Household income declines in Alberta due to oil

[mentalfloss]

Household income declines in Alberta due to oil​

After oil prices crashed in 2015 — and then swung up and down amid volatile global demand and shifting environmental regulations — Dan says technology has become a more sustainable industry than oil and gas and a better way to ensure she can leave a legacy for her two sons.

"If you're not into tech, you're kind of a dinosaur," said Dan, a single parent who moved to Canada from Romania in 1984.

The decline, also seen in Edmonton, were a result of the urban centres taking a hit from low oil prices and the COVID-19 pandemic, said a spokesperson for Statistics Canada.

"Oil prices were at record lows (in the spring of 2020) … and that tends to have far-reaching effects on the economies of the province, and not just the resource sector," said André Bernard, chief of the centre for income and socioeconomic well-being at Statistics Canada.

Alberta's average household income drops | CTV News

 

[taxslave]

Much of the tech sector is heavily involved with the oil biz. Just oil jobs pay better.

 

[Jinentonix]

Headline should read; Alberta household incomes decline due to pathetic revenge policies against western oil initiated by Trudeau.

 

[Nick Danger]

Headline should read; Alberta household incomes decline due to pathetic revenge policies against western oil initiated by Trudeau.

That line probably sells in Alberta of Sakatchewan, but not anywhere else. The oil producers themselves have been hammering away at trade unions (and wages in general) since the bottom came out of the market in 2014, it was the same no matter what government was in power federally or provincially.