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Low income families in Canada have less disposable income than ever
(www.policyalternatives.ca)
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What's talked about by out new PM at least is that wages are too low. That's the other side of the problem. We tend to increase wages instead of decreasing prices because we don't like deflation. That said for wages to go up we need the government to strengthen labour and I'm not sure that's happening. At least not yet. Also I think your conclusions are correct.