4 ms·
Beyond wage suppression, it feels like there isn't competition any more. Instead of one company undercutting another to offer a better deal, both or all just ra
by morkalork 3y ago
Beyond wage suppression, it feels like there isn't competition any more. Instead of one company undercutting another to offer a better deal, both or all just raise prices for maximum revenue extraction. For example telecom companies and cell phone plans in Canada. They know its an essential service and charge exhorbently for access, because what are you going to do, not have a cellphone? If every "mandatory for living" service (housing, medical, food, utilities, telecom,...) does that, what's left?
- emmanuel_1234 3y agoI feel Canadians get particularly shafted: lower wage, higher cost of life on essentials, stupid high rent in first tier city (where the jobs are!). On the wages only, I wonder what justifies that Canadians make so little in comparison to their American peers living just an hour away across the border. Taxes alone don't seem enough to justify that gap. My take is that Canadians just... accepted it.
- foxyv 3y agoMonopolies and Cartels are definitely a huge contributor to wage suppression and increased cost of living.