'Great stagnation' looms over Canadian job economy

[@Captain_Mulligan]

There is no skills shortage - they just want to pay you less

[@abellseaman4114]

Agreed!!!!!!!!!!!!!!!!!!!!! Many of the "jobs" being advertised are "GHOST JOBS" - with employers simply FISHING to see who and what might be willing to work for garbage wages!!!!!!!!!!!! In many cases - employers simply want information regarding HOW LITTLE they can get away with paying their employee!!!!!!!!!!!!!!!!!!

[@abcdedfg8340]

Some individuals created this unstable economy by treating workers poorly. Now they complain because the same workers they burned out with stagnant wages and not enough time off cannot afford to sustain the economy. This sounds like Japan. It is time for employees in Canada to be more tactfully assertive about what is needed to be productive. What do the French or Germans who have more stable middle classes, more productive economies, and more affordable living costs do when their needs are at risk? They work together and even stand up if needed, they dont fall for the divide and conquer game some of these ultra-wealthy have done. We have a democracy, we have rights. People in more dictatorial nations risked death for democracy. We have no excuses for having no backbone, and it is in fact hurting our economy and society. We need a middle class with enough leisure time and money to sustain our economy by supporting communities, families, and businesses. The ultra-wealthy need workers to build their wealth for them. So let's make those among them who forgot the workers listen to us. It's time to abandon the US system and protect our middle class by giving them fair wages and time off so we can build a real economy with real world class companies like in France or Germany. They are major us trade partners and do okay treating workers decently. So there are no excuses for this abysmal treatment of employees that destroys productivity and life satisfaction. Just my opinion.

[@abellseaman4114]

@@abcdedfg8340 You offer TYPICAL LIE-beral EXCUSES AND FAKE PROPAGANDA!!! Canada and United States are NOTHING LIKE JAPAN!!!!!!!!!!!!!!!!!!! Canada and U.S. have ALL MANNER OF RESOURCES AND AVAILABLE LAND!!!!!!!!!! Our problem - which the general public now recognizes and is prepared to take acition against - IS STUPID AND WASTEFUL AND WOKE SOCIALIST GOVT that is destroying our opportunities with heavy taxes and FAILED WOKE POLICIES!!!!!!!!!!!!!!!!!! By comparison - Japan is a crowded little bunch of islands with NO RESOURCES except the determination and discipline of its people!!!!!!!!!!!!!!!!! The HARD TRUTH IS that LIE-berals and the civil service unions and certain special interest groups SPONSORED BY LIE-berals who are BUYING VOTES REGARDLESS OF LONG TERM COST - HAVE BECOME THE OPPRESSORS OF THE GENERAL PUBLIC!!!!!!!!!!!!!!!! One has only to look at the pensions offered to teachers and to politicians with both groups set up to collect SOLID GOLD pensions FOR MANY MORE YEARS THAN THEY ACTUALLY WORKED!!!!!!!!!!!!!!!!!!!!! The civil service and its politician allies have become like the MAFIA - preying upon the general public!!!!!!!!!!!!!!!!!!

[@CommenterIndeed]

Anyone can do routine work. It is innovation, throwing curve balls to solve scientific problem that is hard.

[@abellseaman4114]

@@CommenterIndeed So WHY are LIE-berals farming out ALL our jobs to China and INDIA?????????????? CBC - the propaganda arm of the LIE-beral party produced a report trying to sell us all on the idea of a SERVICE ECONOMY - in which there would be NO MORE MANUFACTURING AND NO MORE RESOURCE EXTRACTION IN Canada!!!!!!!!!!!! The CBC / LIE-beral vision for the future is of an entire nation divided into two groups - the better educated being occupied selling banking and investment and insurance services and the less educated working in big box retail stores or asking customers "do you want fries with that"????????????? LIE-berals long ago decided that having a modern and innovative economy WAS TO MUCH WORK for them to bother with!!!!!!!!!!! And of course resource extraction is much more messy than LIE-berals approve of so it is being systematically forbidden all across Canada!!!!!!!!!!!!!!!!!! And the FACT that Canadian GDP HAS FALLEN IN SEVEN OF THE LAST EIGHT QUARTERS REVEALS THE LIE-beral economic intentions!!!!!!!!!!!!!!!!! LIE-berals WANT US TO BE POOR and economically desperate so that people will be willing to allow LIE-berals to grab ever greater control of our economy as LIE-berals PRETEND TO RESCUE US - from the conditions that HYPOCRITE LIE-berals HAVE CREATED!!!!!!!!!!!!!!!!

[@moneytreesph8198]

I’m Filipino and my son is born and raised in Canada. He’s in IT and hasn’t found a job in his field for 3 years. He found his first job in the Philippines. Imagine that. Canada is screwed in my opinion.

[@kaizokud42]

How did he apply?

[@derek04151]

Canada hires cheaper employees in IT from India. They are educated in a British system.

[@Hazara26]

Forget about IT jobs now too many people in this sector tell him to go become a mechanic or something which makes his hands dirty.

[@manjindergrewal7391]

They just had to say something to fill the gap.

[@specialiseesi6746]

I don´t need to imagine! I couldn´t find a job for 8 months and am working online for clients in Brazil, my homeland. It covers 100% of my expenses. I could never imagine that after being here for 20 years. It´s just insane.

[@tonycosh6012]

Why would any of Canada's smartest talent stay with a tax rate of over 50%, a dollar that is only worth 70 cents,housing that is double the cost of an equivalent house in the U.S and a new Capital gains tax rate of 66% .This is also why 6.5 Million of us have no doctor.

[@NK-fe3md]

housing isn't more expensive, we just get paid so little. Housing in Vancouver is the same if not lower than Seattle for example.

[@cimmeriantower]

@@NK-fe3md it's both. housing is expensive in seattle too

[@ViewpointsVortex]

The stagnation is not caused by Washington; it’s caused by the incompetent Canadian government.

[@JJJohnson441]

keep coping buddy

[@TheDonjuan15]

this

[@titledprince]

Then why has the market been pricing in trump tariff inflation for last 3 months?

[@DjWellDressedMan]

Another PeePee Voter Drinking the latest PeePee Kool-Aid! Facts, Reality and Capitalism wont change your brain-washed Mind.

[@abcdedfg8340]

Also start treating workers better. Germany and france are more productive per hour than the united states in many cases. They provide decent pay, 5 or 6 weeks off so employees are motivated and not burned out, and decent protection for families and employee rights. If you dont want to treat employees with respect as japan did, then expect stagnation. Or get that 30 percent productivity boost from letting employees enjoy life. Enough of the american model. Its time to leave it behind. It led to trump and destroyed the middle class struggling with medical bills and student debt. We need to create a satisfied and productive middle class like in western europe. Just my opinion.

[@tatianastarcic]

If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table

[@sharonwinson-m8g]

Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days

[@Hectorkante]

Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks

[@ClarkeGriffiny7]

I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi market and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

[@BellamyGriffin19]

Who are you working with please?

[@ClarkeGriffiny7]

“ Melissa Terri Swayne is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@DonaldMark-ne7se]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@JacquelinePerrira]

Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?

[@Jamessmith-12]

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

[@kevinmarten]

Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns

[@JacquelinePerrira]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@kevinmarten]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@john_doe_not_found]

The world is asking Canada to export minerals and natural gas. Canada (The Liberals), has said no. America (Trump) is about to slap 30% tariffs on every Canadian good. Manufacturing will pick up and leave. Unless Canada can provide low cost electricity, low cost inputs and low taxes to keep them here. Low cost electricity = build more hydro projects. Low cost inputs = build more mines and refine the products from those mines before exporting. Open up Alberta and build more Transmountain type projects. Preventing Energy East from being built was a huge mistake.

[@michael2275]

100%, we need to get off the RE ponzi and focus back on productive sectors including resources

[@Congtrihayankeomut]

@@michael2275JT must go

[@abcdedfg8340]

@@michael2275 Agreed. And we need to ensure workers are paid fairly and get enough time off to prevent burnout. People need time to recharge, see friends and family, and enough money to enjoy life. Who would work productively if they have to do 3 jobs to survive, or had nothing to look forward too? This joke of 2 weeks vacations has to end. Half that time ends up being spend on jet-lag or travel. Give people real time off so they can recharge. All 2 weeks gives anyone is a rushed and stress filled trip that does nothing to reduce burnout. Its time to accept 5 or 6 weeks off annually as normal, and perhaps split it up to reasonable portions depending on business needs. Perhaps two 3 weeks trips or something like that. There is nothing more unproductive than unhappy employees who know they will never have the time to properly enjoy their life. Why would they work hard? Just my thoughts.

[@NK-fe3md]

None of what you said will happen except the tariffs.

[@cimmeriantower]

@@NK-fe3md not with Trudeau that's for sure

[@georgehiotis]

With Freeland, Trudeau, and Macklem at the helm you can be reassured the economy will get worse and much worse.

[@ericyuan9718]

Uwaterloo and u of t graduates will continue to flock south. Elon won't let Trump tamper with policies regarding TN visas. There are other types of visas that can be used can be used to get into the US as well. Workers will go great lengths to avoid being paid 30to 50 cents on the dollar for their work

[@NK-fe3md]

The salary diff isn't that big, ask me how I know! but ya I got 35% boost for moving, TN will stay, if not EB3 and L1A exists.

[@ericyuan9718]

@@NK-fe3md For tech jobs, it's around triple if u move to the Bay Area, you won't feel 3X richer, more like 2.2X richer due to CoL. The gap is narrower for other fields, eg. finance would be closer to 2X if you're in NYC, 1.5X in lower CoL areas. This is taking into the fx rate.

[@NK-fe3md]

@@ericyuan9718 I'm in tech, adjusting for COL the diff is only 35% and I work for a big tech company. Adjusting for COL and Taxes would be 50% higher in the states (especially Seattle or Austin).

[@ajooba123]

There may not be mass layoff but there is industry wide layoff in majority of companies. New roles are being offered at 2019 pay ranges. Employers are exploiting over immigration situation and offering lower salaries.

[@chopaface]

If we need tech workers then why did so many folks get laid off starting in the tech sector?

[@ShitWrangler]

We need golf cart repair men, and those tech workers will fill the role.

[@ericyuan9718]

@@chopaface they need cheap workers and feel entitled to have Canadian graduates. It's perceived as a crime to them if you dare move to the US and make 2.5X a typical Canadian salary

[@zenchannel_]

Canada needs to cut the out of control Bureaucracy and cut tax cuts

[@lak1294]

Not only AI, but: - data centres - innovation in climate-friendly ways to heat (e.g. nuclear, geothermal) and cool (e.g. water cooling) - identifying strategic areas to promote growth and innovation (e.g. supply of and value-added manufacturing related to any part of the microchip supply chain process, including base materials) - agricultural innovations and fertilizers in response to a warmer planet - fintech innovations (more companies like Shopify) - computer animation and FX (build more world-class, home-grown studios) - healthcare innovations (including digital and AI) - and our old standbys of natural resources (including fossil fuels), which will continue to be needed for a long time Come on, Canada, let's get productivity in our economy back on track!

[@abcdedfg8340]

Exactly. And lets not leave the workers who make our economy possible behind. They deserve decent wages and time off to look forward too. We have no need for a financially exhausted, burned out and miserable labour force that is unproductive. We need a satisfied labour force that wants to be productive. Just my opinion.

[@NK-fe3md]

easier said than done, we have too many regulations and taxes

[@sumeshkumar5941]

Every media person/Lobbyist saying we need tech workers. But do we really have tech jobs ? And competitive companies here to give jobs to high skilled workers.

[@Gronmin]

Right now in Ontario there are very very few tech jobs

[@ggggg77273]

We certainly don't have any tech jobs if they're all filled by people with names like yours.

[@sandipb]

We don’t have good jobs here in Canada because US is still a better place to hire the best in tech. Don’t worry, Trump is going to fix that 😊 As the guest said here, if Canada is not positioned to pick those new jobs up, with the best students coming out of colleges, those jobs will not come here. Jobs will go where companies find a whole variety of hires. You can’t build a job market with just a handful of mid level and senior level talent (speaking as a very senior, age wise, level engineer)

[@BDee3126]

We need tech workers but yet we have no economy for them. All our highly educated and productive tech workers head down South aswell.

[@abcdedfg8340]

Then start treating workers better. Germany and france are more productive per hour than the united states in many cases. They provide decent pay, 5 or 6 weeks off so employees are motivated and not burned out, and decent protection for families and employee rights. If you dont want to treat employees with respect as japan did, then expect stagnation. Or get that 30 percent productivity boost from letting employees enjoy life. Enough of the american model. Its time to leave it behind. It led to trump and destroyed the middle class struggling with medical bills and student debt. We need to create a satisfied and productive middle class like in western europe. Just my opinion.

[@aaronsullivan1628]

Balderdash on fire. Wages have done nothing but sink for the last 30yrs, adjusted for inflation. I know what I was getting paid back in the 90’s and what it would buy, and I know what I was being paid when I just retired, and I can see what things cost now. Wages are 30% lower today as compared to 30yrs ago, adjusted for inflation. And the economy is sick, living on the life support of borrowing a deficit into the sky. Balderdash!

[@ruis2345]

as Trudeau and Freeland always say, Canada economy is the envy of the world. hahaha

[@abellseaman4114]

Trudeau and Freeland THINK that the Cdn economy begins and ends with the civil service unions and assorted special interest groups who would be BANKRUPT without that monthly govt check!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@cimmeriantower]

that's what their inner circle of out of touch syncophants keep saying, anyway.

[@abellseaman4114]

@@cimmeriantower The UGLY REALITY IS that LIE-berals ARE IN TOUCH with how the Cdn general public feels................... THE PROBLEM IS that LIE-berals offer CONTEMPT for general public concerns!!!!!!!!!! LIE-berals have no more concern for our desires or welfare than a medieval lord making demands of the SERFS HE OWNS!!!!!!!!!! LIE-berals have a world vision that sees them living like lords of creation while all others suffer in silence!!!!!!!!!!!!!!!!!!!

[@ameliavv1019]

More like on the brink of collapse. Do the media/politicians live amongst Canadians and speak to real people? We're starving and desperate.

[@dev4statingx90]

No, they consider us the little people

[@daniellelawing]

Investing in stocks is planting a tree for your future; with patience, it will bear fruit

[@smr2346]

Just like a tree, investments need time and care to reach their full potential

[@daniellelawing]

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture the challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

[@smr2346]

Mind if I ask you to recommend this particular coach you are using their service? Seems you've figured it all out

[@daniellelawing]

Gabriel Alberto William is the financial advisor I work with. Most likely, the internet should have his basic info, you can make a research with his full name

[@smr2346]

I just google his name and his website popped up immediately. I'm very much impressed and i will email him right away

[@funguy2627]

can't find a job, employers are too picky. Too much regulation. Lame government. Leave Canada if you can.

[@windfall35]

Under the current federal government Canada has experienced 10 years of managed decline...

[@Sartorius988]

The problem with Canada is over regulation and economies of scale. We also lack a culture of work, we're pound for pound weaker and lazy compared to the US.

[@dev4statingx90]

It's all the damn socialist losers we have living here.

[@abcdedfg8340]

Lots of Canadians worked hard. But they got poorer and poorer as wealth flowed to the top ultrawealthy. Its time to rebuild the middle class wages and give them work life balance. Then they will be healthy and satisfied enough to be as productive as germans or french. Just my opinion.

[@santostv.]

The Americans work 4% more than you guys, problem is productivity you guys produce less than them

[@abcdedfg8340]

​@@santostv.Europeans are actually more productive in many cases than the americans. Alot of us productivity gets eaten up by bad health, high medical costs, unhealthy lifestyles, shorter lives, and unhealthy food. Just my opinion.

[@abcdedfg8340]

​@@santostv.Europeans are actually more productive in many cases than the americans. Alot of us productivity gets eaten up by bad health, high medical costs, unhealthy lifestyles, shorter lives, and unhealthy food. Just my opinion.

[@MTRGUY]

I am a tradie. Every business I come across cant find Millwrights, Electricians, HVAC, refrigeration, techs plumber-fitters etc. Young people are not getting good job counselling advice early on. They turn their noses up at these careers.

[@jinngapling6349]

Well young women are going to college at record Rate and either finding their partners there or in the white collar industry they graduate into. Consensus on globalization over the last 20-30 years before Trump meant men with industrial jobs lost attraction as possible mates. College was presented to youth as gateway to high income & less laborious jobs. And thus men are stuck chasing those dreams and can't go back to trade.

[@santostv.]

Because your body is broken at 50, no career advancements, idk about canada but in my country you only get a little above minimum, the ones making a few bucks are tax evaders

[@MTRGUY]

@@santostv. minimum wage is $17.20 here. You wont find any "red seal" Millwrights working much less than $35/hr more often the wage is much higher than that.

[@NimbleV7]

​@@santostv. The pay is good for union trades here. People just have your mindset and are scared to work. if you take care of your body you'll be fine. I know plenty of older guys over 50 in the trades that are in great shape.

[@santostv.]

@@NimbleV7 Like I said I’m not Canadian, most unions in my country are weak and useless especially for tradies, maybe not everyone at 50 but a lot of older people in my family are tradesmen and some have complains about their bodies, why young people would work a trade for 1000€-1500€ before taxes if they could earn about the same sitting at a desk and depending on your degree you could move up? That’s the racional , knowing that in other countries the opportunity to move up is even larger makes trades even more unattractive off course if they don’t have a degree or one with almost no job opportunities trades are a good option. Canadians have the biggest market next door, in my country people go to Switzerland and Benelux instead.

[@Bushy240-x7z]

Canadian "dragflation", down economy and high inflation. No thanks trudeau!

[@marcgatto9675]

I'm pretty sure that the Libs' new emissions rules for our energy sector will boost employment!

[@bdegrds]

Could be a good time to Invest in bonds since Boc will continue to drop rates

[@Casey-qm1nd]

Why would you invest in bonds? They are liabilities. You will lose your purchasing power to inflation by buying bonds.

[@abcdedfg8340]

Then start treating workers better. Germany and france are more productive per hour than the united states in many cases. They provide decent pay, 5 or 6 weeks off so employees are motivated and not burned out, and decent protection for families and employee rights. If you dont want to treat employees with respect as japan did, then expect stagnation. Or get that 30 percent productivity boost from letting employees enjoy life. Enough of the american model. Its time to leave it behind. It led to trump and destroyed the middle class struggling with medical bills and student debt. We need to create a satisfied and productive middle class like in western europe. Just my opinion.

[@Hazara26]

Don't worry everything will balance by itself 😂😂😂😂

[@therealbenjaminfranklin]

The future of Canada is grim under this woke government, we have full on become a consumer country

[@bradzimmer239]

I guess he didn't anticipate Intel in the USA laying off 15 thousand workers today which also impacts the Canadian economy.

[@vladStoychev-w9z]

There is no skilled workers shortage. He said it himself. Skilled software engineers are going to the US because they pay better. So obviously the problem is somewhere else.

[@jasminhabeeb]

All the Capital available in the Canadian economy is going towards over inflated "trade" in homes. We must create, produce, be it homes, or clay, unless we produce something productive with value no point.

[@michael2275]

It's party time for AB soon. JT gone soon, Trump, capital investment to return. ON and BC will be dealing with RE bubble burst for a decade.

[@bdegrds]

Trumps tariffs will increase inflation and cost of goods in the U. S and effect trade with Canada. Trump can't even come up with an economic plan to fix his failing social media company

[@ericyuan9718]

Pfft prices have already fallen. It will simply flatline

[@michael2275]

@@ericyuan9718 Flat for a decade is possible, but that will cause rolling recessions in ON and BC because RE was such a large part of the economy

[@abcdedfg8340]

@@michael2275 I think we can get out of this. The big problem is the concentration of wealth among the ultra-wealthy. We need to deliver more tax breaks for the middle class and have those among the ultra-wealthy who can afford it pay more. Once the middle class has enough money, they can support the wider economy and we can be okay. Those taxes should be used wisely though on transit, education, supporting local business so it can compete with corporations, and other infrastructure. In places like Europe after WW2 when reforms were made to help labor out by reasonably redistributing wealth, decades of economic growth followed. Helping the working class pays huge dividends, even for the wealthy who will benefit from a more productive and wealthier labour force that spend more in the economy with enough free time off from work. Now lets make it happen.

[@michael2275]

@@abcdedfg8340 Imo the most immediate concern is to get business/capital investment up. Easiest way to do that in the short term is to get out of the way of the O&G industry. O&G was a main engine of middle class prosperity from 2003-2014. People came from all over Canada to earn big pay checks with relatively little education.

[@beautanner8409]

Nope - no more "opportunities from an immigration standpoint". Find some other way.

[@Butterfly-rd4je]

Yeah jobs will go up now but these are season jobs but really lots of people are still without jobs. Wages r low who can live with that in this rent industries. 😮😮😮😮😮 So many people leaving in 1 bedroom apartment how is tgis safe.😮😮😮😮

[@ElasShotgun]

This guy sucks

[@Alanom2007]

No good news in Trudeau’s canada

[@JimmyHat-k4t]

Thanks captain obvious. Lost decade 2.0 stagflation 😊

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[@UkpeneJoseph]

Elizabeth stark

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