Wow a 2.5% increase, meanwhile rent is up 50% the last few years.
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Wow a 2.5% increase, meanwhile rent is up 50% the last few years. So progressive it hurts.
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Wow a 2.5% increase, meanwhile rent is up 50% the last few years. So progressive it hurts.
When I read it I wondered if $17.85 is worth less now than $17.40 was worth when it was first made the minimum.
Probably, but I don’t know enough about economics to check.
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When I read it I wondered if $17.85 is worth less now than $17.40 was worth when it was first made the minimum.
Probably, but I don’t know enough about economics to check.
Well the CPI is clearly fake, real inflation is far higher.
A good example is we are printing money to buy mortgage bonds, which means we print money to lower inflation, because it decreases mortgage interest costs.
Canada Mortgage Bonds: Government purchases and holdings
View the latest data on the Government of Canada's purchases and holdings of Canadian Mortgage Bonds.
(www.bankofcanada.ca)
The CPI does not include housing appreciation in its calculation so this is the parameter that keeps housing prices tethered to reality, and we still lose FX by printing money.
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When I read it I wondered if $17.85 is worth less now than $17.40 was worth when it was first made the minimum.
Probably, but I don’t know enough about economics to check.
Probably, but I don’t know enough about economics to check.
It is, because the increase is below inflation. Judging by other responses it’s clear that others don’t know much economics either, looks like your intuition already puts you above average.
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Wow a 2.5% increase, meanwhile rent is up 50% the last few years. So progressive it hurts.
