Bank of Canada increases overnight rate target to 1 per cent

Re:Bank of Canada increases overnight rate target to 1 per cent by lotsofpulp on Wednesday September 06, 2017 @02:42PM (#15186070)

I don't think it is puzzling. Technological advances have made each person capable of doing much more, and capital does more and more of the work that people used to (or someone in another country does it). I bet underemployment rate is not low, and with more and more people competing for low skill jobs where they're easily replaceable, again, thanks to technology, there is no reason for wages to go up.

Also of note is that more economic activity is concentrated in fewer and fewer regions, so while a select few (urban) regions experience growth and whatnot, most other areas do not.

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Re:Bank of Canada increases overnight rate target to 1 per cent by z2600 on Wednesday September 06, 2017 @10:14PM (#15188667)

There seems to be a trend among large employers to avoid full-time employment, either by keeping weekly hours below x or hiring contract workers.

We've seen since the last recession that top 2% have grown incomes while most others are stagnant, perhaps this is part of it.

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