SoVote

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.
  • Watch
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.
200 words
  • Hear!
  • Rabble!
  • star_border