Good points. It is certainly true that times of labour shortage result in higher wages and higher standards of living. One beneficial result of the huge death toll in Britain due to the Black Death was a shortage of labour. Wages rose dramatically, and serfs were able to become land owners in heir own right, so leading to the rise of the yeoman classes - land owning middle classes who spoke English, not French. Governments would be better to put their money into education and alleviating poverty than into socail services supporting migrants.
Canada probably would do better if it adopted free trade instead of having wealth destroying restrictive trade practices. Far from protecting jobs and industries, subsidising inefficient industries gobbles up capital and tends to leave a country in unsustainable debt. This is Canada's position at present. The TTPA presented a marvellous opportunity for Canada to "come right" but it short sightedly negotiated and achieved a protectionist position.
Massive Inflation did not help Germany in the 1920s. It did make paying off reparations easier, but it had a devastating effect on the economy. It also depends on what the loans are denominated in. If dollars or Euros then devaluation only makes matters worse.
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Economics And Migration
Good points. It is certainly true that times of labour shortage result in higher wages and higher standards of living. One beneficial result of the huge death toll in Britain due to the Black Death was a shortage of labour. Wages rose dramatically, and serfs were able to become land owners in heir own right, so leading to the rise of the yeoman classes - land owning middle classes who spoke English, not French. Governments would be better to put their money into education and alleviating poverty than into socail services supporting migrants.
Canada Within The World: The Importance Of Capital Inflows
Canada probably would do better if it adopted free trade instead of having wealth destroying restrictive trade practices. Far from protecting jobs and industries, subsidising inefficient industries gobbles up capital and tends to leave a country in unsustainable debt. This is Canada's position at present. The TTPA presented a marvellous opportunity for Canada to "come right" but it short sightedly negotiated and achieved a protectionist position.
The Simple Math Behind Greece’s Complicated Situation
Massive Inflation did not help Germany in the 1920s. It did make paying off reparations easier, but it had a devastating effect on the economy. It also depends on what the loans are denominated in. If dollars or Euros then devaluation only makes matters worse.