Sunday, September 24, 2017

Unemployment. It "Is" It is. It "Is"

On August 4, Stats Canada revealed the unemployment rate in Canada had fallen in July from 65% to 6.3, which was its lowest since the financial crisis of 2008.

The next day the press was jubilant; the Toronto Star said "It was one of the lowest rates we've seen in the last 2 decades." Ontario Economic Development Minister, Brad Dueuid, was no less ecstatic, "The numbers show Ontario's economy continues to grow at an impressive rate."

What these celebrants fail to realise is that there still "is" unemployment, which "is" a symptom of capitalism and will always exist, no matter how it fluctuates, within capitalism. 

John Ayers.

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