Saturday, January 26, 2008

Jobs, Jobs, Jobs...


... is a mantra repeated by politicians all over the world, but it doesn't mean much. Why? because it doesn't matter how much of your population is employed as it matters how much those jobs are worth. Yes, the level of employment does go up in a boom time, and down again in a bust time. However, there are plenty of countries with very low living standards that have levels of employment similar to Canada. The difference? Their jobs pay one or two dollars an hour. Next time you read a "job report" in the paper, dig a bit deeper and see what kind of jobs are being created.