[The rural rate sounds like it’s higher, which might mean more trouble for cities in the future, as people move from unproductive farms to less-than productive cities nearby.]
Why are we doing so poorly?
Here’s a clue:
“BMO economist Doug Porter said he had hoped job losses in the London area would ease in July because of signs the auto sector was starting to rebound last month.” (Free Press, Saturday’s issue)
["We can make them, but not sell them": photo link]
So, part of the reason is, the auto industry didn’t rebound very much.
Also, overall in our home province and country there have been significant job losses related to tourism, manufacturing, construction, transportation and warehousing, all areas affecting our city, I’m sure.
If London was a kitchen utensil, it would be a sieve.
Can we recover?
If we lived in a perfect world, of course.
If we had unlimited material resources, boundless supplies of clean air, energy and water and could print our own currency [money doesn’t grow on trees, and if it did, in Deforest City we’d just cut them down to make way for another large single-family home or big box store - sorry, I digress] we’d be fine. We could just produce, buy and sell stuff without end and not worry about the consequences - if we lived in a perfect world of limitless consumption.
But we don’t. Our physical world has limits.
***
More to follow.
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