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When I came out to the oil patch in Alberta in 2010, I had no experience to speak of, I was as green as grass. I painted piles and helped a welder throughout the summer. The wage was $18/hr and back then you could buy 7.5 average pounds of ground beef. $2.40/lb. Today, our hardworking journeyman tradesmen and women are earning an average of about $48/hr amongst the trades. The journeyman at $48/hr who is now teaching apprentices of his own, is earning 5.5 average pounds of ground beef. $8.78/lb. All of the purchasing power increase that the worker would have otherwise had for themselves, having earned their Red Seal Journeyman ticket, is gone. Now we earn 2 average pounds of ground beef LESS every hour. And when payday comes, half of the ground beef that we spent the last couple hundred hours earning, is consumed immediately by the government before we stock the freezer. In Canada the cost of one pound of ground beef went up essentially 4x in 15 years. Based on the US price of ground beef and m2, as well taking into account our loonie was almost at par to the dollar in 2010.

@Rustin 丰 Bessent told Sorkin that inflation has been 25% Nationally in 4 years. Great show today. Stay humble and stack sats.