I’ll just leave this here.

I do think immigration is the main cause of the unemployment crisis, mass immigration while the Bank of Canada raised interest rates was always going to cause mass unemployment.

During Covid they did stimulus and QE, which caused the 8% inflation.  If you see the Phillips curve you’ll see that causes a labor shortage in the short term.  This is a natural part of an economy, and wipes out the wealth inequality caused by asset appreciation via bargaining power for wages, if you rememeber the “quiet quitting” phenomenon a few years back. 

The Federal government then did mass immigration, 1.4 million a year, tripling immigration over 3 years.  They also allowed students to work 40 hours.  This decreased labor pressure and lowered wage growth.

The Bank of Canada then raised interest rates to cool the job market.  Now we have cooled wages, less need for workers, and an inevitable surplus of workers.   All this was also done when we had a preexisting housing shortage, so rents and housing prices dramatically increased as well.

Sure bro the supply of workers has nothing to do with demand for labor or the rate of pay. Im sure that as soon as they get a.i. sorted they wont reserve course. You better wake up and start noticing.

It is entirely supply and demand for labor. We increased demand while rate hikes lowered demand by physically slowing money supply creation, what am I missing?

Is it that difficult to grasp?! You’re missing the part where the people in charge of this “natural” process have their thumbs on the fucking scale.

Don’t cherry pick economic theory to make this yet another “blame the workers” bullshit story. Supply and demand are economic constants in a microeconomy for theoretical modelling purposes.

As soon as you start adding in stuff like real people with real, non-economic needs, the model breaks in the real world.

See, for example, the Finnish approach to housing that reflects social needs rather than economic outcome for model that doesn’t end up with us plebs all on the bottom.

So you think you can just dump workers into a country and it has no affect on housing demand or wages?

Its somehow blaming the workers for being to numerous, is that what you mean? I was intending on blaming the government, as they appear beholden to corporations pushing modern slavery.

news.un.org/en/story/2023/09/1140437

So you think you can just dump workers into a country and it has no affect on housing demand or wages?

That’s not what I said. You aren’t following what I and others are saying.

When you say stuff like “it’s entirely supply and demand for labour”, you are replaying talking points of that same government and those same corporate interests, who both use language around housing like it’s something people can just stop wanting by framing it as a commodity.

Our issues aren’t based on population changes one way or another, they exist squarely because we treat housing as a commodity and as a financial vehicle. There is effectively enough housing for everyone, it’s just been placed out of reach for many.

Supply and demand explains the price of lemons in a place that can’t grow lemons. It does not work for housing, which is a hard requirement of social stability, that’s why we can’t treat housing like we treat buying and selling lemons.

Slow down and read what is being said to you, and for your own peace of mind, stop interpreting criticism as a personal attack.