))
A Better Way Forward with Liliana Camacho
Manage episode 471052544 series 3540782
Content provided by Broadbent Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Broadbent Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Liliana Camacho explains that while rising costs are squeezing businesses, increasing wages and capping rent are not the problem—they’re actually part of the solution.
Even Canadian businesses know that low wages and the high cost of housing are two big factors in the cost-of-living crisis, and are hurting customers and business itself. Liliana Camacho, economist at the Better Way Alliance, argues that while rising costs are squeezing businesses, increasing wages and capping rent are not the problem—they’re an investment in better and sustainable business.
Raising wages has a cascade effect, strengthening the economy and benefiting both workers and businesses alike. Housing affordability is not just a crisis for renters—it’s a crisis for businesses too. With rents outpacing wages, and customers being limited in their spending with wages failing to meet the cost-of-living, how are businesses navigating the squeeze? What policies and structural changes could ease the burden? Camacho explores these pressing questions and offers insight into the road ahead for Canadian businesses. Rather than cutting wages to survive, Camacho talks about alternative approaches to adapt to the current economic climate.
Listen to our conversation with Liliana Camacho on how businesses can adjust to rising costs and why fair wage growth is key to long-term resilience.
Notes
- Spillover Effects: Making Minimum Wage Increases a Popular Policy Choice by Garrett Evans, Perspectives Journal no. 2, Nov. 7, 2024.
- Food bank usage in Toronto is higher than its ever been, says new report by Joanne Lavoie CTV News, Nov. 12, 2024.
- Wage Increase in 2018 wasn't a job killer by Clarrie Feinstein, The Toronto Star, April 5, 2022.
- Winning Renters’ Rights with Chiara Padovani Activists Make History, a Perspectives Journal podcast, Nov. 26 2024
- Corporate Tax Breaks, Housing Heartbreaks with Silas Xuereb, Perspectives Journal podcast. Oct. 7 2024
38 episodes
Share
