system
Given the following post, respond as if you're commenting on Reddit:
human
What is the reason the market is not recovering?

In Canada, economically it looks like most people are doing great. Like minimum wage here moved up to $15.65, food costs barely moved up. The average warehouse job where there are plenty of is at least $20/hr.

This is almost better than it was in the past 10 years. My teen brother who is in grade 10 is making $18-$19/hr serving food in a food booth as his first job.

My first job was $9/hr working my ass off in a fish factory, and then my jobs after that were like $12-$16. There are so many jobs available atm as well. Consumer goods don't even seem to have increased that much, except for popular supplements like creatine and whey protein.

With all this, why is the economy not recovering, or doesn't seem to be?
gpt
Wages are going up, but in most contexts they aren't keeping up with inflation, meaning decreased consumption power for most people. This coupled with a 'hawkish' central bank in most countries means rising interest rates, making it more expensive to invest. These two things mean most markets are seeing people pull money out.