Affordability
5. So what are the issues h) Cost of living i) High Taxes hurting low income workers j) Job security and high unemployment k) Layoffs and facility shutdowns h) Cost of living Trade wars drive up the cost of living. Some food doesn't grow well here but new technologies in vertical gardening are making a difference. Vehicles, appliances, processed food like cereal and snacks, beverages will all be more expensive. Apparently we do make beverage cans of the short variety but not the tall ones. This might be changed. i) High Taxes hurting low income workers PM Carney has as his first act cut Taxes on the lowest bracket by 1% to give everyone an $400 a year savings. j) Job security and high unemployment Trade wars disrupt job security in a big way. One day your working full time then suddenly hours are cut, temporary layoffs or out right loss of job. Those nearing retirement might weather the loss less harshly but all others will not fair well. PM Carney has planned to eliminate wait times on getting EI benefits and how long they can be collected but in a single industry municipality this does little for employment prospects. k) Layoffs and facility shutdowns With layoffs there are presumably a return to work date but shutdowns mean the facility may never return to opperation. Trump has less than four years left. The question is how much damage he does between now and then. I think it very unlikely a new president will continue on this path. The AAA rating has been downgraded on the USA already in just 4 months. If facilities move to the US just how feasible would .it be to move all the equipment rather than replacing it. This could be an upside to this disaster for it means we can repurpose the facility and retain the workers for EV vehicles.