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Posted

The Dow is currently setting record highs, big corps are doing very, very well right now. If we are losing secondary industry jobs and people must accept declining wages and benefits in order to temporarily protect remaining positions, then maybe our trade regulations are at odds with the interests of the majority of our population.

"Our lives begin to end the day we stay silent about the things that matter." - Martin Luther King Jr
"Those who can make you believe absurdities, can make you commit atrocities" - Voltaire

Posted

The Dow is currently setting record highs, big corps are doing very, very well right now.

The Dow is high because of QE 1, 2, 3, and now 4. Some big corporations are doing well right now, some aren't. It depends on the industry.

Posted

The Dow is currently setting record highs, big corps are doing very, very well right now. If we are losing secondary industry jobs and people must accept declining wages and benefits in order to temporarily protect remaining positions, then maybe our trade regulations are at odds with the interests of the majority of our population.

Or maybe not, as these shifts are not temporary at all. There is no "going back" to whatever the majority of the population feels was/is in their interest(s). Employment nostalgia is one luxury they can ill afford.

Economics trumps Virtue. 

 

Posted

Or maybe not, as these shifts are not temporary at all. There is no "going back" to whatever the majority of the population feels was/is in their interest(s). Employment nostalgia is one luxury they can ill afford.

I wasn't implying that wages and benefits in the secondary sector would rebound. I used the word 'temporarily' to mean that even lower paying manufacturing/processing jobs will be exported. Unless our trade practices revert, shipping costs skyrocket or the third world instantly stops allowing companies to kill the environment and their people, we will continue to bleed even lower paying jobs.

"Our lives begin to end the day we stay silent about the things that matter." - Martin Luther King Jr
"Those who can make you believe absurdities, can make you commit atrocities" - Voltaire

Posted

Looks like about 60 of the 1000 refining jobs in Sarnia won't be done there anymore, though I don't know if the jobs are actually 'lost'.

Move to Alberta, problem solved.

Science too hard for you? Try religion!

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