OldSolduer
Army.ca Relic
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And refuse Greece as well
"Secret RCMP report warns Canadians may revolt once they realize how broke they are" (NatPost/Postmedia)
- Thread starter The Bread Guy
- Start date
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I've been saying it since he became PM. He's not here to lead the country, he's here to destroy our way of life. Him and Biden in lockstep, using the same initiatives. Spending us into generational debt, throttling the fossil fuel industry, homeless and starving people encampmented in trudeauvilles in every city. Our military is in shambles. He has set us against each other with his divisiveness and lies. Enriched himself as Canadians struggle. What you see here is happening in spades south of us due to difference in population. Unchecked illegal immigration, straining and draining our social programs and initiatives. And the Red Chinese. Both trudeau and biden are enamoured and beholden to the ChiComs. Allowing them free reign to operate in North America, steal our manufacturing processes and intellectual property, extract our resources and letting them gather intelligence with impunity, buying up our agricultural land and food processing plants. And fixing our elections. Whether it be allowing spy balloons free to gather whatever they wish or providing funding and live virus to create covid and unleashing it on the world. No, they aren't leaders of their countries, they are Manchurian candidates selling their countrymen out for 30 pieces of silver. People gotta pull their heads out of their asses and start paying attention to what this pair are doing to North America. One country cannot fall into whatever communist, socialist, marxist or whatever society they are trying to drag us into, alone. Both have to go down together. Hence why soretoro is in such a panic while he watches biden destroy his his marxist legacy. Even running the WH from his basement hasn't been enough to stop biden from playing a monkey with an AK 47. Say what you will about Poliviere and Trump, at least they love their countries. Sleepy Joe and Sock Boy, not so much.
I fully agree.
OldSolduer
Army.ca Relic
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His disdain for Western Canada is quite visible. His father detested Western Canada as did others.
daftandbarmy
Army.ca Dinosaur
- Reaction score
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Here we go again....
Canada’s lagging economic and productivity performance is no secret. Various articles in The Hub have highlighted it, most recently one by Sean Speer and Taylor Jackson. “At the heart of Canada’s economic malaise,” they correctly noted, “is low productivity growth.”
And last week, Bank of Canada Senior Deputy Governor Carolyn Rogers echoed this sentiment. In uncharacteristically strong language for a central banker, she said Canada’s “long-standing, poor record on productivity” is “an emergency” and that “it’s time to break the glass.” (It’s a really good speech; read it, I’ll wait.)
These are not exaggerations. Labour productivity has grown by 0.2 percent annually, on average, between early 2015 and the end of 2023. That’s the slowest growth over an eight-year period ever recorded. (At least since comparable data started in 1946.1)
But this can be a difficult economic statistic for many to understand and, therefore, easy for political leaders to ignore.
So I want to draw attention to something much more concrete: income.
How much our jobs pay—and what’s left after taxes and inflation to buy the items we need—affects us daily. And, unfortunately, income growth has stalled to rates rarely seen in Canadian history. Only twice in the past century have we lived through more sluggish growth than today—both during serious recessions.
Let’s start with pay.
University of Waterloo economist Mikal Skuterud recently estimated that earnings growth has been flat for many years. After adjusting for inflation, he finds average weekly earnings have increased only 1.6 percent between January 2015 and January 2024, or less than 0.2 percent per year.
This isn’t because Canadians are working fewer hours or taking pay in other forms (say, with improved benefits). We see this in a broader measure of total hourly labour compensation. Since the end of 2015, total compensation per hour (adjusted for inflation) has grown by only 1.9 percent. That’s 1.9 percent over the entire period from 2015 (Q1) to 2023 (Q4), which works out to 0.2 percent per year, just as Mikal found for weekly earnings.
And, as I illustrate below, it’s a massive drop from a growth rate of more than 1.5 percent per year that Canadian workers saw over the previous two decades. It’s also clear here why productivity matters: it drives growth in our earnings.
thehub.ca
Trevor Tombe: The ‘Great Canadian Slump’ is back
Weekly earnings have increased only 1.6 percent between 2015 and 2024, or less than 0.2 percent per yearCanada’s lagging economic and productivity performance is no secret. Various articles in The Hub have highlighted it, most recently one by Sean Speer and Taylor Jackson. “At the heart of Canada’s economic malaise,” they correctly noted, “is low productivity growth.”
And last week, Bank of Canada Senior Deputy Governor Carolyn Rogers echoed this sentiment. In uncharacteristically strong language for a central banker, she said Canada’s “long-standing, poor record on productivity” is “an emergency” and that “it’s time to break the glass.” (It’s a really good speech; read it, I’ll wait.)
These are not exaggerations. Labour productivity has grown by 0.2 percent annually, on average, between early 2015 and the end of 2023. That’s the slowest growth over an eight-year period ever recorded. (At least since comparable data started in 1946.1)
But this can be a difficult economic statistic for many to understand and, therefore, easy for political leaders to ignore.
So I want to draw attention to something much more concrete: income.
How much our jobs pay—and what’s left after taxes and inflation to buy the items we need—affects us daily. And, unfortunately, income growth has stalled to rates rarely seen in Canadian history. Only twice in the past century have we lived through more sluggish growth than today—both during serious recessions.
Let’s start with pay.
University of Waterloo economist Mikal Skuterud recently estimated that earnings growth has been flat for many years. After adjusting for inflation, he finds average weekly earnings have increased only 1.6 percent between January 2015 and January 2024, or less than 0.2 percent per year.
This isn’t because Canadians are working fewer hours or taking pay in other forms (say, with improved benefits). We see this in a broader measure of total hourly labour compensation. Since the end of 2015, total compensation per hour (adjusted for inflation) has grown by only 1.9 percent. That’s 1.9 percent over the entire period from 2015 (Q1) to 2023 (Q4), which works out to 0.2 percent per year, just as Mikal found for weekly earnings.
And, as I illustrate below, it’s a massive drop from a growth rate of more than 1.5 percent per year that Canadian workers saw over the previous two decades. It’s also clear here why productivity matters: it drives growth in our earnings.
The 'Great Canadian Slump' is back - The Hub
Unfortunately, income growth has stalled to rates rarely seen in Canadian history. Only twice in the past century have we lived through more sluggish growth than today—both during serious recessions.
thehub.ca
- Reaction score
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Our bread is buttered by harvesting and bringing to market our natural resources. Yes that's Oil and Gas. Yes that's minerals. Yes that's coal. Yes that's lumber.
These are all commodities the world needs. We will never have the manufacturing output of China, India, or the U.S. strictly on population size and density. We also will never have the technological or innovation edge that Japan, Korea, or the E.U. has for the same reason.
If we want to have the prosperity we need to ensure those social programs are funded, we need to be the world's provider of things they can't produce themselves; natural resources.
But instead, we want to pretend we are as industrious as the U.S., as Innovative as the Japanese, and as progressive as the E.U. in environment stewardship. All of which we fail miserably at.
The regulatory handcuffs we have put on the harvesting of natural resources has benefitted no one in this country. We are poorer for it and it has driven the cost of everything from housing to fuel to groceries.
Until we come to that realization, we're hooped.
These are all commodities the world needs. We will never have the manufacturing output of China, India, or the U.S. strictly on population size and density. We also will never have the technological or innovation edge that Japan, Korea, or the E.U. has for the same reason.
If we want to have the prosperity we need to ensure those social programs are funded, we need to be the world's provider of things they can't produce themselves; natural resources.
But instead, we want to pretend we are as industrious as the U.S., as Innovative as the Japanese, and as progressive as the E.U. in environment stewardship. All of which we fail miserably at.
The regulatory handcuffs we have put on the harvesting of natural resources has benefitted no one in this country. We are poorer for it and it has driven the cost of everything from housing to fuel to groceries.
Until we come to that realization, we're hooped.
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- Reaction score
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Part of our problem is that the vast majority of Canadians have never been outside of a city, apart from the odd vacation, so "environmentalism" is an easy sell.
How do you convince someone that has never seen the vastness of our wilderness that logging and mining are ok, and the land occupied by a pipeline is unnoticeable unless you're standing right on it? It's a lot easier to show the dirty side of the industries, and convince people who don't know any better, that we need to save every tree.
- Reaction score
- 7,071
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Follow the money of environmentalism in Canada.
Its amazing how nuch money the Carnegie Foundation pours into climatw action groups in Canada, strictly to put a damper on competition. Same with the UAE and Saudis.
Our natrual resource industries are some of the most regulated on earth, moreso than in the countries we import those SAME RESOURCES from. The issue is always NIMBYism and disinformation.
- Reaction score
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The funny thing is that we have the ability to make things better in a way that few, if any, countries on the planet can.
We have more resources than we need. We can make ourselves rich. We can make ourselves rich enough that we could afford to live as we please and still have enough to give away, to make life better for others.
Sell coal, oil, gas, uranium etc at a price high enough to make us rich enough to buy the things we need and low enough that others can afford it. Rich enough to donate. Prices low enough to leave enough margin that the buyers can manage the pollutants/by-products as they see fit.
We have more resources than we need. We can make ourselves rich. We can make ourselves rich enough that we could afford to live as we please and still have enough to give away, to make life better for others.
Sell coal, oil, gas, uranium etc at a price high enough to make us rich enough to buy the things we need and low enough that others can afford it. Rich enough to donate. Prices low enough to leave enough margin that the buyers can manage the pollutants/by-products as they see fit.
