10% unemployment is coming

The Corporation of the City of London is not the only center of a depressed region in Ontario but it is the one closet to my front porch. 9.6% unemployment figures in March may be telling us that political and business priorities may not be working, may not be healthy for a growing number of London's citizens (and likewise in other faltering regions).

[Photo of London Free Press, April 6, 2013] 

A few thoughts cross my mind:

London may break the 10% unemployment line by mid-spring. Action is required before more families suffer degradation.

Mayor Fontana's election of 10,000 new jobs sounds so far-fetched, rooted in nothing resembling reality. Did anyone actually believe him?

Many job creators are not using their low corporate tax rate to create new jobs. Some record high profits and then hire off-shore staff.

If the job-creators do not create jobs, government should do so. Higher corporate tax rates may be in order to stimulate the economy before more families fail.

["Why high unemployment?" London Free Press, April 6]

More people now graduate from school to face the bleakest of prospects. If big business (Harper's job-creators) and governments don't create jobs soon, 11% unemployment is next.

What thoughts cross your mind?

Photos by GH

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