Alberta: 25% Unemployment Rate Incoming

Hoid

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Oct 15, 2017
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High unemployment in Alberta will help out BC construction.

We are perpetually short of tradesmen because of the oil fields.
 

gerryh

Time Out
Nov 21, 2004
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High unemployment in Alberta will help out BC construction.
We are perpetually short of tradesmen because of the oil fields.

You're perpetually short of tradesman because your dumbass teachers have pushed university instead of trade schools for far too many years.
 

Hoid

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Oct 15, 2017
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You're perpetually short of tradesman because your dumbass teachers have pushed university instead of trade schools for far too many years.
I thought it was because a first year apprentice in BC can make more money as a laborer in Alberta than he can as a tradesman in BC.

You learn something new every day.
 

taxslave

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Nov 25, 2008
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I thought it was because a first year apprentice in BC can make more money as a laborer in Alberta than he can as a tradesman in BC.
You learn something new every day.
That has always been the case in BC. Not just Alberta either. A labourer in BC makes more than most apprentices.
 

Twin_Moose

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Apr 17, 2017
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Oil and beef: Alberta must diversify as major industries hit by COVID-19
https://globalnews.ca/news/6882838/covid-19-alberta-oil-beef-economy/

What more should they diversify into MF? They are into everything available to them. Oil is their biggest industry and seen huge influx of migrants trying to cash in starting in the early 80's, because Alta. was still rolling while the rest of Canada was in a recession.

Before the Boom Alta was holding their own with a much lower population, even lower than Sask. If it wasn't for our Sask. Gov. of the day the boom would have been here as well, and we would be in almost the same boat.

Road infrastructure was their downfall all the Highway upgrading, and traffic flow infrastructure, that was demanded to handle the swarm of workers that invaded the province. The province was never able to get ahead of the infrastructure which is still being built, came with a high price tag.

Just to add: The Libs. of the day are partially responsible for this as well by trying to reduce the unemployment rates/costs in the East they payed for expenses to move or travel back and forth to work in Alberta.
 

captain morgan

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Mar 28, 2009
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A Mouse Once Bit My Sister
Ironic that flossy speaks of AB needing to diversify when his own home province is having their own difficulties (pretty big ones) and they were 'diversified'... Seems that they regulated themselves into have-not status through electing a bunch of heavy spending do-gooders that crushed their core industries
 

pgs

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Nov 29, 2008
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Ironic that flossy speaks of AB needing to diversify when his own home province is having their own difficulties (pretty big ones) and they were 'diversified'... Seems that they regulated themselves into have-not status through electing a bunch of heavy spending do-gooders that crushed their core industries
We have also killed the cruise business , the convention trade and air travel . Our forestry sector is reeling and the natural gas pipeline is stopped by the courts . Yup we have lots to feel superior about .
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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"Alberta's budget deficit this year may triple from $7 billion to almost $20 billion," the premier said, adding that we will soon face "a great fiscal reckoning."

This isn't an exaggeration.

Instead of a modest surplus by 2022, we may see a deficit of more than $9 billion.

Let that sink in. After four years of significant spending restraint, we're on track for a larger deficit than the one we started with.

https://www.cbc.ca/amp/1.5546481
 

pgs

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Nov 29, 2008
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"Alberta's budget deficit this year may triple from $7 billion to almost $20 billion," the premier said, adding that we will soon face "a great fiscal reckoning."

This isn't an exaggeration.

Instead of a modest surplus by 2022, we may see a deficit of more than $9 billion.

Let that sink in. After four years of significant spending restraint, we're on track for a larger deficit than the one we started with.

https://www.cbc.ca/amp/1.5546481
This is terrible . Why they just can’t keep up . Canada’s deficit projection went from a paltry twenty billion all the way up to two hundred and twenty billion . That hissing sound is your purchasing power leaking out of your wallet .