Canadian and American markets moved higher on Friday, with the TSX posting a new all-time closing high, even as jobs reports in both countries painted different economic pictures.
Of course. Markets respond to company profits and losses, not employee profits and losses. Layoffs, low wages, and buybacks boost share prices, we all know this! As long as a few people will pay big money, those who benefit don’t care if most people can’t afford anything. To me, this is one of many signs chasing higher GDP all the time largely just enriches the wealthy further while doing nothing for most people.
Of course. Markets respond to company profits and losses, not employee profits and losses. Layoffs, low wages, and buybacks boost share prices, we all know this! As long as a few people will pay big money, those who benefit don’t care if most people can’t afford anything. To me, this is one of many signs chasing higher GDP all the time largely just enriches the wealthy further while doing nothing for most people.