Economists like to fashion themselves as the “adults in the room.” However, their notion that incomes are determined by productivity is naïve. It ignores the role of power in the determination of distribution. The guise of objectivity that economists give to distribution diverts us from the difficult adult conversation that we must have: who should get what and why?
-We printed nearly 50% more money supply within the span of a few years.
-They did mass immigration in order to depress wage pressure caused by the phillips curve.
-People are now poorer overall, we have a shortage of housing and doctors, and as the Bank of Canada was raising rates to cool the job market we now have extreme levels of youth unemployment and we arent even in a recession yet.