The broken economic ladder
Mar 31, 2023
Many years ago, I was a math tutor in a high school. My wage was $15/hr. At the time, the minimum wage was $8/hr. Fast forward a few years and I learned that the same school is paying $12/hr to their new math tutor. The minimum wage? $11/hr. In other words, a 25-years-old university graduate was making $1 per hour more than a teenage grocery store worker. The situation was worse for the new tutor -- higher living costs plus a decrease in the nominal wage!
The Canadian federal government is importing half a million people every year. Quite a few of them simply leave. Why? Brutal cold, high taxes, insane real estate market, shockingly decreasing real wages and the signature benefit of diversity: getting stabbed to death or set on fire in broad daylight.