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> The income of low-income workers is spent back into the economy I think this statement vastly underestimates how much money is remitted back home by foreign
by tenpies 11y ago
> The income of low-income workers is spent back into the economy
I think this statement vastly underestimates how much money is remitted back home by foreign workers - even low-income workers. In Canada, we lose about 24 billion USD every year this way [1].
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[1] http://www.cbc.ca/news/business/sending-remittances-low-dollar-1.3404145 http://www.cbc.ca/news/business/sending-remittances-low-doll...