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Decentralized Democracy

Member of Parliament

Matthew Green

  • Member of Parliament
  • Member of Parliament
  • NDP
  • Hamilton Centre
  • Ontario
  • Voting Attendance: 65%
  • Expenses Last Quarter: $131,250.15

  • Government Page
Context: House Hansard - 311 - May/8/24
Mr. Matthew Green (Hamilton Centre, NDP)
  • May/8/24 4:49:53 p.m.
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Mr. Speaker, I appreciate the hon. member raising the cost of housing as a prime issue. He called it a “black hole”. I would say that, in some regards, the financialization of housing is parasitic, particularly when it comes to workers and working-class people. The hon. member raised the way in which housing costs have ballooned out of control. I would put to colleagues the parable of the carpenter. Some 10 or 15 years ago, the average wage for a carpenter was about $42 an hour. The house that they would build would be about $300,000 to $350,000 for a home. If we fast-track to today, this present moment, the same carpenter, that master craftsperson, has an average salary of $49 an hour, but the homes they build are $700,000 to $800,000 for a home. Does the hon. member agree in the economic theory stating that the surplus value of workers' wages is being redistributed to the ultrawealthy and captured by the banks, the financial class and the real estate class of this economy, which do not actually produce the wealth? It is the worker who produces the wealth in this regard.
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Context: House Hansard - 233 - Oct/17/23
Mr. Matthew Green (Hamilton Centre, NDP)
  • Oct/17/23 4:17:43 p.m.
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Mr. Speaker, I often enjoy my debates with the hon. member for Northumberland—Peterborough South. He likes to reference his economic theory. He did some of that today in talking about the out-of-control housing crisis we have, what I affectionately call the crisis of capitalism. I would like the hon. member to reflect on this. In 2013, in Hamilton, the average house cost was $350,000. The high end of a unionized carpenter's salary was $42 an hour. Fast-forward 10 years and the high end for a unionized carpenter's salary is $48 an hour, but the same home the carpenter builds has now doubled in price, to over $700,000. That is what we are looking at now. The reality is that the surplus value of the labourer's work, the money he or she is building and wealth he or she is creating in this country, is going somewhere, but who is not going to? It is not going to the worker. My question for the hon. member is on his economic theory. When he looks at the crisis of capitalism and the housing crisis, would he at least have the courage today to stand up and talk about where the surplus value of labour is going? It is not going to the working class but to Bay Street, the banks and big developers.
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