Jim Stanford
JimboStanford
THREAD: Today's Retirement Income report has a long discussion about whether changes in the super guarantee are automatically passed through in offsetting change in wages. Here's the graph the report
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It is infuriating how the false narrative that Canada faced a "debt crisis" in the 1990s has been repeated so often by fiscal conservatives, it is now reported as fact--even
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Some thoughts on BC Liberal plan to eliminate PST for 1 year, and cut it by 4 points (57%) after that:The 2020 budget says PST would raise $7.9b this fiscal
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THREAD: Australia lost another 228,000 jobs in May. Employment is still falling (unlike US & Canada where some rebound occurred in May). Total job loss since February 838,000 (down 6.5%).
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Canada is now part of an international cartel to cut oil output & drive up prices. Canada and Alberta have already nationalized pipelines; the feds are subsidizing wages for oil
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THREAD: Today's shocking #LFS data confirm once again why the official unemployment rate is a virtually useless indicator during a downturn. It excludes people not working but not actively searching
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