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COVID ECONOMICS


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#1961 spanky123

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Posted 08 October 2021 - 02:37 PM

Yes, the automation that is happening is going to be a rude awakening for labour relations. Perhaps this is why Trudeau is contemplating introducing automated labour taxes.

 

Anyone notice that Walmart is putting up overhead cameras every few feet in the aisles. What is that for? Was thinking inventory or stock checking but that should be addressed at checkout.



#1962 Ismo07

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Posted 08 October 2021 - 02:47 PM

Anyone notice that Walmart is putting up overhead cameras every few feet in the aisles. What is that for? Was thinking inventory or stock checking but that should be addressed at checkout.

 

Likely for items that do not make it through checkout...



#1963 Mike K.

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Posted 08 October 2021 - 05:00 PM

Anyone notice that Walmart is putting up overhead cameras every few feet in the aisles. What is that for? Was thinking inventory or stock checking but that should be addressed at checkout.


I wonder if it's early days for an RFID system, that will allow you to link up to automated payment, walk into a store, pick up what you want, and push it through a scanner that instantly generates a receipt and off you go.

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#1964 Victoria Watcher

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Posted Yesterday, 09:19 AM

Liberals considering whether to extend expiring pandemic supports for businesses, individuals


https://www.cbc.ca/n...-soon-1.6213411

A number of the federal government's pandemic supports for individuals and businesses are set to come to an end this week. Most of them can still be extended for the short term without introducing new legislation.

Business and industry groups are acutely aware of the coming end to the pandemic supports they say are still needed to keep the economy afloat, and they say they want the federal government to take action now.

Edited by Victoria Watcher, Yesterday, 09:20 AM.


#1965 rjag

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Posted Yesterday, 09:30 AM

and yet on the other hand the Liberals are trumpeting that there were 157,000 new jobs last month and we are back at pre-pandemic employment... 157,000 new jobs in September get Canada's economy back above pre-pandemic level | CBC News



#1966 spanky123

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Posted Yesterday, 10:30 AM

and yet on the other hand the Liberals are trumpeting that there were 157,000 new jobs last month and we are back at pre-pandemic employment... 157,000 new jobs in September get Canada's economy back above pre-pandemic level | CBC News

 

The Feds have already promised to extend the CEWS for another month until the end of November. Most businesses have now adjusted such that demand exceeds capacity which is why we are seeing inflation in prices in wages and shortages in supplies. Continuing to throw free money to further increase demand will only drive prices higher. Unfortunately for us, that is exactly what the Feds want as they are going to need double digit inflation for years to get themselves out of debt.  Now I can absorb a 15% increase in food and fuel but the people who will be hurt the most are those in the low and middle income brackets - another classic example of economic meddling which accomplishes the opposite of what is intended (or at least stated). 

 

Job numbers are meaningless without commentary on the quality of the work. Having said that however, it does undermine the argument that the CRB needs to be extended. Anyone who wants a job can get one.


Edited by spanky123, Yesterday, 10:37 AM.

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