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Joined 3 months ago
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Cake day: November 30th, 2025

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  • I do think immigration is the main cause of the unemployment crisis, mass immigration while the Bank of Canada raised interest rates was always going to cause mass unemployment.

    During Covid they did stimulus and QE, which caused the 8% inflation.  If you see the Phillips curve you’ll see that causes a labor shortage in the short term.  This is a natural part of an economy, and wipes out the wealth inequality caused by asset appreciation via bargaining power for wages, if you rememeber the “quiet quitting” phenomenon a few years back.

    The Federal government then did mass immigration, 1.4 million a year, tripling immigration over 3 years.  They also allowed students to work 40 hours.  This decreased labor pressure and lowered wage growth.

    The Bank of Canada then raised interest rates to cool the job market.  Now we have cooled wages, less need for workers, and an inevitable surplus of workers.   All this was also done when we had a preexisting housing shortage, so rents and housing prices dramatically increased as well.















  • Well given they did mass immigration to intentionally debase salaries, after leading to skyrocketing asset prices via money printing and stimulus, so I’m going to say they wont do that. Remember the quiet quitting phenomenon we had around 2022 when wages were actually rising, how that was quickly squashed by our very own NDP/Liberal coalition?

    Theres a reason the young are shifting to conservative while boomers love the Liberals, they protect their home values and their equity values. Then they make vague promises around climate change to fool the naive youth, while importing mass amounts of people into urban sprawl and hour long commutes since their housing plan is also intentionally ineffective.