On surface level, why would people want to enter the labour market if they can barely afford a 1 bdrm apartment and other living expenses, and many cases cant even afford their own apartment even when working full time? They can stay at home or they can get on social assistance. There is no money to save and so there is no point to work. Worker morale is destroyed, national unity is destroyed. Canada is just a shell and is not looking like a country, but some sort of monolithic economic zone that is spiraling to its death. But maybe it can be saved, but not when corporate elite plunder the working class with impunity. All of this leads to worker depression and no point to work, even though people do want to work, there are no meaningful opportunities for the most part.
@@MontrealKid628 I don't mean exclusively stay at their parents, but some people live in a rooming house or something of the sort and they just barely get by on social assistance, but they have to sacrifice not being able to afford normal types of food and also use food banks.
See ur wrong. The root is not just unaffordable housing. Its unaffordable everything. Its half the country is now immigrants. Its the lack of culture, Canadians suck ass now. Usa is doing x100 better than us even though they have their problems. Canada also only has 40 million people and is the second biggest country in the world… we have so many resources. We have trillions of potential incone and none of it is used
What are you talking about? Chrystia Freeland said Canada's economy is doing amazing. We have a triple A credit rating! I told my son who is in his last year of software engineering to leave Canada with my full blessing. No loyalty to a country that has no loyalty to us
As an American, Hispanic people put about 20 in a one-bedroom apartment! When I lived in California, I remember talking to a guy who said "white people waste SO much space".
So let me ask a simple question who gave visa in the first place to this phony degree mills. If you are telling me the Visa office did not know Lambton was a degree mill you are crapping me.
What are you talking about, I own Multiple , properly tenanted in accordance, but honestly, I rather depend on dividends then tenants and dividends pay on time, tenants 😢2 of them just got layed off and have given 6 weeks notice
It's been like this for decades. I left 15 years ago, Canada is a complete joke. Without forestry, mining and oil Canada would be a wasteland. There's zero reason to expect you'll get a job straight out of school, that hasn't been the reality for a very long time. You have to go where the jobs are and those jobs are not in big cities.
I find this funny because I’ve been saying the same thing. People keep blaming Trudeau, and he deserves lots of blame, but if you think this problem started with him then you’re never going to solve it. This has been decades in the making.
@@TheCommonS3Nse Fifty one years of business at the bar to be exact. Before the boomers there was some garage tinkerers actually evolving humanity forward. Once it hit the sa t anic s3x death cult generation, it was over.
I live in a city that has a high percentage of immigrants. Few of them earn their income here, and many own more than one home. Just building Canadian homes to satiate their demand for them is an overly simplified solution. We really do need to curb the number of people we've let in, but also carefully select who we are letting in, based on a range of factors (i.e. intent: offshore millionaires who want to use our scarce housing supply as a convenient bank vault shouldn't be allowed to do so)
Valid points 👍 Regarding housing, I suspect modern architecture is a small-ish part of the problem, but also a bigger problem than most realize. Looking downtown in almost any Canadian town or city, we see plenty of shops with apartments above them. But some years ago strip malls and plazas started replacing the previous design; with no apartment above these bland structures. Along with these plazas and strip malls, subdivisions with postage stamp sized lawns and overpriced condos also exploded. Nobody builds apartments anymore... except in their basements, if they're fortunate enough to have a house. While we would likely still have a housing crisis, I can't help but think it wouldn't be AS bad as it is if there were apartments above all those strip malls and plazas. They could fit quite a few above any No Frills or Walmart, for example. But no, it's all just flat roof up there and a lot of empty space that could fit apartments to house people. Downtown anywhere you will see people still inhabit the apartments above the shops. The need for such infrastructure never stopped and now it's needed more than ever. Guaranteed, if suddenly all those flat-roofed businesses built apartments above them, the housing crisis would de-escalate significantly. It wouldn't solve the problem, but it would help a lot. Same with if year-round trailer parks made a comeback. Another thing that nobody builds anymore, but the need for them never went away. Ricky, Julian and Bubbles need to live *somewhere!* We do not want to watch them become the Tent City Boys! (....though if anyone knows or is any tent city people, I just gave you a golden idea that could help you profit off of and then change the circumstances 😉 I wish you well! Nobody should have to live the tent life in Canadian winters!) Un autre thing...we need to stop demanding higher minimum wage and start demanding lowered costs of living but keep wages the same. 20 years ago people making $8/hr could afford their $700-800 apartments, utilities, and could actually stretch $20 at Dollarama. Things were still tight, but they were doable and we could afford to occasionally go out with our friends. It sounds nice, doesn't it? But every time minimum wage goes up, so does everything else and none of us ever actually get ahead. Yeah, we all want more money. We'd have more if we weren't paying so much for basic needs like housing and utilities. Things that don't even help build our credit if we rent. Our largest bill every month doesn't help our credit....wtaf? Anyway, I have already gone on too much, but just some things for the few that read all this to think about. Things seriously need to improve.
I dont see how someone owning multiple houses could be a problem, they lease it anyway, at the end the gov could introduce more taxes on multihome owners - it is a regulation issue, not immigration
@@gypsywoman9140 I agree with you, but FYI the parasitic REITs are buying up all the trailer parks now too, jacking up pad rents and economically-evicting many who can't afford it. "Investors" ruin literally everything.
i'm in favour of canadians having a full employment and residency right in the US. our economy is trash and the loonie keeps falling. i'm also in favour of cheaper gas and grocery prices, along with ending oligopoly and unfair competition by Canadian companies. Imagine having more choices in airlines, phone plans, etc. Leading to cheaper prices.
I'm American and I'm an airplane mechanic making 120,000 USD a year and I was in Canada recently and I was on a job with UPS cargo and I met some avionics engineers, and we spoke about salary because they asked me how much they would earn in America and when I told them how much avionics engineers make in the US their jaws hit the floor. As an airplane mechanic I shouldn't be making more than an engineer but I was earning almost double what those guys in Canada make as a technician, and I'm saying this to make this point maybe Canadians should consider joining the US forget pride and think of the opportunity and your personal life because I think the avg Canadian will actually enjoy the increased salaries but that's ur guys choice to make I'm just saying to give it some thought.
A typical mid-level "job" in Canada pays something like $70,000 CAD (~ $50,000 USD) and treats you like a slave, because there is always a long line of hungry Indian immigrants standing behind you. Canadians would get immense economics benefits by joining the US, but I don't think it works in the opposite direction. If I was a US citizen, I'd be strictly against incorporating a much poorer country into the US.
Everywhere I look is the same story , sky high property prices results in people spending huge amounts on housing and therefore have no disposable income left, just for a second imagine that your rent/mortgage is 50% less than what you pay now
I'm a Software Developer with 10 years experience and can't even get a job at McDonalds, every job you apply to has 10,000+ applicants, and that's just the low skilled McDonalds type jobs if you apply for anything high skilled I've seen as high as 100,000+ applicants for that one job, meanwhile 10 years ago if I was to put out 5 applications I would have 10 job offers as a coder in 1 week, they didn't even care to see my Diploma or care that I went to school
You can’t get jobs because those immigrants and international students from India are taking it away. You can’t get jobs after graduating because the employers will still hire someone from overseas with low pay to do the same work. You get can’t hired quickly because you would have to compete the other Canadian born and international students to get that job.
@@OFWGKTAKarma you cant get a job because a) you cant pass the interview b) hiring is a bit frozen right now because the companies scaled disproportionally to the real economy - I don't see immigrants in this picture. Hiring over seas - why not, fair trade you know, if they can they would and if you impose tariffs the product itself would be completely built overseas by local companies
I graduated engineering 10 years ago and its the same old same old. Back then the figure that was floating around was 75% of STEM graduates will never work STEM in their lives. Hopefully that number has gone down by now.
@@cadcad-jm3pf . Agreed. I'm a CS grad too. Took me 2 months after graduation to find full time employment. The key is to get your certifications and above all else make sure that your skills match what you claim. Too many people are Bsing to get a job then they fail the interview and complain that they can't find employment. Even my boss was complaining the other day that people listing themselves under "Computer Studies" not CS were trying to find work. If you actually have skills that are unique and genuine you'll eventually find employment, it's just time. If your skills are outsourceable you will be outsourced so that means your not unique and will have to work on making yourself more distinct.
@@cadcad-jm3pf Formal education is almost pointless as the competition is like that of a prison city: All the hungry prisoners run to the first food drop-off point and exhaust that resource in a few minutes.
@@cadcad-jm3pfit depends. web dev was booming back then. Stuff like small business websites, advertising like Google/Facebook. And other BigTech companies like Amazon and Digital streaming sites. There was a lot more startup/venture sort of opportunities at the time but a pathetically low number of secure companies. Most other industries were in decline. Projections for Software developers were good.
I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
"When a state, through the law, gives precedence to the individual over the idea of family - all family-related things, both in terms of civilization as well as the production of children, inevitably decline. To try to counteract this inevitable development with temporary laws is like drawing water with a sieve or nurturing a tree while at the same time removing the earth from its roots."
Youth not being able to be employed means everyone befor retirement age is not being employed at that. Companies are not hiring new grads, old experience it doesn't matter. Canada is fucked every way to sunday that includes it's young, and any age, it's especially hurtful to know our young are literally being born to be homeless and starving, in that short of an order, this will happen faster, rather than slowing down, as we go into the future, so yeah our new people...are going to be homeless and hungry, because we are now getting there quickly! What would the future promise? Being slower? No.
great video, I was ranting about this stuff for a while on my channel. I realised people weren't ready for change yet so I stopped, but you laid it out in succinct format for people to digest. Canada needs major changes.
I’ve been following the situation in Canada from UK for about three years as I have two cousins there, one born there. Both have been anxious to get out and I can now see why. One has moved to London which has its own problems of ‘gentrification’ for some and declining quality of life for many. However she is much happier here as despite it all, London is a true world class city. One thing not covered with ‘youth’ is many of them suffered badly during the pandemic and in the U.K. mental health issues affect many as they enter the jobs market.
Perfect analysis. High housing cost eventually crashes living standards and negatively affects the real economy. Hello Canada, Australia, the Netherlands, Sweden, UK, Ireland, New Zealand, Poland.
Why would you invest in any business or other productive enterprise in Canada when the government has totally promoted housing as the best investment. If you take risk by investing in anything else you might lose your money but if you just buy more houses the government almost guarantees against potential losses (mortage forgiveness, extended amortizations etc...).
@@byMarvah It's more than that. Employers simply do not invest in their workers or companies. As well as, Canada, in general, is not investing in innovation.
Kanadistan has no hi-tech look at those former icons: Nortel, Blackberry, Newbridge, Moli Energy, Mitel, Gennum, Bombardier, CAE, Novatel, Bell + 100 others, all going or gone with only Spotify and Constellation and a few others in Waterloo n none in BC. Canada has no manufacturing except a few subsidized firms like Magna and EV battery firms (subsidized by $5B). Drive to Toronto and find one bona-fida manufacturer (none) only service firms and construction companies producing bricks n cement and a few burnt out mills in Northern ON. With 5 million newcomers (mostly non-educated) makes Canada a bankrupt country and dependent on the tar sands the most costly oil extraction on the globe. Trudoope ruined Canada and will not comeback for another decade and will be Portugal status in 2026. Come to Kandistan if U want to be a truck driver or warehouse worker at Amazon or flipper at tim hortons. BUT trudope has increased civil servants by 40%, n any sane graduate wud move ASAP. @@byMarvah
Americans in these fields don’t need even more immigration from economic migrants. Regardless of where they are from. Fix Canada. You guys voted for this shit time after time.
I’m an immigrant and wanted to start my startup in Vancouver. Dude the taxes are so high, there’s no way. Either moving to US or back to India to pursue the dream
Kanadistan has no hi-tech look at those former icons: Nortel, Blackberry, Newbridge, Moli Energy, Mitel, Gennum, Bombardier, CAE, Novatel, Bell + 100 others, all going or gone with only Spotify and Constellation and a few others in Waterloo n none in BC. Canada has no manufacturing except a few subsidized firms like Magna and EV battery firms (subsidized by $5B). Drive to Toronto and find one bona-fida manufacturer (none) only service firms and construction companies producing bricks n cement and a few burnt out mills in Northern ON. With 5 million newcomers (mostly non-educated) makes Canada a bankrupt country and dependent on the tar sands the most costly oil extraction on the globe. Trudoope ruined Canada and will not comeback for another decade and will be Portugal status in 2026. Come to Kandistan if U want to be a truck driver or warehouse worker at Amazon or flipper at tim hortons. BUT trudope has increased civil servants by 40%, n any sane graduate wud move ASAP.
Massive immigration to Canada would be a great thing for the Canadian economy if it were possible to grow indefinitely in a finite world. Except that this is not the case. Today, the entire thermo-industrial civilization is entering economic decline. It is the same in the US, UK, France, Sweden, Australia, etc. Justin Trudeau will have to be remembered as someone who said in 2019 that we would exploit hydrocarbons until 2025 and then begin a transition to renewable energies. Except that, by definition, energy is something that is absolutely not renewable. In 2025 we are just poorer, with crazy inflation, homeless camps, unemployment. This is only the beginning. We have not seen anything yet.
Space will save us! Colonize Mars! Mine helium-3 on the Moon! /s (This comment is meant to be sarcasm. It represents, in my view, the simplistic thoughts of generations of people brought up in an energy-rich civilization raised on Star Trek as a religion.)
He's dumb to put on carbon tax just look at the Canada population, how much carbon are we emitting? And we have to pay for the world's emissions and destroying out economy
Is United Arab Emirates in decline? what about Brunei? those economies are closer to ours than the countries you mentioned. Canada has massive resources and is underpopulated. Why do you think Donald is licking his lips? Stop with you pseudo intellectual justification for incompetence and poor governance. We can make other choices, our leaders chose to make us poor instead of being practical.
Correction: 13:10 international students by and large subsidize education for domestic students by paying exorbitant tuition. Since the numbers are limited now, schools are realizing this very fact. So it's technically the other way around.
Your description is rock solid backed with data . But with your horrible Bureaucracy and delays on delays who would like to invest here . I get a building permit in Houston in 3 months. In Ontario 9 years. Plus labor shortages supply chain problems. Even if you decrease immigration it will still harm your economy. Canada needs massive change, a new social contract
Alberta is basically the only functioning province at the moment and I use the term functioning rather loosely. US route for skilled workers has been the norm for atleast a decade
@@nephilimshammer9567 I have the dual Canadian/French citizenship so it was easy. Getting a work visa in France is hard. But you'll have an easier time as a tradesman. Don't get too excited. The salaries are low.
The doctor shortage is a big issue and it wont be fixed by international doctors. I know someone who helps run a family medicine program in Toronto, and they are having major issues with international residents and international docs looking to transfer their credentials. Harsh reality is that lots of these docs are are undereducated or simply not competent enough to meet north american standards. Only reason we have this doctor shortage is the extrmemly small number of if Medicine graduates each year. The USA has a much higher average acceptance rate for med school simply because thy have more schools.
My experience has been the opposite. The international ones are almost over qualified (Orthodontics doing dentistry work cuz of credentials equivalency issue) and have go jump through several unnecessary hoops. Canada has failed Canadians, internationally trained doctors and investors. I know so many docs who came here but eventually moved to the States to study and get their equivalency. More money and more seats up for grabs.
@@priuss6109 "they" meaning the family medicine program. I wasn't paying much attention to spelling or grammar because my fingers were frozen when I typed it.
@@Snowblower123 the thing is Canada is one of the most educated countries in the world. Plenty of grads but not everyone gets a job especially with this economy. If we have 100 engineering grads one year from one school doesn't mean we have 30 engineering jobs. Trade schools are great because there are jobs out there and they're often in demand. So not everyone should be wasting 4 years and 60k on tuition if there aren't jobs that pays well at the end. It's competitive out there
@@checory You might NOT want to move, but I DON'T know any unemployed engineers where I live (Seattle). My Canadian friend (she came down to work as a pharmacist) told me professionals don't make as much in Canada as the US, but NO jobs at all, that's crazy!
While I hate the situation our country is in, I'm glad the issue is pretty comprehensively understood and we have people, in a variety of spaces, actively talking about it. Hopefully we can influence our our policy leaders to make changes that put us in a better direction.
@@zzzzzz7375 you know why? It’s because those immigrants and international students from India are taking it away. You can’t get jobs after graduating because the employers will still hire someone from overseas with low pay to do the same work. You get can’t hired quickly because you would have to compete the other Canadian born and international students to get that job.
"You can move to Alberta too, but nobody wants to do that." - LIES. Alberta received the most people from interprovincial migration over the past 2 years.
Alberta is boom and bust. THey just look good right now because RE prices in Alberta were depressed for many years. But now it's the place where they're rising the fastest. Also....so much is linked to oil/energy market in Alberta ---blame their short sighted and often insane Conservative provincial government for that.
Subscribed keep the vidoes going. Can you make a video theorizing where this is all leading and approximately when there will be an up-turn or is this the downfall of society that everyone has laughed at?
I have a mechanical engineer buddy and he recently bought a $60,000 watch. Yeah i bet he is low paid and can’t make any money here. I bet you just suck at your job and are typical ( lazy and dumb)
It seems that everybody, besides politicians, agrees with the message. Even recently, when newly arrived immigrants were interviewed, they said Canada needs to cap its immigration since it doesn't have housing, infrastructure, or jobs to support such a large number of newcomers. How do European countries with much lower birth rates compared to Canada survive?
The low birth rates isn't a problem. It's a lie. There's no reason to expand indefinitely. Machines have reduced the work load for everyone on earth. We're experiencing an abundance never witnessed in human history. Less people are dying than ever before yet people are more afraid than ever. It's a Delusion that needs to be lifted ASAP. We need to work less not more.
WE need to decommidify Housing! it has gotten to the point where a shitty small one bedroom is 2k a month! Why because greed and the idiotic Idea that housing should be treated like a stock that pays dividends! Housing should be a right! It also Does not help we have a Premier in Ontario that is so corrupt and only listens to the rich!
Do you have an idea how to implement this housing is a right policy? Take away from people who own more than one home? Or build new homes with government money? I'm honestly interested
I would argue that a lot more of this has to do with housing prices than people think. 1) Like Oliver mentioned: High household debt results in weaker consumer spending 2) Lower risk apetite among entrepreneurs and businesses - This means fewer new businesses and startups and people struggle to save starting capital and to make ends meet 3) Lower business investment as most of Canada's lending capacity goes towards home ownership. Why would a bank lend you money when they can get 6% from a mortgage that is generally regarded as a safe bet? In my opinion half of our problems are caused by unchecked immigration, but the rest are caused by the housing crisis.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
They should re model the birth rate issue solutions, we need Fridays as a part of our weekends! Give us more time with our people and you'll see more babies 😂😅
As an albertan new grad from a good university, its also sucks ass here and its all on the companies and government. Too many ppl funneled into undergrads, too little investment in business from the govt, too little r&d spending from companies and too little competition created this environment
It’s kinda crazy how the entire economic system most of the world adopted has escaped criticism. Indeed, most people don’t know what the ideology of the entire establishment is. It’s Keynesianism. We argue over socialism vs. capitalism, but no one criticizes the Keynesianism that is obsessed with demand. Keynesianism has pushed consumerism and the growth of government. It discourages savings with inflation by default (ie all central banks favouring inflation). We all see demand as the driving factor of an economy and we can’t imagine another way of thinking about the economy. Yet, other schools of thought garner better predictions and outcomes.
@@ariclocke4566 The government literally just shut down 2 different strikes that would have increased demand. They haven’t done a single major government works program during their entire time in office. They clawed back the stimulus payments. They also took 8 years and a global pandemic to do any sort of increase to healthcare spending. What on earth makes you think this is a Keynesian government?! Minor spending on things to make the government look good is not Keynesianism. That’s just pandering to certain groups to win their vote. Keynesianism was about bold government spending. Think the New Deal or the Hoover Dam. These were massive projects with direct goals. Joe Biden was 10 times more Keynesian than Trudeau just with his Inflation Reduction Act. We instead chose to do a carbon tax, which was the preferred climate policy of Milton Friedman, the father of Neoliberalism. Please read up on this stuff. It’s actually important.
The “98% employment for grads” line spoke a cord with me. I was told that lie going to Niagara college for business accounting only to after a year get one part time tax prepper job that went nowhere and even though I had some experience, every bookkeeping place wanted me to know everything without any training which killed my job prospects.
Looks like you'll be packing up and moving to Alberta! lol Wishing you all the best. Youth unemployment is cyclical. Some are lucky to graduate during boom times and others during recessions. It's all about timing (which you cannot control), so what you need to do is march on and do your best with what you have. My 2 cents of the day: "It can always be worse!"
Honestly this video made me so depressed. As a new grad, I’ve been lucky to find a role but even then it’s only a 8 month contract. Post this if my company doesn’t bridge me back on I’m not sure what I’ll be doing, and it’s a similar story for my friends as well. I have a friend with internship experience at both Microsoft and Instagram who’s struggling to find employment right now. Everything just seems so bleak and it’s so exhausting. Can someone make a video or explain how this can be fixed? How can i go about learning more about the economy and how it operates so i can see these indicators? I’m just so tired of all this.
Why is there more demand for engineers in America? Entrepreneurship is the answer, not government. Waiting for government solutions brought Canada to where we are now. Holding a degree or not, Americans have a greater propensity to make jobs when they cannot find one, in Canada we are less likely to try building a business from nothing.
Yes, same in the US. To fully understand what is happening economically it is essential to understand a couple of things about thermodynamics. Our energy future is not good. It is starting to have repercussions in the present. We have not seen anything yet. th-cam.com/video/-EHCguJp9eQ/w-d-xo.html
The devil is in the details for those employment rates across cities. It doesn't take into an account what type of employment, if the person surveyed is working full time vs part time, and are they under employed?. It just lists the number of people that have some kind of employment in those cities. I'd be disappointed if the employment rates for some cities is heavily skewed by people employed in retail or fast food. On the surface It may look like that city has low unemployment but the quality employment is bad.
While Trudeau is a moron and probably does deserve jail time for his corruption, don’t for a second believe that this is all at his feet. This has been a slow burn since the days of Mulroney. We haven’t seriously invested into industrial development for over 40 years. If you owned a car company and didn’t invest in building new model lines for 40 years, your business would be in dire straights. None of our politicians are going to fix this, because none of them offer a vision of what we will produce in the future. Doug Ford is the closest thing we have to a politician with a plan, because he actually wants a massive increase in our energy production. The rest of them are just trying to look cool on camera and say things that make people feel warm inside.
Maybe there are just too many software developers? I did not hear a lot of employers worried about a lack of engineers in tech. There has been a lot of competition for a long time.
This is my first time seeing one of your videos. I just subscribed about 1/3 of the way through. I hope you are as good as I think you are. You speak to my observations perfectly almost, and lay it out in a context that I never could. I hope you don’t go to the states too.
only growth can bring us out of current mess. Let’s hope people stop whining about benefits getting cut. We need growth and efficiency not entitlement. Even with the current high level of fiscal spending, we still don’t have good enough healthcare system goes to show how inefficient we are. Hope the next decade can take us back to the right track
Hello, I’m a Canadian who has lived in 2 different provinces here in the past 5 years. I’ll just tell you this, the healthcare is so bad in places like the maritimes (Nova Scotia, New Brunswick, PEI) that hospitals will entirely close for sometimes up to two weeks at a time. This is because there aren’t enough nurses and doctors. So in an emergency you might have to be driven to Halifax 2-3 hours away… and well, by then you could be dead. If you are lucky enough to sit and wait for a doctor there’s a good chance you’ll be waiting at least 12-24 hours to see anyone. Secondly, immigration is actually killing our country. We have accepted 2.52 million immigrants in the past 3 years. It’s destroying social cohesion because a lot of these new migrants have no desire to assimilate to our society. There’s not enough houses for all these people let alone Canadian citizens so homelessness is shooting through the roof and drug addiction/alcoholism is also skyrocketing, further stressing our healthcare system to the point of collapse. Canada is literally collapsing into a third world country and as a citizen this makes me sad. My girlfriend and I have made the decision to move to Thailand for a better life in 2026. Thank you for reading
Yea, if you want to get rich, earn your money outside Canada, send it back to buy assets (stocks/real estate). That works. The Canadian stock market is resilient, long term performance of the economy will bounce back, the immigrant surge of the past few years will end up paying dividends. Canada is now a country of over 40 million. Change takes time.
Canada’s economy has no real foundation. Over the past half-century, the country has become completely dependent on the U.S. without developing any significant industries or global companies of its own. If you think of Japan, Germany, or the U.S., you can immediately name several world-class corporations. But with Canada? There’s nothing. A “good job” in Canada usually means working in the public sector, healthcare, or for a foreign multinational-all funded by high taxes. Outside of that, the private sector is weak, and there's barely any real industry. Among developed nations, Canada is the only one that relies almost entirely on resource exports. There’s no advanced manufacturing, no real heavy industry, and no major tech sector-just like Russia or Saudi Arabia, which are considered resource-dependent middle-income countries rather than true economic powerhouses. And even the resource industry isn’t competitive. The U.S. only buys Canadian energy because they don’t want Canada’s economy to collapse-not because Canadian energy is the best option. If the U.S. cuts down on Canadian energy imports, the entire country would be on the brink of economic failure overnight. Canada’s economic decline isn’t just because of Trudeau-it’s the result of decades of lazy socialist government policies. As the world faces economic downturns, Canada has no resilience left to recover. The country has been living off America’s economic success, maintaining a bloated welfare state without making any real effort to modernize its economy. Now, with global uncertainty rising, Canada’s future looks extremely fragile. Without the U.S. propping it up, the Canadian economy wouldn’t last.
@@samluke8121 It isn’t so much about national debt. Affordable housing is one of things the US offers. Fuel in the US is at least 33 percent less than in Canada. Freedom of speech would be nice to have as a Canadian. Taxes are much much less in the US. As a country Canada is defenceless. There is a lot to gain. What have we got to lose?
Damn, your unemployment rates are high! We think it's "bad" if it hits 5%. But, guys REALLY, does anyone truly believe the US will annex Canada? (Americans, honestly don't)
How about take a note from these cultures that are immigrating here. Move back in with your folks, lower the financial burden & overhead while increasing your spending power. If you allow your parents to sell their property to “downsize” you will be a part of the reason housing trends higher and higher. Their real estate agent will be focused on getting the highest price as well as fastest closing. Build laneway/coach homes for them and move into the stable equity they built at the best time for real estate in Canada.
I'm tired of the Doctor argument. The truth is the amount of seats in each Canadian medical school are directly tied to the amount of Doctors the government is willing to pay for.
Lmao, you think this is the NDP’s fault?! The country has been led by the Liberals and Conservatives for the last 40+ years. Do they not hold any responsibility for the complete and utter lack of productive investment in the country?!
Ok, Oliver, maybe you were told this by your parents, and everyone you know, that Ontario is the greatest province and that Toronto, the greatest city. The fact remains though, that both the province and the city are the greatest at nearly every NEGATIVE measurable attribute... EXCEPT for population, if you consider that a positive. Ontario and Quebec have, for a long long time, been negative value to our country, and it's mostly because of your dumb confirmation biases.
Apparently he’s never heard of Waterloo… I mean, it’s only generated a few billion dollar tech startups. Unless he means the actual silicon and not computers…
13:10 yes. we spent taxes on it for a good reason. Any one who is more educated will be less of a burden and more productive. Even if our nation doesn't prosper directly from it. If the globe does better we will also because we are on thy globe
one of the biggest problems is high taxes. why to invest in a business and create jobs, when you taxed to death, while going a bit to the south you get a better return to your investment. therefore, investors create fewer jobs, and we have fewer opportunities to begin with. and the ugly part is, this is has positive feedback, like a snowball effect on it... thank you liberals! I hope the conservative party will do something about it
The corporate tax rate has dropped steadily over the last 40 years, and our productivity has dropped along with it. The problem isn’t the taxes, it’s the lack of investment opportunities. We haven’t had a national growth strategy for decades. All we’ve done is bolster our resource extraction sectors without investing in the refinement that actually generates value. Then, after 40+ years of little to no investment, we are complaining that there are no businesses. Well no shit. It’s like trying to grow your car company by cutting your R&D department, then complaining that it’s the worker salaries that are the problem (see Stellantis for a real world example).
@TheCommonS3Nse I can agree that the lack of investment strategy and growth strategies are a big problem for Canada. But you can see through the years that the productivity growth per every invested dollar is going down due to the factor of non-linear correlation between of the two. Back in the days to gain significant productivity increas from man power, there wasn't needed much. You just bought machinery instead of the horses, for example. Nowadays, you have to invest heavily to gain a smaller increase. That is one of the reasons for the rapid AI development. We reached a point where we need AI assistance to make technological gains. Only big corporations can afford such tech. We have fewer corporations in Canada in comparison to US. What we can do is to encpurage enternuwership. This can be done only with low taxation, cheaper cost of living, free speech, good educational system and strong law inforcement for intelectual property. We still can stay in the game if we adjust all mentioned above...
It's tempting to even go and wash floors in the USA, over spending 1 more day in the failed state of the People's Republic of Canuckistan.
On surface level, why would people want to enter the labour market if they can barely afford a 1 bdrm apartment and other living expenses, and many cases cant even afford their own apartment even when working full time? They can stay at home or they can get on social assistance. There is no money to save and so there is no point to work. Worker morale is destroyed, national unity is destroyed. Canada is just a shell and is not looking like a country, but some sort of monolithic economic zone that is spiraling to its death. But maybe it can be saved, but not when corporate elite plunder the working class with impunity. All of this leads to worker depression and no point to work, even though people do want to work, there are no meaningful opportunities for the most part.
we got an ice poseidon fan channel with class consciousness before gta 6
Its not just Canada. Most western countries have exact samé problem. And root Is all same. Unafordable housing.
Not everyone is in a position to stay at home with their parents, relatives, whatever and/or collect social assistance (is it really enough?).
@@MontrealKid628 I don't mean exclusively stay at their parents, but some people live in a rooming house or something of the sort and they just barely get by on social assistance, but they have to sacrifice not being able to afford normal types of food and also use food banks.
See ur wrong. The root is not just unaffordable housing. Its unaffordable everything. Its half the country is now immigrants. Its the lack of culture, Canadians suck ass now.
Usa is doing x100 better than us even though they have their problems. Canada also only has 40 million people and is the second biggest country in the world… we have so many resources. We have trillions of potential incone and none of it is used
What are you talking about? Chrystia Freeland said Canada's economy is doing amazing. We have a triple A credit rating! I told my son who is in his last year of software engineering to leave Canada with my full blessing. No loyalty to a country that has no loyalty to us
@@bobo0202 It's very sad, this is a different country than the one that sent out the Oh! Canada board game to us when I was a kid.
Why doesn't anyone call a spade a spade. There are 10 Indians living in spaces meant for 2. So they can afford the exuberant rents.
As an American, Hispanic people put about 20 in a one-bedroom apartment!
When I lived in California, I remember talking to a guy who said "white people waste SO much space".
So let me ask a simple question who gave visa in the first place to this phony degree mills.
If you are telling me the Visa office did not know Lambton was a degree mill you are crapping me.
Trudeau needed his fake GDP and didn't care about the future consequences.
What are you talking about, I own Multiple , properly tenanted in accordance, but honestly, I rather depend on dividends then tenants and dividends pay on time, tenants 😢2 of them just got layed off and have given 6 weeks notice
It's been like this for decades. I left 15 years ago, Canada is a complete joke. Without forestry, mining and oil Canada would be a wasteland. There's zero reason to expect you'll get a job straight out of school, that hasn't been the reality for a very long time. You have to go where the jobs are and those jobs are not in big cities.
I find this funny because I’ve been saying the same thing. People keep blaming Trudeau, and he deserves lots of blame, but if you think this problem started with him then you’re never going to solve it. This has been decades in the making.
Yes
@@TheCommonS3Nse Fifty one years of business at the bar to be exact. Before the boomers there was some garage tinkerers actually evolving humanity forward. Once it hit the sa t anic s3x death cult generation, it was over.
Where did you leave for, if I may ask?
@flamesintheattic well you just proof you ignorant as "/$% lol
I live in a city that has a high percentage of immigrants. Few of them earn their income here, and many own more than one home. Just building Canadian homes to satiate their demand for them is an overly simplified solution. We really do need to curb the number of people we've let in, but also carefully select who we are letting in, based on a range of factors (i.e. intent: offshore millionaires who want to use our scarce housing supply as a convenient bank vault shouldn't be allowed to do so)
Valid points 👍
Regarding housing, I suspect modern architecture is a small-ish part of the problem, but also a bigger problem than most realize.
Looking downtown in almost any Canadian town or city, we see plenty of shops with apartments above them. But some years ago strip malls and plazas started replacing the previous design; with no apartment above these bland structures. Along with these plazas and strip malls, subdivisions with postage stamp sized lawns and overpriced condos also exploded. Nobody builds apartments anymore... except in their basements, if they're fortunate enough to have a house.
While we would likely still have a housing crisis, I can't help but think it wouldn't be AS bad as it is if there were apartments above all those strip malls and plazas. They could fit quite a few above any No Frills or Walmart, for example. But no, it's all just flat roof up there and a lot of empty space that could fit apartments to house people.
Downtown anywhere you will see people still inhabit the apartments above the shops. The need for such infrastructure never stopped and now it's needed more than ever. Guaranteed, if suddenly all those flat-roofed businesses built apartments above them, the housing crisis would de-escalate significantly. It wouldn't solve the problem, but it would help a lot.
Same with if year-round trailer parks made a comeback. Another thing that nobody builds anymore, but the need for them never went away. Ricky, Julian and Bubbles need to live *somewhere!* We do not want to watch them become the Tent City Boys! (....though if anyone knows or is any tent city people, I just gave you a golden idea that could help you profit off of and then change the circumstances 😉 I wish you well! Nobody should have to live the tent life in Canadian winters!)
Un autre thing...we need to stop demanding higher minimum wage and start demanding lowered costs of living but keep wages the same. 20 years ago people making $8/hr could afford their $700-800 apartments, utilities, and could actually stretch $20 at Dollarama. Things were still tight, but they were doable and we could afford to occasionally go out with our friends. It sounds nice, doesn't it? But every time minimum wage goes up, so does everything else and none of us ever actually get ahead. Yeah, we all want more money. We'd have more if we weren't paying so much for basic needs like housing and utilities. Things that don't even help build our credit if we rent. Our largest bill every month doesn't help our credit....wtaf? Anyway, I have already gone on too much, but just some things for the few that read all this to think about.
Things seriously need to improve.
I dont see how someone owning multiple houses could be a problem, they lease it anyway, at the end the gov could introduce more taxes on multihome owners - it is a regulation issue, not immigration
@@gypsywoman9140 I agree with you, but FYI the parasitic REITs are buying up all the trailer parks now too, jacking up pad rents and economically-evicting many who can't afford it. "Investors" ruin literally everything.
So if we all need to move to America to find work, maybe Trump is right and Canada would be better off as the 51st state.
Yes our economy will have no choice as soon as canadians realize this things will be better overnight USA 51ST STATE absolutely
@rickybobby5736 100% I'm all in favour of Pierre becoming the 51st governor
i'm in favour of canadians having a full employment and residency right in the US. our economy is trash and the loonie keeps falling. i'm also in favour of cheaper gas and grocery prices, along with ending oligopoly and unfair competition by Canadian companies. Imagine having more choices in airlines, phone plans, etc. Leading to cheaper prices.
I'm moving to texas asap once we become usa xd
@kubasniak that's the plan we canadians could work anywhere in the USA and the 51st state freedom
I'm American and I'm an airplane mechanic making 120,000 USD a year and I was in Canada recently and I was on a job with UPS cargo and I met some avionics engineers, and we spoke about salary because they asked me how much they would earn in America and when I told them how much avionics engineers make in the US their jaws hit the floor. As an airplane mechanic I shouldn't be making more than an engineer but I was earning almost double what those guys in Canada make as a technician, and I'm saying this to make this point maybe Canadians should consider joining the US forget pride and think of the opportunity and your personal life because I think the avg Canadian will actually enjoy the increased salaries but that's ur guys choice to make I'm just saying to give it some thought.
Speaking of pride... Canadians are afraid their little feelings will be hurt.
A typical mid-level "job" in Canada pays something like $70,000 CAD (~ $50,000 USD) and treats you like a slave, because there is always a long line of hungry Indian immigrants standing behind you. Canadians would get immense economics benefits by joining the US, but I don't think it works in the opposite direction. If I was a US citizen, I'd be strictly against incorporating a much poorer country into the US.
Honestly, I don't care anymore. Let Canada become US. I mean we watch the same shows, speak the same language, eat the same food. Not much different.
Joining the United States is not a realistic option. The South will never allow it.
@@dallassegnoCanadians are an emotional bunch which isn’t a good thing
35 year old here, my contract role has ended. I have not been able to find work for months now
I have no idea how the unemploment rate is above 8 in Northern Ontario. Christ, we hire people just for showing up.
@@patchartrand1 I heard Toronto currently has 400,000 unemployed people, need to double check that
Everywhere I look is the same story , sky high property prices results in people spending huge amounts on housing and therefore have no disposable income left, just for a second imagine that your rent/mortgage is 50% less than what you pay now
Youth employment is generally entry level jobs, who is filling those entry level jobs?
Ill let you guess
@@Yltimate_ INDIANA YEAH 👍
“Students”
Finally an intelligent person!!! thanks
I'm a Software Developer with 10 years experience and can't even get a job at McDonalds, every job you apply to has 10,000+ applicants, and that's just the low skilled McDonalds type jobs if you apply for anything high skilled I've seen as high as 100,000+ applicants for that one job, meanwhile 10 years ago if I was to put out 5 applications I would have 10 job offers as a coder in 1 week, they didn't even care to see my Diploma or care that I went to school
Is your work experience in Canada or somewhere else?
maybe you should try applying at a software development company instead of mac
You can’t get jobs because those immigrants and international students from India are taking it away. You can’t get jobs after graduating because the employers will still hire someone from overseas with low pay to do the same work. You get can’t hired quickly because you would have to compete the other Canadian born and international students to get that job.
@@OFWGKTAKarma woke agenda right?
@@OFWGKTAKarma you cant get a job because a) you cant pass the interview b) hiring is a bit frozen right now because the companies scaled disproportionally to the real economy - I don't see immigrants in this picture. Hiring over seas - why not, fair trade you know, if they can they would and if you impose tariffs the product itself would be completely built overseas by local companies
I graduated engineering 10 years ago and its the same old same old. Back then the figure that was floating around was 75% of STEM graduates will never work STEM in their lives. Hopefully that number has gone down by now.
I graduated in CS in 2016 and it took me 8 months to find a job. Even back then the requirements & competition were absurd.
@@cadcad-jm3pf . Agreed. I'm a CS grad too. Took me 2 months after graduation to find full time employment. The key is to get your certifications and above all else make sure that your skills match what you claim. Too many people are Bsing to get a job then they fail the interview and complain that they can't find employment. Even my boss was complaining the other day that people listing themselves under "Computer Studies" not CS were trying to find work. If you actually have skills that are unique and genuine you'll eventually find employment, it's just time. If your skills are outsourceable you will be outsourced so that means your not unique and will have to work on making yourself more distinct.
@@cadcad-jm3pf Formal education is almost pointless as the competition is like that of a prison city: All the hungry prisoners run to the first food drop-off point and exhaust that resource in a few minutes.
@@cadcad-jm3pfit depends. web dev was booming back then. Stuff like small business websites, advertising like Google/Facebook. And other BigTech companies like Amazon and Digital streaming sites. There was a lot more startup/venture sort of opportunities at the time but a pathetically low number of secure companies.
Most other industries were in decline.
Projections for Software developers were good.
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"When a state, through the law, gives precedence to the individual over the idea of family - all family-related things, both in terms of civilization as well as the production of children, inevitably decline. To try to counteract this inevitable development with temporary laws is like drawing water with a sieve or nurturing a tree while at the same time removing the earth from its roots."
Youth not being able to be employed means everyone befor retirement age is not being employed at that. Companies are not hiring new grads, old experience it doesn't matter. Canada is fucked every way to sunday that includes it's young, and any age, it's especially hurtful to know our young are literally being born to be homeless and starving, in that short of an order, this will happen faster, rather than slowing down, as we go into the future, so yeah our new people...are going to be homeless and hungry, because we are now getting there quickly! What would the future promise? Being slower? No.
great video, I was ranting about this stuff for a while on my channel. I realised people weren't ready for change yet so I stopped, but you laid it out in succinct format for people to digest. Canada needs major changes.
I’ve been following the situation in Canada from UK for about three years as I have two cousins there, one born there. Both have been anxious to get out and I can now see why. One has moved to London which has its own problems of ‘gentrification’ for some and declining quality of life for many. However she is much happier here as despite it all, London is a true world class city. One thing not covered with ‘youth’ is many of them suffered badly during the pandemic and in the U.K. mental health issues affect many as they enter the jobs market.
Perfect analysis. High housing cost eventually crashes living standards and negatively affects the real economy. Hello Canada, Australia, the Netherlands, Sweden, UK, Ireland, New Zealand, Poland.
Why would you invest in any business or other productive enterprise in Canada when the government has totally promoted housing as the best investment. If you take risk by investing in anything else you might lose your money but if you just buy more houses the government almost guarantees against potential losses (mortage forgiveness, extended amortizations etc...).
Absolutely right. If you are in a STEM field, move to the US to make a good living. The jobs in Canada are of poor quality.
Maybe trump will annex Canada and don't need to move 😆
"ours jobs got stolen by foreigners, I will go do the same"
@@byMarvah It's more than that. Employers simply do not invest in their workers or companies. As well as, Canada, in general, is not investing in innovation.
Kanadistan has no hi-tech look at those former icons: Nortel, Blackberry, Newbridge, Moli Energy, Mitel, Gennum, Bombardier, CAE, Novatel, Bell + 100 others, all going or gone with only Spotify and Constellation and a few others in Waterloo n none in BC. Canada has no manufacturing except a few subsidized firms like Magna and EV battery firms (subsidized by $5B). Drive to Toronto and find one bona-fida manufacturer (none) only service firms and construction companies producing bricks n cement and a few burnt out mills in Northern ON. With 5 million newcomers (mostly non-educated) makes Canada a bankrupt country and dependent on the tar sands the most costly oil extraction on the globe. Trudoope ruined Canada and will not comeback for another decade and will be Portugal status in 2026. Come to Kandistan if U want to be a truck driver or warehouse worker at Amazon or flipper at tim hortons. BUT trudope has increased civil servants by 40%, n any sane graduate wud move ASAP.
@@byMarvah
Americans in these fields don’t need even more immigration from economic migrants. Regardless of where they are from. Fix Canada. You guys voted for this shit time after time.
I’m an immigrant and wanted to start my startup in Vancouver. Dude the taxes are so high, there’s no way. Either moving to US or back to India to pursue the dream
Go back to India bro. Invest your talents over there.
Kanadistan has no hi-tech look at those former icons: Nortel, Blackberry, Newbridge, Moli Energy, Mitel, Gennum, Bombardier, CAE, Novatel, Bell + 100 others, all going or gone with only Spotify and Constellation and a few others in Waterloo n none in BC. Canada has no manufacturing except a few subsidized firms like Magna and EV battery firms (subsidized by $5B). Drive to Toronto and find one bona-fida manufacturer (none) only service firms and construction companies producing bricks n cement and a few burnt out mills in Northern ON. With 5 million newcomers (mostly non-educated) makes Canada a bankrupt country and dependent on the tar sands the most costly oil extraction on the globe. Trudoope ruined Canada and will not comeback for another decade and will be Portugal status in 2026. Come to Kandistan if U want to be a truck driver or warehouse worker at Amazon or flipper at tim hortons. BUT trudope has increased civil servants by 40%, n any sane graduate wud move ASAP.
Massive immigration to Canada would be a great thing for the Canadian economy if it were possible to grow indefinitely in a finite world. Except that this is not the case. Today, the entire thermo-industrial civilization is entering economic decline. It is the same in the US, UK, France, Sweden, Australia, etc. Justin Trudeau will have to be remembered as someone who said in 2019 that we would exploit hydrocarbons until 2025 and then begin a transition to renewable energies. Except that, by definition, energy is something that is absolutely not renewable. In 2025 we are just poorer, with crazy inflation, homeless camps, unemployment. This is only the beginning. We have not seen anything yet.
Space will save us! Colonize Mars! Mine helium-3 on the Moon!
/s
(This comment is meant to be sarcasm. It represents, in my view, the simplistic thoughts of generations of people brought up in an energy-rich civilization raised on Star Trek as a religion.)
He's dumb to put on carbon tax just look at the Canada population, how much carbon are we emitting? And we have to pay for the world's emissions and destroying out economy
Bingo
Lol "finite world" ha ha ha good one.
Is United Arab Emirates in decline? what about Brunei? those economies are closer to ours than the countries you mentioned. Canada has massive resources and is underpopulated. Why do you think Donald is licking his lips? Stop with you pseudo intellectual justification for incompetence and poor governance. We can make other choices, our leaders chose to make us poor instead of being practical.
Correction: 13:10 international students by and large subsidize education for domestic students by paying exorbitant tuition. Since the numbers are limited now, schools are realizing this very fact. So it's technically the other way around.
Your description is rock solid backed with data . But with your horrible Bureaucracy and delays on delays who would like to invest here . I get a building permit in Houston in 3 months. In Ontario 9 years. Plus labor shortages supply chain problems. Even if you decrease immigration it will still harm your economy. Canada needs massive change, a new social contract
Alberta is basically the only functioning province at the moment and I use the term functioning rather loosely.
US route for skilled workers has been the norm for atleast a decade
I left Alberta in 2019 and had an easier time finding work in France as a land surveyor. It's easy to find work in France
How did you do it
the fact we canadians consider france easy to get employed in... dear god
@@nephilimshammer9567 I have the dual Canadian/French citizenship so it was easy. Getting a work visa in France is hard. But you'll have an easier time as a tradesman. Don't get too excited. The salaries are low.
Ontario is home to many new “students”, low skilled workers.
The doctor shortage is a big issue and it wont be fixed by international doctors. I know someone who helps run a family medicine program in Toronto, and they are having major issues with international residents and international docs looking to transfer their credentials. Harsh reality is that lots of these docs are are undereducated or simply not competent enough to meet north american standards. Only reason we have this doctor shortage is the extrmemly small number of if Medicine graduates each year. The USA has a much higher average acceptance rate for med school simply because thy have more schools.
My experience has been the opposite. The international ones are almost over qualified (Orthodontics doing dentistry work cuz of credentials equivalency issue) and have go jump through several unnecessary hoops. Canada has failed Canadians, internationally trained doctors and investors. I know so many docs who came here but eventually moved to the States to study and get their equivalency. More money and more seats up for grabs.
Medical industry is a pyramid scheme and Indian scammers want in.
The hoops in Canada are necessary when importing scammers.
They? You don't know if that person is a man or woman?
@@priuss6109 "they" meaning the family medicine program. I wasn't paying much attention to spelling or grammar because my fingers were frozen when I typed it.
So what you’re saying is, a university degree is useless? Thankfully I went with the trade route. 0 unemployment.
Computer Science degrees are "prized", bachelor of arts degrees, NOT so much!
( I live in the US, though)
@@Snowblower123 the thing is Canada is one of the most educated countries in the world. Plenty of grads but not everyone gets a job especially with this economy. If we have 100 engineering grads one year from one school doesn't mean we have 30 engineering jobs. Trade schools are great because there are jobs out there and they're often in demand. So not everyone should be wasting 4 years and 60k on tuition if there aren't jobs that pays well at the end. It's competitive out there
@@checory You might NOT want to move, but I DON'T know any unemployed engineers where I live (Seattle). My Canadian friend (she came down to work as a pharmacist) told me professionals don't make as much in Canada as the US, but NO jobs at all, that's crazy!
@checory I'm a retired pharmacist, the Canadians I worked with from U.B.C. were well trained.......so people want them!
While I hate the situation our country is in, I'm glad the issue is pretty comprehensively understood and we have people, in a variety of spaces, actively talking about it. Hopefully we can influence our our policy leaders to make changes that put us in a better direction.
I had been sending out 300+ resumes and not even 1 single interview. The job market is f*cked.
@@zzzzzz7375 you know why? It’s because those immigrants and international students from India are taking it away. You can’t get jobs after graduating because the employers will still hire someone from overseas with low pay to do the same work. You get can’t hired quickly because you would have to compete the other Canadian born and international students to get that job.
@@OFWGKTAKarma Exactly!
"You can move to Alberta too, but nobody wants to do that." - LIES. Alberta received the most people from interprovincial migration over the past 2 years.
Alberta is mostly temp work and even then Trudeau ain't fracking.
Alberta is boom and bust. THey just look good right now because RE prices in Alberta were depressed for many years. But now it's the place where they're rising the fastest. Also....so much is linked to oil/energy market in Alberta ---blame their short sighted and often insane Conservative provincial government for that.
Subscribed keep the vidoes going. Can you make a video theorizing where this is all leading and approximately when there will be an up-turn or is this the downfall of society that everyone has laughed at?
In alberta engineering is brutal, unless it is civil. I know alot of mechanical engineers who work as laborers.
I have a mechanical engineer buddy and he recently bought a $60,000 watch. Yeah i bet he is low paid and can’t make any money here. I bet you just suck at your job and are typical ( lazy and dumb)
It seems that everybody, besides politicians, agrees with the message. Even recently, when newly arrived immigrants were interviewed, they said Canada needs to cap its immigration since it doesn't have housing, infrastructure, or jobs to support such a large number of newcomers. How do European countries with much lower birth rates compared to Canada survive?
The low birth rates isn't a problem. It's a lie. There's no reason to expand indefinitely. Machines have reduced the work load for everyone on earth. We're experiencing an abundance never witnessed in human history. Less people are dying than ever before yet people are more afraid than ever. It's a Delusion that needs to be lifted ASAP. We need to work less not more.
They aren't, now they're being colonized by muslims and africans which has escalated their down fall even faster
WE need to decommidify Housing! it has gotten to the point where a shitty small one bedroom is 2k a month! Why because greed and the idiotic Idea that housing should be treated like a stock that pays dividends! Housing should be a right! It also Does not help we have a Premier in Ontario that is so corrupt and only listens to the rich!
How about no.
Without housing the GDP will be drop RockBottom , they will never do that .
Do you have an idea how to implement this housing is a right policy? Take away from people who own more than one home? Or build new homes with government money?
I'm honestly interested
I would argue that a lot more of this has to do with housing prices than people think.
1) Like Oliver mentioned: High household debt results in weaker consumer spending
2) Lower risk apetite among entrepreneurs and businesses - This means fewer new businesses and startups and people struggle to save starting capital and to make ends meet
3) Lower business investment as most of Canada's lending capacity goes towards home ownership. Why would a bank lend you money when they can get 6% from a mortgage that is generally regarded as a safe bet?
In my opinion half of our problems are caused by unchecked immigration, but the rest are caused by the housing crisis.
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So not only is the dollar going down, so is the iq. FANTASTIC.
They should re model the birth rate issue solutions, we need Fridays as a part of our weekends! Give us more time with our people and you'll see more babies 😂😅
Following the American system will only effect the same outcomes the US has…
This dude still doesn't get it. He's still onboard and supportive of endless "students" coming for work, then wonders why there's no jobs or housing.
As an albertan new grad from a good university, its also sucks ass here and its all on the companies and government. Too many ppl funneled into undergrads, too little investment in business from the govt, too little r&d spending from companies and too little competition created this environment
It’s kinda crazy how the entire economic system most of the world adopted has escaped criticism. Indeed, most people don’t know what the ideology of the entire establishment is. It’s Keynesianism. We argue over socialism vs. capitalism, but no one criticizes the Keynesianism that is obsessed with demand. Keynesianism has pushed consumerism and the growth of government. It discourages savings with inflation by default (ie all central banks favouring inflation). We all see demand as the driving factor of an economy and we can’t imagine another way of thinking about the economy. Yet, other schools of thought garner better predictions and outcomes.
Dude, the Keynesian era ended in the 1970’s. This has been the Neoliberal era for over 40 years. Wtf are you talking about?! 😂
@ the entire establishment is currently obsessed with stimulating demand. That’s Keynesianism. Do you deny this?
@ I don’t think you have the slightest clue what Keynesianism or neoliberalism is.
@@ariclocke4566
The government literally just shut down 2 different strikes that would have increased demand. They haven’t done a single major government works program during their entire time in office. They clawed back the stimulus payments. They also took 8 years and a global pandemic to do any sort of increase to healthcare spending.
What on earth makes you think this is a Keynesian government?! Minor spending on things to make the government look good is not Keynesianism. That’s just pandering to certain groups to win their vote. Keynesianism was about bold government spending. Think the New Deal or the Hoover Dam. These were massive projects with direct goals.
Joe Biden was 10 times more Keynesian than Trudeau just with his Inflation Reduction Act. We instead chose to do a carbon tax, which was the preferred climate policy of Milton Friedman, the father of Neoliberalism.
Please read up on this stuff. It’s actually important.
The “98% employment for grads” line spoke a cord with me. I was told that lie going to Niagara college for business accounting only to after a year get one part time tax prepper job that went nowhere and even though I had some experience, every bookkeeping place wanted me to know everything without any training which killed my job prospects.
Americans now talk like German Simps in 1939 when they invaded Poland. 100% the same.
Looks like you'll be packing up and moving to Alberta! lol Wishing you all the best. Youth unemployment is cyclical. Some are lucky to graduate during boom times and others during recessions. It's all about timing (which you cannot control), so what you need to do is march on and do your best with what you have. My 2 cents of the day: "It can always be worse!"
Honestly this video made me so depressed. As a new grad, I’ve been lucky to find a role but even then it’s only a 8 month contract. Post this if my company doesn’t bridge me back on I’m not sure what I’ll be doing, and it’s a similar story for my friends as well. I have a friend with internship experience at both Microsoft and Instagram who’s struggling to find employment right now. Everything just seems so bleak and it’s so exhausting. Can someone make a video or explain how this can be fixed? How can i go about learning more about the economy and how it operates so i can see these indicators? I’m just so tired of all this.
Why is there more demand for engineers in America? Entrepreneurship is the answer, not government. Waiting for government solutions brought Canada to where we are now. Holding a degree or not, Americans have a greater propensity to make jobs when they cannot find one, in Canada we are less likely to try building a business from nothing.
Canadians, especially the youth, voted for this. Enjoy!
I am sorry for you guys up there. We are facing same issues in the United States. May the higher powers help CA 🍁
Yes, same in the US. To fully understand what is happening economically it is essential to understand a couple of things about thermodynamics. Our energy future is not good. It is starting to have repercussions in the present. We have not seen anything yet. th-cam.com/video/-EHCguJp9eQ/w-d-xo.html
@@Alvolta25 Interesting will look into this immediately.
The situation is the U.S. is much better.its 3 or 4 times as bad here in Canada.
The HIGHER POWER will assume office in a week. Hail the God-Emperor!
Their gonna default on their currency and have to join the us if they don't fix their economic conditions.
The devil is in the details for those employment rates across cities. It doesn't take into an account what type of employment, if the person surveyed is working full time vs part time, and are they under employed?. It just lists the number of people that have some kind of employment in those cities. I'd be disappointed if the employment rates for some cities is heavily skewed by people employed in retail or fast food. On the surface It may look like that city has low unemployment but the quality employment is bad.
Trudeau should be in jail.
While Trudeau is a moron and probably does deserve jail time for his corruption, don’t for a second believe that this is all at his feet. This has been a slow burn since the days of Mulroney. We haven’t seriously invested into industrial development for over 40 years.
If you owned a car company and didn’t invest in building new model lines for 40 years, your business would be in dire straights.
None of our politicians are going to fix this, because none of them offer a vision of what we will produce in the future. Doug Ford is the closest thing we have to a politician with a plan, because he actually wants a massive increase in our energy production. The rest of them are just trying to look cool on camera and say things that make people feel warm inside.
Maybe there are just too many software developers? I did not hear a lot of employers worried about a lack of engineers in tech. There has been a lot of competition for a long time.
This is my first time seeing one of your videos. I just subscribed about 1/3 of the way through. I hope you are as good as I think you are. You speak to my observations perfectly almost, and lay it out in a context that I never could. I hope you don’t go to the states too.
Thanks Oliver. Well researched, if depressing. Hope that perhaps a change in federal government will move things in a better direction.
Why does Toronto vote for this?
only growth can bring us out of current mess. Let’s hope people stop whining about benefits getting cut. We need growth and efficiency not entitlement. Even with the current high level of fiscal spending, we still don’t have good enough healthcare system goes to show how inefficient we are. Hope the next decade can take us back to the right track
Hello, I’m a Canadian who has lived in 2 different provinces here in the past 5 years. I’ll just tell you this, the healthcare is so bad in places like the maritimes (Nova Scotia, New Brunswick, PEI) that hospitals will entirely close for sometimes up to two weeks at a time. This is because there aren’t enough nurses and doctors. So in an emergency you might have to be driven to Halifax 2-3 hours away… and well, by then you could be dead. If you are lucky enough to sit and wait for a doctor there’s a good chance you’ll be waiting at least 12-24 hours to see anyone. Secondly, immigration is actually killing our country. We have accepted 2.52 million immigrants in the past 3 years. It’s destroying social cohesion because a lot of these new migrants have no desire to assimilate to our society. There’s not enough houses for all these people let alone Canadian citizens so homelessness is shooting through the roof and drug addiction/alcoholism is also skyrocketing, further stressing our healthcare system to the point of collapse. Canada is literally collapsing into a third world country and as a citizen this makes me sad. My girlfriend and I have made the decision to move to Thailand for a better life in 2026. Thank you for reading
the country is falling apart
This is what happens when people vote in a substitute drama teacher in lieu of an economist.
Yea, if you want to get rich, earn your money outside Canada, send it back to buy assets (stocks/real estate). That works. The Canadian stock market is resilient, long term performance of the economy will bounce back, the immigrant surge of the past few years will end up paying dividends. Canada is now a country of over 40 million. Change takes time.
Canada’s economy has no real foundation. Over the past half-century, the country has become completely dependent on the U.S. without developing any significant industries or global companies of its own. If you think of Japan, Germany, or the U.S., you can immediately name several world-class corporations. But with Canada? There’s nothing. A “good job” in Canada usually means working in the public sector, healthcare, or for a foreign multinational-all funded by high taxes. Outside of that, the private sector is weak, and there's barely any real industry. Among developed nations, Canada is the only one that relies almost entirely on resource exports. There’s no advanced manufacturing, no real heavy industry, and no major tech sector-just like Russia or Saudi Arabia, which are considered resource-dependent middle-income countries rather than true economic powerhouses.
And even the resource industry isn’t competitive. The U.S. only buys Canadian energy because they don’t want Canada’s economy to collapse-not because Canadian energy is the best option. If the U.S. cuts down on Canadian energy imports, the entire country would be on the brink of economic failure overnight.
Canada’s economic decline isn’t just because of Trudeau-it’s the result of decades of lazy socialist government policies. As the world faces economic downturns, Canada has no resilience left to recover. The country has been living off America’s economic success, maintaining a bloated welfare state without making any real effort to modernize its economy. Now, with global uncertainty rising, Canada’s future looks extremely fragile. Without the U.S. propping it up, the Canadian economy wouldn’t last.
I think Canada should seriously consider joining the United States. Canada does not function well.
😂 trade in one national debt for another. The only difference between the US and Canada is degree.
@@samluke8121 It isn’t so much about national debt. Affordable housing is one of things the US offers. Fuel in the US is at least 33 percent less than in Canada. Freedom of speech would be nice to have as a Canadian. Taxes are much much less in the US. As a country Canada is defenceless. There is a lot to gain. What have we got to lose?
Yes it should, Canada is finished
The only reason united states is doing well is they print money.
2022 grad here. There are jobs in Quebec but for anglo speakers like us, the US is pretty much the only real option.
Add 5% to your unemployment numbers!
So many kids want to get paid but need their mom to do the work for them as usual
This is fascinating!
This perfectly summed up the situation. ✅
Damn, your unemployment rates are high!
We think it's "bad" if it hits 5%.
But, guys REALLY, does anyone truly believe the US will annex Canada?
(Americans, honestly don't)
thanks you for your video. god bless you 🙏
Here is my answer....get fair market value for all the resources we sell and give citizens universal payments of 2k per month
Oh, Canada... *shakes head*
With or without immigration Canada would be in the same hole.
This is all your fault, Akshay.
Why would your classmates wait to get Canadian citizenship then leave for the US.? Why don't they just apply for a US job and get
H1b1?
Some people are good workers,,,employers see this
How about take a note from these cultures that are immigrating here. Move back in with your folks, lower the financial burden & overhead while increasing your spending power. If you allow your parents to sell their property to “downsize” you will be a part of the reason housing trends higher and higher. Their real estate agent will be focused on getting the highest price as well as fastest closing. Build laneway/coach homes for them and move into the stable equity they built at the best time for real estate in Canada.
I'm tired of the Doctor argument. The truth is the amount of seats in each Canadian medical school are directly tied to the amount of Doctors the government is willing to pay for.
I believe he is talking about doctors from other countries .
Great video man
Cloward Piven stategy. Look it up.
It's what happens when NDP runs the country with 18% support..imagine if ndp had full controll
Lmao, you think this is the NDP’s fault?!
The country has been led by the Liberals and Conservatives for the last 40+ years. Do they not hold any responsibility for the complete and utter lack of productive investment in the country?!
Enough already about the problems...would someone please state the true answers and get on with the resolutions...stop the squeak and pick up the walk
Man, I bet more Elite Human Capital could fix this!
He's back!
Ok, Oliver, maybe you were told this by your parents, and everyone you know, that Ontario is the greatest province and that Toronto, the greatest city. The fact remains though, that both the province and the city are the greatest at nearly every NEGATIVE measurable attribute... EXCEPT for population, if you consider that a positive. Ontario and Quebec have, for a long long time, been negative value to our country, and it's mostly because of your dumb confirmation biases.
Yep, pissed me off.
Great video
What a dolt. Alberta the silicon centre of Canada❓❓❓
Apparently he’s never heard of Waterloo… I mean, it’s only generated a few billion dollar tech startups. Unless he means the actual silicon and not computers…
Le canada est le laboratoire du forum économique mondial
I love that Alberta pic lmao
The indian students don't seem to have trouble finding employment.
13:10 yes. we spent taxes on it for a good reason. Any one who is more educated will be less of a burden and more productive. Even if our nation doesn't prosper directly from it. If the globe does better we will also because we are on thy globe
WRONG. I was more than willing to work and for a twenty year period had to deal with foolish boomers bad attitude and my iq is plenty high.
The hiring issue is not about not hiring university student it’s about not hiring the TikTok generation
one of the biggest problems is high taxes. why to invest in a business and create jobs, when you taxed to death, while going a bit to the south you get a better return to your investment. therefore, investors create fewer jobs, and we have fewer opportunities to begin with. and the ugly part is, this is has positive feedback, like a snowball effect on it... thank you liberals! I hope the conservative party will do something about it
The corporate tax rate has dropped steadily over the last 40 years, and our productivity has dropped along with it.
The problem isn’t the taxes, it’s the lack of investment opportunities. We haven’t had a national growth strategy for decades. All we’ve done is bolster our resource extraction sectors without investing in the refinement that actually generates value. Then, after 40+ years of little to no investment, we are complaining that there are no businesses. Well no shit. It’s like trying to grow your car company by cutting your R&D department, then complaining that it’s the worker salaries that are the problem (see Stellantis for a real world example).
@TheCommonS3Nse I can agree that the lack of investment strategy and growth strategies are a big problem for Canada. But you can see through the years that the productivity growth per every invested dollar is going down due to the factor of non-linear correlation between of the two. Back in the days to gain significant productivity increas from man power, there wasn't needed much. You just bought machinery instead of the horses, for example. Nowadays, you have to invest heavily to gain a smaller increase. That is one of the reasons for the rapid AI development. We reached a point where we need AI assistance to make technological gains. Only big corporations can afford such tech. We have fewer corporations in Canada in comparison to US. What we can do is to encpurage enternuwership. This can be done only with low taxation, cheaper cost of living, free speech, good educational system and strong law inforcement for intelectual property. We still can stay in the game if we adjust all mentioned above...
Go Woke, Go Broke
A lot of people in Toronto are self employed. They have their own businesses.