REVscene Automotive Forum - View Single Post

Timpo · 02-23-2016, 10:16 AM

wait...I have a question.

I know we all think that Chinese investors raising housing prices is a bad thing, because our living cost in BC is ridiculously high now.

Gas prices, mortgage prices, labour cost for mechanics, carpenters, anything and everything... all gone up..

But is this a bad thing?

If our living cost goes up, inevitably government would have to raise the minimum wage.

OK so here's an example:
Say BC government announce that minimum wage is now $30/hr due to housing prices, blah blah blah.
Which means, grocery prices will go up because of labour, and all the other things in stores might go up too.
BUT!
What about cars and houses?
Cars that are made in Japan, USA, Germany, etc...will be whole a lot cheaper. (Sure, it will go up due to dealership people getting higher wage) but the cost of goods for car itself will be a lot lower relative to how much money people are making.
This can be said for anything made overseas. Which is majority of what we buy (how many "Made in Canada" products do you see everyday anyways)

I know I'm missing something, but it may not be all bad thing?

02-23-2016, 10:16 AM	#5025
Timpo I WANT MY 10 YEARS BACK FROM RS.net! Join Date: Mar 2002 Location: ... Posts: 20,300 Thanked 4,525 Times in 1,357 Posts Failed 4,505 Times in 971 Posts	wait...I have a question. I know we all think that Chinese investors raising housing prices is a bad thing, because our living cost in BC is ridiculously high now. Gas prices, mortgage prices, labour cost for mechanics, carpenters, anything and everything... all gone up.. But is this a bad thing? If our living cost goes up, inevitably government would have to raise the minimum wage. OK so here's an example: Say BC government announce that minimum wage is now $30/hr due to housing prices, blah blah blah. Which means, grocery prices will go up because of labour, and all the other things in stores might go up too. BUT! What about cars and houses? Cars that are made in Japan, USA, Germany, etc...will be whole a lot cheaper. (Sure, it will go up due to dealership people getting higher wage) but the cost of goods for car itself will be a lot lower relative to how much money people are making. This can be said for anything made overseas. Which is majority of what we buy (how many "Made in Canada" products do you see everyday anyways) I know I'm missing something, but it may not be all bad thing?