this post was submitted on 23 Jul 2023
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A new economic report from TD says Canada is falling behind the standard-of-living curve compared to its peers.

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[–] PeepinGoodArgs@reddthat.com 62 points 1 year ago* (last edited 1 year ago) (1 children)

If y'all keep listening to conservatives and businessmen, you're going to catch down to the United States of America

“Economic growth does not necessarily equate to economic prosperity,” TD economist Marc Ercolao wrote

This is what I'm talking about. This is the second line in an article that spends the entire time talking about a decline in economic growth as a proxy for standard of living. Changes in GDP don't mean shit if the wealth isn't fairly distributed

[–] cyberpunk007@lemmy.world -2 points 1 year ago (1 children)

Aren't the conservatives talking about more proper wealth distribution though?

[–] Nalivai@discuss.tchncs.de 7 points 1 year ago

Never heard conservatives talking about anything like that, in any country. If they ever talk about it it's always bootstraps and tax cuts for the rich