Description:  Unemployment in Canada has hit its lowest rate in forty years. The curious thing though, is that wages are not rising, in contradiction to our understanding of demand and supply. So, we seem to be faced with a case of good news/bad news. Though an increase in jobs is a very good thing, Manulife Asset Management executive Frances Donald said “I would caution us against celebrating too quickly.,”

Date:  December 7, 2018

Source:  cbc.ca

Link: https://www.cbc.ca/news/business/jobs-numbers-unemployment-40-year-low-1.4936445

Discussion points:

1)  With employment numbers up, how does it look for you in terms of finding summer employment?”

2) What’s your theory on why wages are not keeping up with job growth?

3) On page 422 of Wiley’s Financial Accounting: Tools for Business Decision-Making, you can read about the work of collection agencies. How do you think the current low unemployment tsitutation would influence the work of collection agents?