Comment 67721

By Kiely (registered) | Posted August 09, 2011 at 10:15:54

However, the upside of having a lower dollar, is that now our exports are cheaper for other countries to buy. The result will be more stuff being built here in Canada and less stuff being bought from China, etc. That means more jobs for Hamilton.

So once we're able to compete with developing countries it will be good for us?

Jobs, sure maybe... but they'll be minimum wage slave labour jobs or we will simply not compete. The only way for us to compete in the current global economy is to create similar economic benefits for companies in North America as they have in China/India/Asia Pacific countries. The main economic benefit being an excess capacity of low wage workers.

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