But that doesn't answer the question of why things were different in the 1950-75 period. The analysis says we can accept immigration at 0.85% per year at the moment to keep prod stable. In the 2015-2025 period population grew by 1.1% per year. Yet in the 1950-75 period, pop grew by 2.3% per year, prod grew and real wages more than doubled. Something must have been different back then to produce such stark results. What was it?

On a related note, do you believe that growing productivity causes growth in wages?

BTW, thank you for engaging in good faith. I'm doing the same whether we agree or not. 😊

[–] maplesaga@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

Probably because of the extreme inflation, as it was before we had inflation targeting. Something similar happened historically as to whats happening now, Nixon put Arthur Burns in charge of the Fed, because he was an extreme dove. We and the rest of the world then borrowed a ton at very low interest rates, then Volcker came along, and we inevitably had double digit interest rates and a 12% unemployment rate.

Labor takes a long time to absorb unless you are adding at a slow enough rate for the country to absorb. Infrastructure takes a long time to build, BC is now raising taxes on the lowest tax bracket to fund expansion, as Eby has begged the Feds to stop for years now.

https://www.msn.com/en-ca/news/canada/david-eby-s-views-on-migration-problems-shouldn-t-shock-anyone/ar-AA1MBRyM

Would you agree for there to be enough infrastructure they need to tax citizens to fund expansion, which then takes many years to build, and you are effectively paying it forward till those people can contribute themselves?