all pretty much okay, including the company leaving behind a whopper of a deficit in its pension plan.
Trudeau suggests EI for Sears workers who risk losing pensions
Image: Mike Kalasnik via Flickr/CC
Before lunch yesterday the top 100 or so members of the executive class would have blown past the yearly average pay for a Canadian worker. Through the cost to the public of goods and services we pay for this.
Just like last year…
Are Canada’s high-rolling corporate bosses really 209 times more valuable than the rest of us?
image: Vlad Podvorny via Flickr/CC
$15 minimum wage will be a boon for our economy
image: elycefeliz via Flickr/CC
Two comic efforts at understanding North American economic reality brought some laffs to the suburban-poverty.com bunker complex this week. Unintentionally hilarious, but no less instructive for that, is a hot new self help book from KISS front man Gene Simmons. The second, a sharp strike from Rick Mercer.
To understand Gene’s book, picture an elevator shaft as black as On Power’s faux leather cover at the bottom. Ayn Rand chugs a mickey of rye whiskey on an empty stomache, takes two or three hits off a crack pipe and tosses herself down the elevator shaft.
Mercer’s rant about Ontario’s coming move to a higher minimum wage is a little more to our liking. Together, the two efforts tackle powerful myths about life here.
editor’s note: let’s give Gene props for urging us to read books and self educate. He’s right, there are no excuses when all the knowledge of the world is available to us on the screens in our hands.