Population growth and a steady employment level, meaning no job growth, will lead to higher unemployment rates. As a result, the increased labor supply puts downward pressure on wages. Additionally, Edmonton's high corporate real estate tax rate makes the city less attractive for businesses compared to other municipalities.
Living costs in Edmonton, especially rent, are way lower than in BC and Ontario. However, we need creative people to start more businesses n creat more jobs.
Yes for sure, that is something that stood out to me as well and If I recall correctly I touched on that in the video a bit, but didn't drill down quite as much.
Thanks for the valuable insights!
Population growth and a steady employment level, meaning no job growth, will lead to higher unemployment rates. As a result, the increased labor supply puts downward pressure on wages. Additionally, Edmonton's high corporate real estate tax rate makes the city less attractive for businesses compared to other municipalities.
Living costs in Edmonton, especially rent, are way lower than in BC and Ontario. However, we need creative people to start more businesses n creat more jobs.
Yes for sure, that is something that stood out to me as well and If I recall correctly I touched on that in the video a bit, but didn't drill down quite as much.