@FIFAWorldCup The unemployment rate remains low at 4.3% in May.
This is certainly very encouraging, but we shouldn't forget that absent the notable decline in labor force participation of the past year (more than 0.6pt), the unemployment rate would be closer to 5%.
@FIFAWorldCup 🔻Wage growth -0.2pt to 3.4% y/y
👀Wage growth falling further into the low 3% is not a positive development for households. Remember the labor market is NOT inflationary w/ unit labor costs up only 0.5% y/y.
🔻The real concern: the income squeeze
A peak into life in the ai term paper trenches 🧵
3 student zoom interviews today about suspected ai use in papers. All three were flagged by @pangram. Here’s how it turned out:
A sobering statistic from the BLS highlights another dimension of the Main Street/Wall Street divide:
The US labor share of output fell to 54.1% in Q1 2026, the lowest level since this data series began in 1947.
Put another way, labor is consistently capturing a declining share of the value created by productivity gains, with the benefits increasingly accruing to the owners of capital.
#economy #markets #labor #productivity
The #TDSB’s use of uncertified teachers has increased by a staggering 1,152% in the seven years since 2017-18. Nobody wants to teach due to the pay and working conditions.
#onted#cdned#edchat https://t.co/ZnCUcb1Yvv
The Director of Education for the Near North DSB has retired. The board is under provincial supervision.
Craig Myles increased his own salary, let a family member use a board credit card, and moved his office into an empty school https://t.co/9UHAmOmSQu
@_Andrew_Chu_@GLoncarich@SOSTDSB@DrPeiTO@TorontoStar Finland’s municipalities function as full education authorities. If Ontario wanted to mirror that, we’d need to rewrite the Education Act and transfer school board powers to municipal councils. That’s a very different structure than the one we have now.
@_Andrew_Chu_@GLoncarich@SOSTDSB@DrPeiTO@TorontoStar MPPs provide provincial oversight, but education also needs specialized local governance. Municipal councils focus on land use and services, not curriculum, staffing, or student supports. School boards remain the dedicated governance structure for those responsibilities.
#Onted
@_Andrew_Chu_@GLoncarich@SOSTDSB@DrPeiTO@TorontoStar School boards no longer levy taxes, but education still requires democratic oversight of taxpayer funds because it’s compulsory, community-based, and affects families/children daily.
Healthcare governance differs —services are accessed as needed and guided by clinicians.
@_Andrew_Chu_@GLoncarich@SOSTDSB@DrPeiTO@TorontoStar Charter schools may be not-for-profit and tuition-free, but they form a publicly funded system that sits outside the authority of elected school boards.
Public money = public oversight/governance.
#Onted
@_Andrew_Chu_@GLoncarich@SOSTDSB@DrPeiTO@TorontoStar I understand the analogy, but family doctors operate within a single unified system under provincial regulation. Charter schools, by design, create a publicly funded but separately governed system. That is why the privatization debate exists.
#Onted
@_Andrew_Chu_@GLoncarich@SOSTDSB@DrPeiTO@TorontoStar Always interesting when discussions about charter schools end abruptly. For the record: public funding + private governance structures is why people debate whether they’re a form of subsidized privatization.
(Blocking me doesn't change those facts.)
Thanks for the insight.
@GLoncarich@_Andrew_Chu_@SOSTDSB@DrPeiTO@TorontoStar Public operating grants flowing into a privately governed school are a *subsidy*.
Governance (shaped by donors/sponsors) guide the school's operations.
Public money without public accountability is still *public money spent privately*.
Why should #Onted taxpayers pay for this?