Should we halt Immigration until we can get it under control.

[Frankfooter]

and Jack squat that supports that argument.
lmao. I’ll settle for two economists that agree with you……

Income Loss Persists Long After Layoffs (Published 2009)

It can take years for income to bounce back after a layoff, and even longer in a recession, if at all, economists say.

www.nytimes.com

Followed up with an article from 2009!
You really aren't getting any younger.

(and as a reminder, Bush is no longer president)

 

[Not getting younger]

Followed up with an article from 2009!
You really aren't getting any younger.

(and as a reminder, Bush is no longer president)

seriously dude,

What do you have that shows different.
Nothing but your word. A person that struggles with basic financial principles…can’t grasp that people getting $2,000/month can’t save etc..who with any kind of intelligence would take your word….

two.
if you had a clue about statistics and data sets. You’d know that they are not real time. You kind of need history for that…You asked for back up, you got it. From the last recessionary period numbnuts.you know, 2003-2009
Good thing I included more than one I suppose no doubt Stats Canada isn’t good enough for you.. Aren’t you special…

three
Put up or shut up. Show something..

Four
Amazing how in this woke day and age science and data is all the rage….but when given all kinds your a denier and when asked to show data, counters by other economists

/crickets

Honestly “frankfooter” for a person that is racking up dozens of “stupidest post of the year”…Try discussing something intelligently for a change and have something yourself.

 

[Frankfooter]

seriously dude,

What do you have that shows different.
Nothing but your word. A person that struggles with basic financial principles…can’t grasp that people getting $2,000/month can’t save etc..who with any kind of intelligence would take your word….

two.
if you had a clue about statistics and data sets. You’d know that they are not real time. You kind of need history for that…You asked for back up, you got it. From the last recessionary period numbnuts.you know, 2003-2009
Good thing I included more than one I suppose no doubt Stats Canada isn’t good enough for you.. Aren’t you special…

three
Put up or shut up. Show something..

Four
Amazing how in this woke day and age science and data is all the rage….but when given all kinds your a denier and when asked to show data, counters by other economists

/crickets

Honestly “frankfooter” for a person that is racking up dozens of “stupidest post of the year”…Try discussing something intelligently for a change and have something yourself.

This is how you do it old guy.
You could start with an article from the Globe, knowing that right wingers won't read anything that they think is left wing.
(also note that this article is only 6 weeks old, not 13 years....)

CERB helped a significant number of workers rejoin the job market in better positions

the study’s authors argue in their report that, regardless of glitches in CERB, its benefits to the labour force far outweighed its costs.

For example, of the 41 per cent of respondents who ended up in new careers, close to half said those jobs better matched their skills than their old ones, and were more satisfying.

Young people, in particular, used CERB to enroll in education programs. Of respondents aged between 18 and 29, 60 per cent said they had pursued some kind of training or education program while on CERB, and most said they would not have been able to do so if the benefit had not existed.

You could also check this study for reasonable ways to combat inflation.

A tale of two bread lines: Rising inflation in a Canadian context

In a suburb of Toronto, two very different types of queues coalesce each day, not far from one another. One line is composed of weary people waiting for the Daily Bread food bank, the other of eager customers waiting outside Sanremo, a popular bakery known to sell out. In each case, the presence...

www.mcgill.ca

Now I'm sure you're going to ignore these two sources and claim they don't count for some reason then try to claim that I've never given you sources and that I'm trolling.
That's what you've done every other time I've given you sources.

 

[Not getting younger]

At least you provided something worth reading this time. Though I wonder if you actually read it, because it repeats a lot of the arguments I’ve making…and you’ve been denying…..which begs the question….

Nor does it really explore, some other related issues. And offers just a few alternative ways to tackle the issues you e been denying.nor am I sure ( nor care much) who actually authored it and whether or not McGill has an op-Ed bias, or political affiliation.

Nor does it really look at all the causes of inflation, which if I’m to be honest, I’m not sure you know or understand.

The fact they omitted a couple keys ones, kinda of says a lot.

What causes inflation?

• Demand-pull. The most common cause for a rise in prices is when more buyers want a product or service than the seller has available. ...
• Cost-push. Sometimes prices rise because costs go up on the supply side of the equation. ...
• Increased money supply. ...
• Devaluation. ...
• Rising wages. ...
• Monetary and fiscal policies
• 
  Bullit one. Who has tons of money saved and to burn and who doesnt
  
  Bullit 3…ummmmmmm
• 
  Last bullit?

 

[Not getting younger]

Back to what happens during/following mass layoffs, downtowns in economic activity…and how all those people with bills to pay, mouths to feed, looking for work/opportunities when EI (CERB runs out) and 1million plus new people also looking for the same and places to hang their hats…

 

[Frankfooter]

At least you provided something worth reading this time. Though I wonder if you actually read it, because it repeats a lot of the arguments I’ve making…and you’ve been denying…..which begs the question….

Nor does it really explore, some other related issues. And offers just a few alternative ways to tackle the issues you e been denying.nor am I sure ( nor care much) who actually authored it and whether or not McGill has an op-Ed bias, or political affiliation.

Nor does it really look at all the causes of inflation, which if I’m to be honest, I’m not sure you know or understand.

The fact they omitted a couple keys ones, kinda of says a lot.

What causes inflation?

• Demand-pull. The most common cause for a rise in prices is when more buyers want a product or service than the seller has available. ...
• Cost-push. Sometimes prices rise because costs go up on the supply side of the equation. ...
• Increased money supply. ...
• Devaluation. ...
• Rising wages. ...
• Monetary and fiscal policies
• 
  Bullit one. Who has tons of money saved and to burn and who doesnt
  
  Bullit 3…ummmmmmm
• 
  Last bullit?

Ah, you're back to the 2010 economic theories instead of noting what actually happened during COVID, the global supply issues, chip shortages, layoffs, illnesses......

Canada meanwhile is projected for one of the highest GDP growths and lowest inflations in the G7, which shows we're actually handling global issues fairly well.
But I do agree we need to up taxes on the rich and increase social spending.

Most of that is provincial, some is federal, so you need to separate those.

https://twitter.com/i/web/status/1612503157690761216

 

[Not getting younger]

And you’re deflecting, and ignoring the “tough” questions. No differently than todays Liberals..You’re also ignoring that many of the things you’ve wasted 2 days denying, your research by McGill is repeating what I’ve been saying (supports me) …

I could link stats Canada showing that participation rates outside core labour market ( those aged 54+) have dropped significantly. I don’t think kids that are living in their parents basements due to rising cost are putting in offers. Do you?

You’re also ignoring this.

Wages are growing fast in Canada—but not fast enough to match inflation.

And wage increases will likely be soaked up by higher prices and debt costs in 2023, lowering disposable incomes.

Households are expected to cut back on spending to adjust, prompting inflation—already losing steam—to fall further.

But over the long run, an aging workforce threatens to make labour shortages a “new normal”. This will ensure workers retain power to negotiate higher wages.

Wages are growing fast in Canada—but not fast enough to match inflation.

And wage increases will likely be soaked up by higher prices and debt costs in 2023, lowering disposable incomes.

Households are expected to cut back on spending to adjust, prompting inflation—already losing steam—to fall further.

But over the long run, an aging workforce threatens to make labour shortages a “new normal”. This will ensure workers retain power to negotiate higher wages.

The bottom line: Higher wages due to long-run structural labour shortages could reignite spending, and inflation. Without greater business investment, higher interest rates could be needed to offset this force.

I guess I might suggest your friends at McGill don’t understand there are more than one cause to inflation. And while there are many, normally there 5 key ones…also See the last bullit in particular. Has little to do with CERB/Covid….Nor do they seem to understand economies have a natural cycle that no meddling by governments can change, and there are underlying structural dynamics at work (pardon the pun). Nor do I understand why they don’t know, and omitted some key things……..Nor frankly do I understand how you could have forgotten those things either. Given at least some of you all, after 20 years of warning about Boomers some of of your are finally paying attention…

Proof Point: Without investment, Canadian wages could reignite inflation - RBC Thought Leadership

Wages are growing at a record pace in Canada—but not fast enough to match inflation. - RBC Thought Leadership

thoughtleadership.rbc.com

.

Your also ignoring this.

According to the report, wage increases alone outpaced the rate of inflation for households in the three highest of five income levels during the same period.

How the coronavirus affects the labour market in Canada

As economists, we are analyzing the effects of COVID-19 on the Canadian labour market in an ongoing research paper by asking the following questions:

newsroom.carleton.ca

And this.

The wealthiest 20% of households controlled nearly 68% of the total net worth in Canada in the first quarter of 2023, while the least wealthy 40% accounted for 2.7%.

Gap between Canada’s rich and poor increasing at record speed, new StatCan data shows

The wealthiest 20% of households controlled nearly 68% of the total net worth in Canada in the first quarter of 2023, while the least wealthy 40% accounted for 2.7%.

www.thestar.com

Do I need to keep adding more and more links? I can. But basically which body of evidence, continually shows those thrown under the bus……as historically…don’t fare so well…

Maybe I should start adding links looking at the devestaring impact on racial groups too……..hint hint.Non whites have taken it in the chin..But you guys, JT in particular, so woke…

 

[Not getting younger]

And with respect to your twitter link. See Freelands smoke and mirrors. And JTs solutions? Yes, let’s keep adding more and more and more and more debt. Buying votes and throwing money all around hoping something sticks.

I’m curious, here’s a tough question for you. Although to be honest, it’s not all that tough.
Sunny days last forever right??????

He, you are digging the hole deeper and deeper and deeper. When the next recession hits whether that’s next year as many expect, or 3 years from today…..and given Boomers are going to make healthcare cost explode, plus a couple other things….

what do you think is going to happen, and where will the $$ come from to try and boost economic activity? Let alone try to maintain healthcare given……. And will all that excess money supply not also put upward pressure on inflation? And B, who is going to bear the brunt of that.

sunny days last forever

 

[JohnLarue]

Food bank reports 95% of users not born in Canada | True North (tnc.news)

A Toronto-area food bank is sounding the alarm after it witnessed a dramatic increase in new clients – a vast majority of which were new immigrants.

According to Feed Scarborough, visits to its five locations across the region have spiked by 112% in the past year.

A total of 95% of those relying on Feed Scarborough were not born in the country, while 72% had only been in Canada a year or less.

A report by the organization also found that 28% of those accessings its services were employed currently, while another 65% were students.

if we are going to welcoming new Canadians into our country, we want them to be successful and self sustaining

the conventional wisdom is Canada needs immigration in order to maintain GDP growth and to top up contributions to CPP in support of an aging population

well neither will be accomplished if many of the new immigrants need to rely on food banks

 

[Not getting younger]

Food bank reports 95% of users not born in Canada | True North (tnc.news)





if we are going to welcoming new Canadians into our country, we want them to be successful and self sustaining

the conventional wisdom is Canada needs immigration in order to maintain GDP growth and to top up contributions to CPP in support of an aging population

well neither will be accomplished if many of the new immigrants need to rely on food banks

And it’s worth noting. GDP=tax revenue.
Every time GDP goes down. So does tax revenue. And every time GDP goes down, expenses ( cost of services) go up….and never before in history have soooooooooooooooo many, left the workforce…………..

We, those of us in finance, economics. We’ve only been screaming the warnings since around the 1990s, 2000…

/points at Ontario
/points at……2003-2009, 2011, 2019-202
/points at…..voters not listening.
/point at so many links…and more not linked…

and with respect to this motley crew in Ottawa presently. The very people, they claim……….bearing the brunt…..and will.

Sunny days last forever. If the next one doesn’t hit in the next 18 months….it’s going to….a question of when, not if.

 

[Frankfooter]

And you’re deflecting, and ignoring the “tough” questions. No differently than todays Liberals..You’re also ignoring that many of the things you’ve wasted 2 days denying, your research by McGill is repeating what I’ve been saying (supports me) …

I could link stats Canada showing that participation rates outside core labour market ( those aged 54+) have dropped significantly. I don’t think kids that are living in their parents basements due to rising cost are putting in offers. Do you?

You’re also ignoring this.


I guess I might suggest your friends at McGill don’t understand there are more than one cause to inflation. And while there are many, normally there 5 key ones…also See the last bullit in particular. Has little to do with CERB/Covid….Nor do they seem to understand economies have a natural cycle that no meddling by governments can change, and there are underlying structural dynamics at work (pardon the pun). Nor do I understand why they don’t know, and omitted some key things……..Nor frankly do I understand how you could have forgotten those things either. Given at least some of you all, after 20 years of warning about Boomers some of of your are finally paying attention…

Proof Point: Without investment, Canadian wages could reignite inflation - RBC Thought Leadership

Wages are growing at a record pace in Canada—but not fast enough to match inflation. - RBC Thought Leadership

thoughtleadership.rbc.com

.

Your also ignoring this.

How the coronavirus affects the labour market in Canada

As economists, we are analyzing the effects of COVID-19 on the Canadian labour market in an ongoing research paper by asking the following questions:

newsroom.carleton.ca

And this.

Gap between Canada’s rich and poor increasing at record speed, new StatCan data shows

The wealthiest 20% of households controlled nearly 68% of the total net worth in Canada in the first quarter of 2023, while the least wealthy 40% accounted for 2.7%.

www.thestar.com

Do I need to keep adding more and more links? I can. But basically which body of evidence, continually shows those thrown under the bus……as historically…don’t fare so well…

Maybe I should start adding links looking at the devestaring impact on racial groups too……..hint hint.Non whites have taken it in the chin..But you guys, JT in particular, so woke…

You need to edit your posts and try to make clear statements.

If you're talking about why the divide between rich and poor keeps getting higher then you need to support a party that wants to tax the rich more.
If you're talking about why people who are not getting younger are having a tougher time finding work that's a new subject.

Either way, I assume you've now given up the claim that the liberals are not doing well for inflation and the economy in general, given the stats and articles I've posted.

 

[Frankfooter]

And with respect to your twitter link. See Freelands smoke and mirrors. And JTs solutions? Yes, let’s keep adding more and more and more and more debt. Buying votes and throwing money all around hoping something sticks.

I’m curious, here’s a tough question for you. Although to be honest, it’s not all that tough.
Sunny days last forever right??????

He, you are digging the hole deeper and deeper and deeper. When the next recession hits whether that’s next year as many expect, or 3 years from today…..and given Boomers are going to make healthcare cost explode, plus a couple other things….

what do you think is going to happen, and where will the $$ come from to try and boost economic activity? Let alone try to maintain healthcare given……. And will all that excess money supply not also put upward pressure on inflation? And B, who is going to bear the brunt of that.

sunny days last forever

Health care is provincial.

Are you changing the subject to why Ford keeps cutting health care, nurses salaries and privatizing health care at a higher cost to the people of Ontario?

 

[Not getting younger]

Health care is provincial.

Are you changing the subject to why Ford keeps cutting health care, nurses salaries and privatizing health care at a higher cost to the people of Ontario?

You do I hope understand transfer payments?
Apparently not. No idea how someone doesn’t even have rudimentary knowledge.

Federal transfers to provinces and territories - Canada.ca

The Government provides financial support through the Canada Health Transfer (CHT), the Canada Social Transfer (CST), Equalization, and Territorial Formula Financing (TFF).

www.canada.ca

more deflection, more hot air, under a mountain of evidence. And I might note, once again, ignoring not only your own brain farts (using McGills research repeating what I’ve been saying)….but the tough stuff.

 

[Frankfooter]

You do I hope understand transfer payments?
Apparently not. No idea how someone doesn’t even have rudimentary knowledge.

Federal transfers to provinces and territories - Canada.ca

The Government provides financial support through the Canada Health Transfer (CHT), the Canada Social Transfer (CST), Equalization, and Territorial Formula Financing (TFF).

www.canada.ca

more deflection, more hot air, under a mountain of evidence. And I might note, once again, ignoring not only your own brain farts (using McGills research repeating what I’ve been saying)….but the tough stuff.

Health care is provincial.

Nurses are leaving because DoFo is giving raises to cops but put in Bill 124 to freeze nurses salaries.

https://twitter.com/i/web/status/1688964672693669895

Instead he ended up paying way more for contract nurses and the agencies that provide them.

https://twitter.com/i/web/status/1683907487273975815

Same with mental health care.

https://twitter.com/i/web/status/1686742335017611265

that's provincial

 

[Not getting younger]

Deflect
Deflect
Deflect
Deflect

aren’t we talking Federal politics
?

Your brain farts are beyond laughable at this point. I feel sorry for you.

 

[3wire]

If we had done that (carefully controlled immigration) in the 1880's or the 1920's, I wouldn't be here. Also, "careful planning and consideration" are not the strong points of any government I've lived under. Fact is, if you want somebody around to pay into EI and CPP when you might need it, we need immigration. Not giving refugees temporary work permits when I see so many "help wanted" signs is a really stupid idea though....

 

[richaceg]

Health care is provincial.

Nurses are leaving because DoFo is giving raises to cops but put in Bill 124 to freeze nurses salaries.

https://twitter.com/i/web/status/1688964672693669895

Instead he ended up paying way more for contract nurses and the agencies that provide them.

https://twitter.com/i/web/status/1683907487273975815

Same with mental health care.

https://twitter.com/i/web/status/1686742335017611265

that's provincial

Well Franky....we're almost 8 years with JT now...has the "budget balanced itself" yet?

 

[squeezer]

Well Franky....we're almost 8 years with JT now...has the "budget balanced itself" yet?

Did Harper or Mulroney (pandemic free run) balance the budget?

 

[Frankfooter]

Deflect
Deflect
Deflect
Deflect

aren’t we talking Federal politics
?

Your brain farts are beyond laughable at this point. I feel sorry for you.

You raised health care as an issue now are saying its off topic because I pointed out its a provincial responsibility.
If you want to complain about low spending on health care in Ontario blame Ford.

https://twitter.com/i/web/status/1686849734588108801

 

[richaceg]

Did Harper or Mulroney (pandemic free run) balance the budget?

That doesn't answer my question...