Justin Trudeau ran as the candidate who would “help the middle class.” He attacked the previous government for their economic policies, and promised “real change,” that would create good jobs for Canadians across the nation.
But like Trudeau’s other promises, they’ve turned out to be nothing but lies.
In fact, the Trudeau economy has led to the weakest wage growth in 20 years.
As reported by Bloomberg, average hourly wage increases were up 1.1% year-over-year, which was the lowest increase since 1998. It is also far below the historical average of 2.7% in the last 10 years.
When looking further into the numbers, things are even worse for permanent workers. They had the lowest wage growth since 1997.
And when it comes to the province-by-province picture, the increase in Ontario was only 0.1% year-over-year, which is the lowest increase ever recorded.
Not exactly good times for the middle class.
It’s no surprise that the Trudeau economy is failing miserably. By increasing taxes and regulations, and concentrating more power in the hands of government, Trudeau is depriving Canadians of our hard-earned money.
And that’s before the carbon tax goes nationwide.
If the Trudeau government had a shred of common sense, they would realize that if people have less money in their pockets to spend, the entire economy will be weaker.
That’s the reason jobs are still being created, but wages are so weak. More and more, jobs are part-time and piecemeal, and much more precarious than before. Those jobs have low wages to start with, and those numbers are clearly not going up quickly.
So, while Trudeau will try to tout the front-line job numbers as evidence of a great economy, the underlying reality is a badly weakened economy and a fragile job market – not exactly the building blocks of a strong economy for the middle class.
The best way for a government to help people deal with an unstable job market is to lower their taxes. That gives people more of a financial cushion.
Lower taxes would also increase economic growth by giving people more money to spend.
Yet, Trudeau has done the exact opposite. Not only has he increased taxes, but another potential job creator – the promised infrastructure investment – has not been rolled out as promised.
It’s yet another failure from the Trudeau government, and another reason to distrust every word that comes out of their mouths.