honestly, as someone who moved to canada about a year ago and currently working for a us company, its hard to justify not moving to the us outside of residency. it just doesnt make sense that my colleagues just a few hours away are earning way more, paying less tax and have similar cost or living if not lower.
Well yeah thats awesome yall can move. Now what do I do as a fresh grad scammed by Canadian post secondary institutions? We got no money to move and no future, wtf.
Productivity and competition are a sin in Canada sadly. You will be punished with higher taxes fees and red tape for being productive and competitive. High taxes fees and red tape prevent lower prices for all. We spend more money on the interest of our national debt payment than we spend on healthcare. There is a culture of punishment for productive members of society to reward non productive members of society. We flood the country with more people than jobs created and homes built then wonder why our standards of living are falling. I know how to solve the problem but Canadians dont have the stomach for it. So the only advice I would say is you plan to stay here be prepared for a lower standard of living and high inflation. If you plan to leave save up as much possible learn a trade and leave the country ASAP you owe it to your ancestors to continue on your genetic lineage. Take care everyone
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems. I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result. We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives. Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out. Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce. These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany. Just my opinion.
From Expo 1986 to 2024, Vancouver pretty much looks the same: almost no new hospitals, bridges, malls, markets etc. It’s a place to start a family and live uneventful days, scrimping to survive. The lack of innovation, change, and competition, not surprisingly, attracts a pathetic tourism industry, further straining the economics to even encourage change. It’s all about staying the same and comfortable
Canada's productivity will not improve without drastic changes to the status quo. Employers do not invest in their businesses and employees. Furthermore, with the low salaries (relative to the U.S.) and high taxes, there is not much incentive for employees to put in longer hours at work.
@@asadb1990 Consider... What if all overtime was paid tax free. Would you want to work a few extra hours each week? Would others want to do so? Would this not solve the productivity problem?
Well known fact. I asked city works to fill in a small sink hole on my easement. They promptly cane the next day and put 2 cones. Subsequent day, they cane and stacked the 2 cones and had a good 1/2 hr in their truck doing nothing. A few months later the cones disappeared. I promptly filled the hole myself with dead leaves where it remains .
Unfortunately the deterioration that happened to Canada in the last 9 years and is still happening at a lightning speed is self inflected. Canadians had two election to get rid of Justin Trudeau, the Liberal, Jagmeet Singh and the NDPs who proved time after time they're unqualified, out of touch, self serving politicians.. We had an amazing country before 2015 federal election when Stephen Harper who studied economics and had a Masters degree was leading the country. Unfortunately in 2015 Canadians chose a Prime Minister because of his last name and his cute hair cut. Voting is a right and a responsibility that must be taken seriously, please examine candidates achievements before electing anyone. Canada is a great example of what happens to a country when you elect the wrong Prime Minister and the wrong government in three federal elections. RIP Canada
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems. I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result. We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives. Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out. Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce. These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany. Just my opinion.
Canada has no plan to integrate qualified people in to its economy. Skilled immigrants have no easy entry in to their professional career. So they are doing unimportant jobs for the economy.Australia and European countries have more pathways to incorporate talented people in to their corresponding fields way more effectively.
Canada needs to follow middle east, usa and east asia by creating 2 classes - local citizens/pr and the rest of the folks on work visa. The first category is prioritized and the second category is overworked. All businesses need to retain certain percentage of local staff. Better rights for locals. Minimal protection for work visa workers.
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems. I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result. We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives. Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out. Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce. These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany. Just my opinion.
As an immigrant in Canada the only thing I see worth investing in here is real estate. Most of my investments are centered around the US. My family and I are flourishing in this country but the average person here is definitely struggling. It’s sad to see such a resource rich country with such great geography Center this much of its economy around real estate. It’s funny that just today an older Canadian coworker told me to just buy real estate instead of doing any investments.
Wow! I dont even know where to start... that was an incredible and intricate analysis of Canada's current productivity woes. Based on some of what was reported here, I believe productivity is hampered the most when an unskilled and/or unlearned person is hired or given entry into competitive post secondary educational institutions for the wrong reasons. Incredible channel, Tan!😊👍
Having lived I the USA, Germany, the Netherlands and Canada there is no doubt I my mind that Canada is the worst place to live overall. So disappointing. Inefficient overbearing government.
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems. I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result. We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives. Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out. Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce. These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany. Just my opinion.
Again, timely and much needed message! This is where we're at because Canada's (and USA by extension) manufacturing base was gutted over the last several decades and traded for substandard junk from the Third World. There are many reasons behind why that happened but the productivity crisis is not from a lack of talent or even from a dearth of manpower. We have those things in spades here but the prevailing raison d'etre behind it is poor work ethic and unrealistic expectations from a growing majority of those coming up. It's just not realistic that everyone can be social media influencers or financial speculators. At some point, something tangible or measurable has to be created.
Canada has a lot of red tape around building homes, utilizing resources and career development. This is all in part of the beaureaucracy and so many people employed to no produce. Reduce tax on the poor, tax the rich and invest in optimizing the systems in your country..
A large majority of Canadians have made so much money from real estate over the past 10-20 years they don't need to work productivity is the last thing in their minds
Glad you enjoyed it! Although the economy is not doing great, Canada is actually a beautiful country. Plus an individual/household level we've been making quite some progress in the past years, and have also invested so much into this move, so it's not practical to move away for us :)
@@LivinginCanada That's great to hear you're doing well and enjoying life here. Your immigrant success story is surely one which Canadians would love to see more of. And I can appreciate the logistics of living overseas for such a long time. Keep up the great work!
Forget about productivity if Canadian's values towards work remained unchanged. Using Canada Post as an example, strike strike and strike just making the cost of operation more expensive with less output meaning that Canada is declining as a developed country!
China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sec- tors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years.
Canada invests, but doesn't see results. That is exactly why this government needs to be investigated and a new one brought in. Great job St Paul's Toronto.
Another great video :) I was just compiling some official numbers about Canada's GDP right now ... And the biggest "industries" are government related and real estate!!! Which really looks like a BS economy to me... I mean, there is not much real value produced... Plus, as real estate contributes to a big part of the GDP; the gov "does not want" it to go down... Vicious circle here... But overall, looking at the macro economics; Canada is really not doing well haha
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems. I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result. We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives. Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out. Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce. These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany. Just my opinion.
How can you to compare Canada to America? Population in the states as of July 1 2023 was 334,914,895.. Canada was 40,097,761… is like comparing apples to oranges?
@@LaMach420 Maybe of our schools didn't lure international students over with the promise of so many muffins, the students with no experience or skills, wouldn't be seeking permanent residency/citizenship post graduation. Lots of new people to fill minimum wage jobs though.
It does not matter, we have our freedoms and soon we will have 6 month straight LGBTQ+Canada celebrations!!! Justin Turdo is also a hidden homosexual no offense!
To be fair, it is a bit one-sided to talk about how Canadian's are not being productive without talking about compensation. Why should Canadians try to be more productive if that doesn't result in similar increase in compensation? It is a well known fact that while US has seen a great increase of productivity, compensation increases have barely moved up. So how do people get richer when their productivity makes employers richer but they themselves don't get the benefit? And guess what, studies that have shown that in Canada, compensation growth has been even worse than US, even though US is already a horror story. cepr.org/voxeu/columns/productivity-and-pay-comparison-us-and-canada
honestly, as someone who moved to canada about a year ago and currently working for a us company, its hard to justify not moving to the us outside of residency. it just doesnt make sense that my colleagues just a few hours away are earning way more, paying less tax and have similar cost or living if not lower.
Working for a us company makes a lot of sense!
USA use better technology, also take more loans
Please leave then.
@@onlydivergencesanyone with options have left or are in the middle of leaving. stay here and rot in overpriced poverty.
Well yeah thats awesome yall can move. Now what do I do as a fresh grad scammed by Canadian post secondary institutions? We got no money to move and no future, wtf.
Get out of Canada if you can. I’m moving back to Korea as soon as I can.
Productivity and competition are a sin in Canada sadly. You will be punished with higher taxes fees and red tape for being productive and competitive. High taxes fees and red tape prevent lower prices for all. We spend more money on the interest of our national debt payment than we spend on healthcare. There is a culture of punishment for productive members of society to reward non productive members of society. We flood the country with more people than jobs created and homes built then wonder why our standards of living are falling. I know how to solve the problem but Canadians dont have the stomach for it. So the only advice I would say is you plan to stay here be prepared for a lower standard of living and high inflation. If you plan to leave save up as much possible learn a trade and leave the country ASAP you owe it to your ancestors to continue on your genetic lineage. Take care everyone
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems.
I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result.
We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives.
Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out.
Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce.
These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany.
Just my opinion.
From Expo 1986 to 2024, Vancouver pretty much looks the same: almost no new hospitals, bridges, malls, markets etc. It’s a place to start a family and live uneventful days, scrimping to survive. The lack of innovation, change, and competition, not surprisingly, attracts a pathetic tourism industry, further straining the economics to even encourage change. It’s all about staying the same and comfortable
Canada's productivity will not improve without drastic changes to the status quo. Employers do not invest in their businesses and employees. Furthermore, with the low salaries (relative to the U.S.) and high taxes, there is not much incentive for employees to put in longer hours at work.
Companies are more interested in your pronouns than your productivity.
Im sorry but im not putting more hours even if paid more. I stick to minimum hours of 40h tops.
@@asadb1990 Consider... What if all overtime was paid tax free. Would you want to work a few extra hours each week? Would others want to do so? Would this not solve the productivity problem?
Well known fact. I asked city works to fill in a small sink hole on my easement. They promptly cane the next day and put 2 cones. Subsequent day, they cane and stacked the 2 cones and had a good 1/2 hr in their truck doing nothing. A few months later the cones disappeared. I promptly filled the hole myself with dead leaves where it remains .
Unfortunately the deterioration that happened to Canada in the last 9 years and is still happening at a lightning speed is self inflected. Canadians had two election to get rid of Justin Trudeau, the Liberal, Jagmeet Singh and the NDPs who proved time after time they're unqualified, out of touch, self serving politicians.. We had an amazing country before 2015 federal election when Stephen Harper who studied economics and had a Masters degree was leading the country. Unfortunately in 2015 Canadians chose a Prime Minister because of his last name and his cute hair cut. Voting is a right and a responsibility that must be taken seriously, please examine candidates achievements before electing anyone. Canada is a great example of what happens to a country when you elect the wrong Prime Minister and the wrong government in three federal elections. RIP Canada
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems.
I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result.
We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives.
Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out.
Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce.
These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany.
Just my opinion.
Canada has no plan to integrate qualified people in to its economy. Skilled immigrants have no easy entry in to their professional career. So they are doing unimportant jobs for the economy.Australia and European countries have more pathways to incorporate talented people in to their corresponding fields way more effectively.
Canada needs to follow middle east, usa and east asia by creating 2 classes - local citizens/pr and the rest of the folks on work visa. The first category is prioritized and the second category is overworked. All businesses need to retain certain percentage of local staff. Better rights for locals. Minimal protection for work visa workers.
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems.
I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result.
We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives.
Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out.
Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce.
These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany.
Just my opinion.
As an immigrant in Canada the only thing I see worth investing in here is real estate. Most of my investments are centered around the US.
My family and I are flourishing in this country but the average person here is definitely struggling.
It’s sad to see such a resource rich country with such great geography Center this much of its economy around real estate.
It’s funny that just today an older Canadian coworker told me to just buy real estate instead of doing any investments.
Canada is a beautiful cemetery.
Wow! I dont even know where to start... that was an incredible and intricate analysis of Canada's current productivity woes. Based on some of what was reported here, I believe productivity is hampered the most when an unskilled and/or unlearned person is hired or given entry into competitive post secondary educational institutions for the wrong reasons. Incredible channel, Tan!😊👍
You mean like most of our MPs?
Having lived I the USA, Germany, the Netherlands and Canada there is no doubt I my mind that Canada is the worst place to live overall. So disappointing. Inefficient overbearing government.
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems.
I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result.
We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives.
Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out.
Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce.
These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany.
Just my opinion.
Again, timely and much needed message! This is where we're at because Canada's (and USA by extension) manufacturing base was gutted over the last several decades and traded for substandard junk from the Third World. There are many reasons behind why that happened but the productivity crisis is not from a lack of talent or even from a dearth of manpower. We have those things in spades here but the prevailing raison d'etre behind it is poor work ethic and unrealistic expectations from a growing majority of those coming up. It's just not realistic that everyone can be social media influencers or financial speculators. At some point, something tangible or measurable has to be created.
Canada has a lot of red tape around building homes, utilizing resources and career development. This is all in part of the beaureaucracy and so many people employed to no produce. Reduce tax on the poor, tax the rich and invest in optimizing the systems in your country..
A large majority of Canadians have made so much money from real estate over the past 10-20 years they don't need to work productivity is the last thing in their minds
What I don’t understand is why would this be a good time to invest if economy is forecasted to dive?
Your content is awesome! I started watching it while living overseas and have since moved back to Canada. That said, what's kept you here?
Glad you enjoyed it! Although the economy is not doing great, Canada is actually a beautiful country. Plus an individual/household level we've been making quite some progress in the past years, and have also invested so much into this move, so it's not practical to move away for us :)
@@LivinginCanada That's great to hear you're doing well and enjoying life here. Your immigrant success story is surely one which Canadians would love to see more of. And I can appreciate the logistics of living overseas for such a long time. Keep up the great work!
Forget about productivity if Canadian's values towards work remained unchanged. Using Canada Post as an example, strike strike and strike just making the cost of operation more expensive with less output meaning that Canada is declining as a developed country!
Thanks for the great video! Andy chance you‘ll make a comparison of Canada vis a vis Germany in the future?
Where did you get the line chart of gdp per hour worked in g7 from?
Unfortunately I couldn't find the original source, but I found it on a blog. Will add that into the descriptions, please check!
China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sec- tors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years.
Canada invests, but doesn't see results. That is exactly why this government needs to be investigated and a new one brought in. Great job St Paul's Toronto.
Another great video :)
I was just compiling some official numbers about Canada's GDP right now ... And the biggest "industries" are government related and real estate!!! Which really looks like a BS economy to me... I mean, there is not much real value produced... Plus, as real estate contributes to a big part of the GDP; the gov "does not want" it to go down... Vicious circle here... But overall, looking at the macro economics; Canada is really not doing well haha
Thank you! It's really too bad, because Canada does have the potential. But well, what good is potential if not actualized. :)
Canadian media is not listening to what employees need. Only the needs of the ultra-wealthy it seems.
I think we should speak up, its your lives and our futures. Its time to get the needs of employees heard so we can avoid stagnation. We dont want to be Japan which did not listen to employees for decades and stayed stagnant as a result.
We want to be Germany where they are often more productive than americans, healthier, have access to a much greater stock of affordable housing to prevent stress and productivity decline, and have enough time off as in 5 weeks or so, so they can be efficient at work, and enjoy their lives.
Underlying that is good cooperation with employers who realize the benefit in non-burned out workforce, strong organizations to prevent burnout among workers where suitable, and strong laws to protect employees from situations that lead to burn out.
Lets make this change. Lets be Germany and build world class companies with an efficient and well rested workforce.
These are easy changes to make. Enough excuses. We can easily avoid becoming Japan. Lets become Germany.
Just my opinion.
How can you to compare Canada to America? Population in the states as of July 1 2023 was 334,914,895.. Canada was 40,097,761… is like comparing apples to oranges?
Tell that to the swiss and Norwegians who rank even higher than the u.s. with much smaller populations.
Not an excuse. Tons of other countries with a lot less people are doing awesome. Canada is just 💩
I feel you
What about taxation the higher the taxes the lower the motivation to work and in canada we are taxes to death
but how else will the budget balance itself with reckless government spending and no enforcement on where lost billions are going?
We do not need that many muffins anyway. If anything people are eating way too many muffins :)
😂 true, that's also a problem. Except if I'm eating my homemade banana oatmeal muffins instead of the sugary processed ones! :)
The problem is too many foreigners eating our muffins.
@@LaMach420 Maybe of our schools didn't lure international students over with the promise of so many muffins, the students with no experience or skills, wouldn't be seeking permanent residency/citizenship post graduation. Lots of new people to fill minimum wage jobs though.
It does not matter, we have our freedoms and soon we will have 6 month straight LGBTQ+Canada celebrations!!! Justin Turdo is also a hidden homosexual no offense!
Oh forgot to say!😃... you look AMAZING today!... who cares about CANADA'S productivity!!😉😅
Simp smh
Haircuts are a service not a product, why would you say that? 🤔
Wealthsimple, to my understanding it trades Bitcoin and cryptocurrencies.😊
Correction it’s making US poorer
. 周末愉快
Had to use google translate-Enjoy your weekend too!
Pay me more, or quite quiting
Hii
Stop voting for the same people.
To be fair, it is a bit one-sided to talk about how Canadian's are not being productive without talking about compensation. Why should Canadians try to be more productive if that doesn't result in similar increase in compensation? It is a well known fact that while US has seen a great increase of productivity, compensation increases have barely moved up.
So how do people get richer when their productivity makes employers richer but they themselves don't get the benefit? And guess what, studies that have shown that in Canada, compensation growth has been even worse than US, even though US is already a horror story.
cepr.org/voxeu/columns/productivity-and-pay-comparison-us-and-canada
Huge ommission by the commentator... greedy bosses