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Another anecdotal example of the funny way Canadians view our economyquote:A new Ipsos Reid poll says that nearly half of 1,252 Torontonians surveyed are living paycheque to paycheque, and almost six out of every 10 respondents say they are unsure if they would be able to find another job quickly if they were to become unemployed. While most of the survey participants plan on remaining in Toronto, 90 per cent think that the city is becoming increasingly difficult for the average person to afford to live in. On the brighter side, there was also a strongish sense of optimism about the state of the economy, with 69 per cent of people saying they are confident in the future of the economy in Toronto.
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Oct 2, 2014 18:56
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Cultural Imperial posted:http://m.thestar.com/#/article/news...s_question.html The one thing that everyone in this thread should be able to get behind.
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Oct 2, 2014 19:17
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Peugeot206 posted:http://www.vancouversun.com/opinion/columnists/Pete+McMartin+Vancouver+Lotus+Land+Lowest+Land/10253972/story.html You don't need money to buy anything anymore. You just need 'vision'.
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Oct 2, 2014 19:30
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triplexpac posted:Another anecdotal example of the funny way Canadians view our economy
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Oct 2, 2014 19:32
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I think it is actually part of the reason that Vancouver's economy always seems have one get rich quick scheme or another driving it. If it isn't flipping houses, it's selling mining ventures. If we build a tech park, that will compensate for the lack of all the other things that drive a tech startup scene right? Your education or work ethic only really gets you so far income-wise, so people start to look for other options.
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Oct 2, 2014 19:58
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And that's why we have bullshit companies like: 1) Dwave - I could pay for amazon mechanical turk to pump out calculations faster. 2) General Fusion - lol ok you're just going to magically produce a miniature tokamak that works better than um the real tokamak 3) Ballard - It's been 20 years and they're selling a product no one wants to buy. 4) every single loving kid out there writing a phone app that's going to revolutionize eating
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Oct 2, 2014 20:03
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melon cat fucked around with this message at 04:22 on Mar 16, 2019 |
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Oct 2, 2014 20:29
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Cultural Imperial posted:1) Dwave - I could pay for amazon mechanical turk to pump out calculations faster. Sorry man, but you poo poo the bed here. DWave is probably the only high tech startup of significance to come out of Canada in the past thirty years which is why they're drowning in money from multiple US defense contractors, NASA, and Google.
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Oct 2, 2014 20:34
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I don't know why, but a lot of the people I talk to use the high housing prices as proof the economy is doing well. Supply and demand. House prices keep going up, that means more and more people with money need housing in desirable areas. Look at Detroit, economy died and housing prices died with them. Housing prices are set simply by the market, and the market has spoken that Vancouver is the best place on earth. This is basic econ 101 poo poo, come on.
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Oct 2, 2014 20:37
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Baronjutter posted:I don't know why, but a lot of the people I talk to use the high housing prices as proof the economy is doing well. Supply and demand. House prices keep going up, that means more and more people with money need housing in desirable areas. Look at Detroit, economy died and housing prices died with them. Housing prices are set simply by the market, and the market has spoken that Vancouver is the best place on earth. This is basic econ 101 poo poo, come on.
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Oct 2, 2014 20:39
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Rime posted:Sorry man, but you poo poo the bed here. DWave is probably the only high tech startup of significance to come out of Canada in the past thirty years which is why they're drowning in money from multiple US defense contractors, NASA, and Google. So your success story is a company that does something that only exists in theoretical space at this time.
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Oct 2, 2014 20:45
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sbaldrick posted:So your success story is a company that does something that only exists in theoretical space at this time. You mean the multiple units they've sold to outfits like Lockheed Martin and Harvard aren't real? They're gonna be real pissed when they find out they've been computing on thin air all these years! 
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Oct 2, 2014 20:49
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Rime posted:Sorry man, but you poo poo the bed here. DWave is probably the only high tech startup of significance to come out of Canada in the past thirty years which is why they're drowning in money from multiple US defense contractors, NASA, and Google. Wrong. http://blogs.scientificamerican.com/observations/2014/06/19/quantum-chaos-after-a-failed-speed-test-the-d-wave-debate-continues/ quote:The latest entry is out today in the new issue of Science. (The paper has been out in preprint since January.) A group of researchers from EHT Zurich, Google, Microsoft, the University of Southern California and the University of California at Santa Barbara gained access to Lockheed’s D-Wave machine and subjected it to a series of tests. They wanted to see whether the machine exhibited quantum speedup—that is, whether it was any faster than a classical computer running the same sorts of problems. quote:Colin Williams told me that “in the next six months or so” we would see new results showing that the D-Wave machine is indeed faster than a classical annealer, given the right problems. If D-Wave does show quantum speedup, it will be a big deal—a “huge advance,” Troyer says. Even so, quantum computing will still face a slog in the years ahead. “There are big challenges to making this a real device even if there is quantum speedup,” Troyer says. “To make it useful as a product, they have a long way to go after [quantum speedup] is shown.” But nevermind this is fuckin unicorn technology, UBC and SFU pump out tons of high quality graduates, people that I would have no qualms about giving a job to (I am not an SFU or UBC grad). Why the gently caress is Vancouver's tech scene so pathetic that we're busy getting excited about nonsense like a loving quantum computer or cold fusion generator? namaste friends fucked around with this message at 20:53 on Oct 2, 2014 |
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Oct 2, 2014 20:51
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Rime posted:Sorry man, but you poo poo the bed here. DWave is probably the only high tech startup of significance to come out of Canada in the past thirty years which is why they're drowning in money from multiple US defense contractors, NASA, and Google. Only because if anyone shows even the slightest promise of making a useful quantum computer, you quite rightly shower them with money. It's a hedge against the scenario of quantum computing becoming a reality and you don't have a seat at the table. None of this means they will amount to an actual business of significance; cf Ballard.
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Oct 2, 2014 20:51
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Cultural Imperial posted:Wrong. https://journals.aps.org/prx/pdf/10.1103/PhysRevX.4.021041 No, U. I find it amusing that you all bitch about there being a lack of innovative startups in town other than trash outfits like Hootsuite, and then poo poo all over the few that are actually doing innovative work.  E: GF isn't building a cold fusion reactor, BTW. They're prototyping a magnetized target reactor, which is completely and utterly different. Rime fucked around with this message at 20:57 on Oct 2, 2014 |
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Oct 2, 2014 20:53
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quote:(Received 13 December 2013; published 29 May 2014) U.
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Oct 2, 2014 20:55
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Rime posted:https://journals.aps.org/prx/pdf/10.1103/PhysRevX.4.021041 It's not innovative work and it's bullshit because it doesn't generate any revenue. It's a loving scam. e: to be more clear, I think burning up VC cash is about as useful as loosening lending standards to generate growth in an economy e2: cmon man does it make any material difference wtf i call GF's nonexistent product namaste friends fucked around with this message at 20:59 on Oct 2, 2014 |
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Oct 2, 2014 20:56
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Cultural Imperial posted:It's not innovative work and it's bullshit because it doesn't generate any revenue. It's a loving scam. So is everything else in BC, the only thing that's changed in a hundred years is now we're pumping VC firms to fund interesting technology instead of loading up a shotgun with some gold dust and firing it at the wall of a cave in the Fraser.
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Oct 2, 2014 20:58
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Rime posted:So is everything else in BC, the only thing that's changed in a hundred years is now we're pumping VC firms to fund interesting technology instead of loading up a shotgun with some gold dust and firing it at the wall of a cave in the Fraser. Well, I completely agree with you here. Having grown up partially in Vancouver, it's very sad that this province hasn't been able to build a strong economy in 100 years. What's the difference between Murray Pezim and the Aquilinis? I'm pretty sure there isn't any.
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Oct 2, 2014 21:02
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Rime posted:Sorry man, but you poo poo the bed here. DWave is probably the only high tech startup of significance to come out of Canada in the past thirty years which is why they're drowning in money from multiple US defense contractors, NASA, and Google. Lexicon posted:Only because if anyone shows even the slightest promise of making a useful quantum computer, you quite rightly shower them with money. It's a hedge against the scenario of quantum computing becoming a reality and you don't have a seat at the table. Lexicon is right. DWave is a joke. Cultural Imperial posted:Well, I completely agree with you here. Having grown up partially in Vancouver, it's very sad that this province hasn't been able to build a strong economy in 100 years. What's the difference between Murray Pezim and the Aquilinis? I'm pretty sure there isn't any. It's unbelievable how people ignore the fact that they basically started as slumlords. This fawning article in the Vancouver Sun has to be one of the low points of Canadian journalism in the past decade. I've heard tons of stories from friends who have worked or currently work for them, and to put it mildly the sons don't sound very competent. blah_blah fucked around with this message at 21:24 on Oct 2, 2014 |
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Oct 2, 2014 21:17
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Sassafras fucked around with this message at 17:46 on Oct 8, 2014 |
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Oct 2, 2014 21:59
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^ We only poo poo on it because, as in all aspects of Vancouver, BPOEers write cheques their rear end can't cash about the state of the industry. It's a little hard to stomach "Silicon Valley North" when we're talking Hootsuite and a few mid level payment cos. And that's without getting into the salary thing.
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Oct 2, 2014 22:05
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Sassafras fucked around with this message at 17:47 on Oct 8, 2014 |
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Oct 2, 2014 22:12
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Sassafras posted:When you guys get into "poo poo on Vancouver tech" mode, you always miss the 1500+ employees (excluding Shaw, Telus, banks, govts, & crown corps) in misc networking / security companies, the uncountable total among all the 20-100 employee local companies involved in miscellaneous forms of payment processing / point of sale software, etc. All of which exists in Dallas Texas, or in any city of a million+ people. Only Vancouver seems to try to justify housing speculation based on this tech boom (and Lululemon).
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Oct 2, 2014 22:13
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Sassafras posted:The last few offers friends of mine have accepted in Vancouver were all in the 115-130k/year range for base salary, plus stock, RSP matching, other benefits. Sure, same people would be closer to 150k-175k base in SF or Seattle but hey... it's home! If you don't mind my asking, what companies are offering this and to do what?
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Oct 2, 2014 22:21
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Sassafras fucked around with this message at 17:47 on Oct 8, 2014 |
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Oct 2, 2014 22:33
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Sassafras posted:Well, as a broad hint, Amazon plus a variety of networking gear / computer security industry companies. Generally 5-10 years of solid experience, being hired into somewhat senior positions. Those salaries aren't too bad but they're terrible considering the marketability of anyone who'd qualify for those jobs. The job market in the us is really good for people of that calibre as well.
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Oct 2, 2014 22:51
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Peugeot206 posted:http://www.vancouversun.com/opinion/columnists/Pete+McMartin+Vancouver+Lotus+Land+Lowest+Land/10253972/story.html lmao  Anyone from BC would basically be better off not staying local and instead going to area with more competitive salaries. ocrumsprug posted:All of which exists in Dallas Texas, or in any city of a million+ people. Only Vancouver seems to try to justify housing speculation based on this tech boom (and Lululemon). Yup another aspect of the bubble is there's nothing in the BC economy to justify the big home price increases. It's not a center of commerce, jobs or innovation like NYC, London, Bay Area or the NE biotech corridor. 
etalian fucked around with this message at 23:40 on Oct 2, 2014 |
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Oct 2, 2014 23:36
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etalian posted:lmao What the hell is the scale on that graph?
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Oct 3, 2014 01:49
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etalian posted:lmao empty quotin' 'dis
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Oct 3, 2014 01:50
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Dr. Stab posted:What the hell is the scale on that graph? The same scale they use in bitcoin graphs.
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Oct 3, 2014 02:35
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FrozenVent posted:The same scale they use in bitcoin graphs. and Fox news
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Oct 3, 2014 02:36
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Cultural Imperial posted:empty quotin' 'dis Basically it's pretty hilarious for people to claim that the sky high prices in BC is due to having a world class economy. Also lolling how even the GTA has pretty dismal salaries for people with 4 year degree, while Calgary is much higher by comparison. etalian fucked around with this message at 05:56 on Oct 3, 2014 |
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Oct 3, 2014 05:52
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Rime posted:You mean the multiple units they've sold to outfits like Lockheed Martin and Harvard aren't real? They're gonna be real pissed when they find out they've been computing on thin air all these years! Ballard also sold some units to some people for a while and was worth over $1b at one point. I'm not even sure they're still listed now. Not saying DWave isn't good as I don't know much about the tech, but until they're making earnings it's all spec. Lexicon posted:Only because if anyone shows even the slightest promise of making a useful quantum computer, you quite rightly shower them with money. It's a hedge against the scenario of quantum computing becoming a reality and you don't have a seat at the table. Beat me to it. Rime posted:So is everything else in BC, the only thing that's changed in a hundred years is now we're pumping VC firms to fund interesting technology instead of loading up a shotgun with some gold dust and firing it at the wall of a cave in the Fraser. No this still happens, it's just marginally harder to get public investors to believe it due to relatively rigorous disclosure standards. The tech industry has no such regulations so you see all sorts of hilarious unverifiable (and difficult to refute) claims.
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Oct 3, 2014 10:46
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TIME FOR SOME INTROSPECTION. http://content.time.com/time/business/article/0,8599,1170721,00.html quote:
Yes, hmm, this can only end in a soft landing. David Lereah is great btw, check out some of the things he's said in the past.  lmao http://davidlereahwatch.blogspot.ca/ http://articles.latimes.com/2005/aug/28/business/fi-homedebt28 quote:"If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years," said David Lereah, chief economist of the National Association of Realtors and author of "Are You Missing the Real Estate Boom?" "It's as if you had 500,000 dollar bills stuffed in your mattress."
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Oct 3, 2014 18:09
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haha seriously? "If you're not up to you eyeballs in housing debt you're a financial simpleton!" ???
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Oct 3, 2014 18:13
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etalian posted:lmao The best part about this graph is Ottawa is only on top because it counts both the earliest possible government start date and the tail end of your career. No one at 25 makes 61k in Ottawa.
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Oct 3, 2014 19:15
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Baronjutter posted:haha seriously? "If you're not up to you eyeballs in housing debt you're a financial simpleton!" ??? For what it's worth, I think buying is a terrible idea right now, but if I were carrying a mortgage with a rock-bottom interest rate, I'd be putting my money to work somewhere other than accelerated mortgage payments. With inflation and rates how they've been (even with a modest increase), the main risk in housing isn't servicing debt but capital loss, I would think, i.e. a correction/crash.
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Oct 3, 2014 19:16
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etalian posted:Basically it's pretty hilarious for people to claim that the sky high prices in BC is due to having a world class economy. To be fair, everyone in Calgary gets paid tons of money compared to just about anywhere else. It's not really Toronto's fault.
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Oct 3, 2014 20:58
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Isn't Montreal also somewhat lower cost of the living compared to the other major cities?
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Oct 4, 2014 00:03
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