Economy adds better-than-expected 54,900 jobs
- Thread starter CBC News
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What is always left out of this is the number of Job Losses and high paying job losses, here in Ontario a significant number of new jobs pay less than those they are replacing. And the average income in the country has fallen as per the last stats i have seen. Alberta is the enigma in the country, but with those higher wages also comes a higher cost of living. Here housing prices after several years of higher prices, are falling off with prices locally dropping. The sheer number of folks getting laid off and losing jobs as a result of automotive downsizing, and other industries leaving to cheaper child labour friendly nations. Have stopped much of Ontario's economic growth, the numbers that have been released most likely do not reflect the local downsizing trend. On the local news plant closures and layoffs seem to be the story of the day almost every day, even the unions are powerless at this point. If this trend continues unchecked, i'd say the word recession and or deppression are likely in the next several years.
I think the anecdotal is always an important measure of the health of an economy. I'm not a big believer in government stats. If it walks like a duck, talks like a duck, and looks like a duck and the government says it's a canary, it's still likely a duck.
I live in the Kawarthas of Ontario. Factory and depot closures have come non-stop for the last decade. Food bank use is way up. You'll find beggars on most streets of Peterborough on a good day. The downtown core has empty shops virtually on every street. Doesn't look like a vibrant economy to me. That's anecdotal.
I'm not saying that anecdotal isn't true. In the case you say it isn't anecdotal, it's systemic. I live in the Maritimes, and there are many areas here that have the same problems. What do they do? They either moan and complain about it, or move to where there is work, namely Alberta.
So more aptly we could say the Canadian economy is vibtant, but localized. I wouldn't choose Cape Breton to represent Canada's economy for example...
So more aptly we could say the Canadian economy is vibtant, but localized. I wouldn't choose Cape Breton to represent Canada's economy for example...
I would think the government stats are deffinately suspect and full of hot air. Overall our economy is on a downward slide, following the trend in the states. The war on Terror has all but knocked the wind out of our collective economy with it's trillions in spending, and when was the last time you saw any real measures to protect our industries on either side of the border from $30 dollars weekly offshore lowballers. We can't compete when it's cheaper to buy offshore, ship it and sell it, than it is for us just to make the raw materials.
I knew there was something wrong with you.... I just couldn't pin point it!
(just kidding with ya!) :smile:
4 more plants just went under in the local Area in the last week, The NDP under Jack Layton is getting involved federally, and The NDP provincially under Howard Hampton are the only party even remotely addressing the issue. The closures are not just effecting the existing workers, in 2 of the plants there is speculation that the pension plans have been drained as well. If true than all the reitirees of those facilities might be leaving retirement, as they may be finding there pension cheques bouncing in the near future. This issue is huge for all of us in both Canada and the U.S. We cannot compete with cheap foreign labour, in many cases it is cheaper for a foreign product to be made, shippped, sorted, distributed and sold here than we can do locally because of our standards and cost of living. To heck with free trade, protective tariffs and levies on cheap foreign goods need to be restored along with the neccessary legislation to protect our markets. These coupled with tax incentives for 100% homegrown products and the companies that produce them.
$50? Wrong there. You can get a Diamond Vision DVD player from Wal-Mart for $19.
Dead on serious
Things balance out.
Pay goes down, but prices drop too, people who lose their jobs survive due to the low prices created by job losses 8O
Pay goes down, but prices drop too, people who lose their jobs survive due to the low prices created by job losses
Not entirely most of the cost of living in this country is driven by taxation, and the government never lowers taxes only finds a new source for what they are giving back. And those $19 dollar DVD players ussually have a lot lower life span, anybody from back in the day with a large stereo system knows about quality electronics. Still can't get that 1 of mine over 13 out of 30 on the volume bar (Its just to loud ;-):lol: ) And i bought it in 86.
Not entirely most of the cost of living in this country is driven by taxation, and the government never lowers taxes only finds a new source for what they are giving back. And those $19 dollar DVD players ussually have a lot lower life span, anybody from back in the day with a large stereo system knows about quality electronics. Still can't get that 1 of mine over 13 out of 30 on the volume bar (Its just to loud ;-):lol: ) And i bought it in 86.
55k jobs created in a month in Canada is a lot of jobs.
Its much better than what America is producing.
Its much better than what America is producing.