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SnazzyBalkan
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Read The Theory of Moral Sentiments
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BOC Hits 5%
- Thread starter Mad Mike
- Start date
Mad Mike
Well-known member
Not relvant, basis of but redefined by later theorems.
Are you an.economist or googlist?
Mad Mike
Well-known member
I know that ( go find the biggest $10m banana cottage on balsam lake for the 'old deal').but the example is current, the old deal is gone..
One of our worst problems in Canada is we're trying to operate a fairly socialist country next door to the USA.
Northern European countries seem to able to pay workers a living wage and make a profit.
... seems almost like countries that didn't go in for Reaganomics whole hog are better places to live.
Sam Zemurray would have been a big fan of Ronny... common workers? not so much
Northern European countries seem to able to pay workers a living wage and make a profit.
... seems almost like countries that didn't go in for Reaganomics whole hog are better places to live.
Sam Zemurray would have been a big fan of Ronny... common workers? not so much
Again I think you missed my point. If you're forced to pay to properly dispose of toxic waste and the chinese company can dump it in the stream outback you're obviously at a disadvantage.
Been there. Bananas pay well.
Mad Mike
Well-known member
I didn't miss your point, there are countless examples of cost inputs that are lower in other countries because standards are lower. Levelling that playing field isn't easy. But those things you speak of are relatively insignificant when it comes to cost of goods. Which supports the main point...
Labour productivity is the killer.
Labor productivity is the cost component that opens, closes, and moves factories.
Eventually we run out of cheap labour to exploit. Until then it feels like a race to the bottom.
Wouldn't that be a good thing?
We all want to complain that we lost jobs to Asia... but we have brought more people out of poverty in the last 50 years than in all of time till the last 50 years. Your lost crappy $25/hr job is now feeding and educating 4 families of 5 somewhere in Asia.
The race to the bottom is our fault. We buy too much stuff on price point alone. If the sole deciding factor is price, you get cheap crap.
When you make stuff of the same quality, using the same labour standards, using the same environmental standards, etc etc, the shipping cost from Asia kills any difference in labour costs.
Chris-CJ
Well-known member
The govt has opened 10,000 spots for H1B visa holders that have lost their jobs in the US, cost of the application is $155, selection is based on "first come, first served".
I went to Norway about 12 years ago. Canadians would not accept their way of life. They do not have pick-up trucks, they do not have subdivisions of detached homes, they do not go out for dinner.
They do pay their waitresses nearly as much as their engineers which left every Canadian there puzzled as to why someone would bother getting an education. They has CAD$13 cans of beer from the grocery store, CAD$8/L gas, CAD$30 slice of pizza and a fountain pop, also CAD$140 for a 15 min cab ride.
The min wage jobs were about CAD$20/hr so anything that required labor was extremely expensive. There were only 2 restaurants in town and both were pizza. The engineers at ABB were making about $30/hr and everyone ate at the cafeteria.
Mad Mike
Well-known member
Personally, I think this is more harm than good . Do we need 10,000 programmers or 10,000 laborers?
I'd rather they offer 10,000 spots to able-bodied refugees waiting at the Mexican border. People that have a strong work ethic, won't arrive looking for another $1m home, can realize their dream of a better life, and fill the construction and service jobs we so desperately need to regain the balance we had before we recruited the last 10,000 programmers.
I'm sure we can put 10,000 programmers to work, but I'd prefer to see 10,000 hammers, wheelbarrows, and PWSs first. They can help us catch up the infrastructure and service work we forgot to do over the last 10 years.
South East Asia. Speaking in broad generalizations Cambodia, Thailand, Vietnam, Philippines have the best labor. They show up, work hard, don't complain and pride in their work. If we hire someone from SE Asia to work in the factory, the HR manager literally asks them if they have any family that are also looking for work.
white guys in their 20s are the most likely to go out on disability (and we have alot of 60+yr old ladies).
I'd critique other groups to make my point but it would likely tread to close to racism.
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Please forward to Jagmeet Singh @ NDP.
I asked a Honduran friend what the Honduran economy was based on and he replied agriculture. There used to be a wire goods company but a new government came in and added some taxes. The company moved to Columbia.
Dresden
Well-known member
The likely hood of that happening is certainly (but not absolutely) zero.
The fact that housing has held up so well in the face of the fastest rate increase cycle ever is astonishing. I think a lot of people are severely underestimating how much wealth is in Toronto.
For what it's worth according to StatsCan in 2016: Millennials in the top 10% held 55% of in total net worth accumulated by their generation. That wealth divide is almost certainly much much worse now. Most of that wealth was early helping hands and investments into housing (hence us hearing endlessly about how much debt Canadians are in - it was "good investment debt" in a low rate environment).
Source: https://www150.statcan.gc.ca/n1/en/pub/11-627-m/11-627-m2019029-eng.pdf?st=f3Tnde_d
RIP to those whose parents can't help you. It's going to get much, much worse when we are on the other side of this. For all the Reddit renters cheering for higher rates, those costs are pushed directly down on them. For all those waiting on the sidelines hoping to scoop up a property for cheap, inflation is cooling quick and as soon as rates come down... prices will shoot up.
Millennial Generation in a nutshell:
Attain ******** degree because parents told you to "go to university!!1!" --> Graduate during the worst recession in 100 years --> Struggle to find menial work for years while paying off loans --> put off having kids --> Government supplants lack of births with record immigration to keep up GDP during a time where housing shortages are rampant while simultaneously doing nothing to curb rampant domestic speculation.
Even the politicians are raking it in on the housing game:
Trigger Warning: .
LMAO
We are setting up perfectly for a Canadian Trump-like demagogue political figure which I'm 100% sure will happen in our lifetimes.
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SnazzyBalkan
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Only two choices?
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SnazzyBalkan
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IMHO Immigration to Canada is solely to save a housing market. Allow any suckers who are unaware of this. Debt for you! The children will pay dearly for this.
Um no , the immigration drives business . Many do jobs CDN won’t. They then open thier own business and generally thrive . They contribute to community and all that involves .
And yes they usually buy houses . And pay them off .
Sent from my iPhone using GTAMotorcycle.com
And yes they usually buy houses . And pay them off .
Sent from my iPhone using GTAMotorcycle.com
Mad Mike
Well-known member
Immigration has a number of purposes, some serve the country's economic interests some are benevolent.
The problem Canada faces is lousy planning and targeting. The feds are responsible for this area, their focus has been to attract wealthy immigrants who bring capital to fuel businesses, plus they are less likely to overload the social system -- that makes sense as long as it's done in moderation and with a plan. The main problem is people are arriving faster than we can build homes, medical supports, and civic infrastructure AND there is no plan to settle people where the county needs them -- the majority end up in Toronto, Vancouver and Montreal.
As a result, we have juiced the demand for things like housing and medical care faster than we can build those things. Wealthier people consume those resources -- so when they are in short supply basic economics drives up the prices for free market things like housing, and stresses gov't services like health care.
Up until 2015 Canada did a pretty good job of balancing entry rates, immigration across the spectrum brought a balance of immigrants needed to swing hammers and build businesses. After 2015, not so good. Today we have major supply issues in housing and health care, cities are being overwhelmed with newcomers and there has been no real effort to recruit immigrants for the roles or places that are needed.
I have said before we need to slow down so we can catch up. That's the high level, we also need a better planning -- targeting the workers we desperately need, unlocking licensing roadblocks for specialized workers (doctors, nurses), and better geographic distribution for newcomers.
Elect me as your next Prim Minister and I'll take care of those things.
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