In a drop that some economists are calling 'worrisome,' Canada’s labour market shed 84,000 jobs in February, one of the sharpest monthly declines seen outside the COVID-19 pandemic.
Just to put that in perspective, that’s enough to pay around a $1 million dollar annual salary to each of these 84,000 lost jobs, or to pay $100,000 salary and still keep 90% for themselves.
Are they rich enough yet? Or do they still need more?
I dont think its as simple as that, because if you start dishing the money out inflation rises and you erode what you’re taxing. Maybe on the gold standard it worked something like that, but that was a half a century ago now.
Just to put that in perspective, that’s enough to pay around a $1 million dollar annual salary to each of these 84,000 lost jobs, or to pay $100,000 salary and still keep 90% for themselves.
Are they rich enough yet? Or do they still need more?
Enough is never enough
I dont think its as simple as that, because if you start dishing the money out inflation rises and you erode what you’re taxing. Maybe on the gold standard it worked something like that, but that was a half a century ago now.