Sunday, March 26, 2006

Inflation gets inflated for the causes of the rich.

So many arguments I've heard about rates of economic indicators often are related to inflation rates. Take for example, tuition rates. I have read a lot of blowhard advice on behalf of thestar.com's readers that tuition rates may need to be unfrozen so that they are consistent at least with inflation. This is blunt one-sided nonsense. If you are going to go ahead and talk about how tuition ought to be consistent with inflation rates, you cannot ignore the fact that minimum wage, and wages of students do not go up in accordance with inflation. The Ontario minimum wage has been frozen for so long during the conservative regime who ironically is the very voice of inflation-based arguments. I agree, inflation exists, and some measures should be taken to effectively reduce the burden of inflation in spending activity. But I disagree that inflation should be an economic indicator of only one aspect of economic activity.

And another thing, but not related to inflation:
What's tricky is a policy of paid civic vacations even if one is on vacation. This sounds great- how supportive of the welfare state and so such. But What is tricky about it is how in practice the people who benefit from this are at least that group which even gets vacation and vacation pay. Many minimum wage- earners and temporary staffers are not offered such delights on behalf of those companies which employ them. The blokes at the top staffing its subordinates might get this lovely benefit, but not those whom these blokes exploit. I've been a temporary staffer at GMAC and witnessed these differences. Initially these provisions seem staffer-friendly, but usually only the parts of the staff which are not students, new immigrants, single moms; in short, the dependents and at-risk groups of society. Shame.

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