Who needs who?

[Gilroy]

What ever happened to blackberry did it almost get wiped out because of the Chinese

They apparently have a lot of patents on products that still have residual value from what I have heard.

[Gilroy]

Take the link that follows somewhat broadly. That said, many show the same or similiar.
https://globalnews.ca/news/3531614/a...nada-stagnant/

So if wages, broadly speaking once adjusted for inflation have barely moved in 40 years......Has taxation remained the same?
And if not, what's that done to the bottom line. Both for the peons, who lose purchasing power ( which translates into revenue for companies) and so Walmart's become more popular, and companies seek greener pastures ( who can blame them). Has corporate greed, profits etc played a role too? Absolutely.

But no matter how its sliced and diced, it comes back to making life for the masses......more affordable. Double everyone's wages?
Great. Labour cost go up as does inflation.

And as for Unions. they are their own worst enemies.

JBEN

Do you not think without unions the peons would be in terrible shape?

Do you agree we need a minimum wage that is a "living wage" .

Who's fault is it that "real wages" have not gone up for many?

Personally I avoid shopping at Walmart and basically only go there to buy Canadian made dog food. I do not like buying from Canadian Tire as the whole place is Chinese made and prices are over inflated. I do most of my grocery shopping at Loblaws and pay a premium for convenience in location.

[JBen]

Alot of Terry is as a few have mentioned circular, or "chicken/egg"

"stagnant wages"
Yep real.
But in many ways, isnt that the ideal? Wages and inflation being "flat" over the long term? Gilroy, if people got 5% per annum, how long do you think it would be before inflation was 5% or more? But what if, its only 30% of the population getting 5%, and 50% of the population gets 3%, and 20% get table scraps. 1.5%....... And is this not what we are talking about, worried about...the have nots or 60-70% of the population that cant find 2 nickles....
Well many lose ground to inflation.......wouldn't they?


And If everyone got raises, that would take bites out of every employers bottom line. AND it would result in inflation ( look up the main causes). And might it not, lead to some companies seeing more losses because parts/components cost more.....???

Unions
Have done a lot, with respect to work place safety and some other things. On the topic of wages, they've only hurt themselves. More specifically their members. "anyone but me syndrome".....Unions blame greedy companies...Nah, we had nothing to do with it ( the anyone but me part).

"living wage"
Or the very bottom of the food chain. Given times, things I would argue yes. But mainly because what most people forget is the problem is BOTH stagnant wages and taxes. Not either or, both! As above Terry.

If wages have been stagnant for 4 decades............And taxes certainly haven't....What's the end result.
less pocket change for the peons, especially ( those in lower middle class and down)

So with respect to the very bottom.
Increased wages is likely the easiest solution to making life "more affordable" for them. Tax cuts could help as well and is certainly far easier than forcing companies to pay more. Because are we not today, bailing all kinds of both out? But, for them. That ain't saying much.....

As for government/taxes.
Well, maybe its time people wake up and accept some things.