|
Rime posted:Like I said, there's that quote (I think I expanded on it better in one a few months later) there's a sort of mental roadblock in North America where people simply do not (or refuse to) understand the concept of purchasing power relative to inflation. $30k is absolutely still viewed as being in "the good life" by people, especially those over the age of 40, despite being barely above (realistically) the poverty line for a single individual these days. I don't know if it's because minimum wage jobs account for such a huge percentage of income earners, or boomers just being fiscally retarded, or what. I imagine "middle class lifestyle" still works out to 2.5 kids with extracurriculars, a mortgaged house, and at least one vacation or road trip a year. e. My little sister is in competitive gymnastics and my parents are paying a couple grand a year on that alone, and it's her only extracurricular. Two cars for two working parents, early childcare, et cetera. unlimited shrimp fucked around with this message at 01:07 on Jan 13, 2015 |
# ? Jan 13, 2015 01:02 |
|
|
# ? May 27, 2024 01:52 |
|
The correct answer is don't have kids. Or have one kid.
|
# ? Jan 13, 2015 01:30 |
|
Kraftwerk posted:The correct answer is don't have kids. Or have one kid. Of course the further answer to that is that if the majority of your population can't actually afford to have kids, your country better have some serious immigration or you have a demographic time bomb on your hands.
|
# ? Jan 13, 2015 01:42 |
|
Lead out in cuffs posted:Of course the further answer to that is that if the majority of your population can't actually afford to have kids, your country better have some serious immigration or you have a demographic time bomb on your hands. Why would anyone immigrate to a place where no one can afford to have kids?
|
# ? Jan 13, 2015 01:44 |
|
I think that the humans on this Earth have a moral responsibility not to reproduce for a while so the population declines to more sustainable levels. As population declines the demand for labour resurges and the value of that labour is higher since it's scarcer. Even if you have a kid you have to consider the kind of world you're putting them into. They will be born into a place with increasingly scarcer job opportunities, education and social services.
|
# ? Jan 13, 2015 01:53 |
|
Also lolling how people in keeping with Johnson areas like GTA feel to need to pay for piles of extras for their kids like private school, expensive vacations, tutoring or costly after school extra-curricular activities.
|
# ? Jan 13, 2015 02:12 |
|
Kraftwerk posted:I think that the humans on this Earth have a moral responsibility not to reproduce for a while so the population declines to more sustainable levels. As population declines the demand for labour resurges and the value of that labour is higher since it's scarcer. etalian posted:Also lolling how people in keeping with Johnson areas like GTA feel to need to pay for piles of extras for their kids like private school, expensive vacations, tutoring or costly after school extra-curricular activities.
|
# ? Jan 13, 2015 02:39 |
|
Lead out in cuffs posted:Of course the further answer to that is that if the majority of your population can't actually afford to have kids, your country better have some serious immigration or you have a demographic time bomb on your hands. Like this kind of demographic time bomb? http://www.statcan.gc.ca/pub/91-215-x/2014000/t512-eng.htm There is pretty large gap between the Baby Echo (MIllenials, Generation Y, born ca. 1980-1995) and Generation Z (born ca. 1996-2010). Even very optimistic estimations of immigration of people in their early 20's won't fill those gaps when the time comes.
|
# ? Jan 13, 2015 02:59 |
|
Saltin posted:Why would anyone immigrate to a place where no one can afford to have kids? Because they already have kids and can't afford them where they live? blah_blah posted:Finance and tech jobs are examples of these. I've interviewed dozens of people for data science roles, many or most of whom had Ph.Ds and otherwise impressive resumes, and the vast majority of candidates fell well short of our hiring bar. Most STEM grads are woefully unequipped to do any sort of highly quantitative or technical job. Any sort of quantitative or technical job? Jeez, generalize much? I can believe that many STEM graduates are unequipped to do serious statistics, but they should be capable of learning it. Moreover, I can't really see what kind of graduates would become especially well-prepared to do proper statistics short of, well, statisticians.
|
# ? Jan 13, 2015 03:04 |
|
unlimited shrimp posted:So who gets to decide who reproduces while we're waiting for the overall population to decline or stabilize? The Free market obviously
|
# ? Jan 13, 2015 03:07 |
|
Jumpingmanjim posted:The Free market obviously A rich penis
|
# ? Jan 13, 2015 03:41 |
|
eXXon posted:Any sort of quantitative or technical job? Jeez, generalize much? There are a lot of awful STEM candidates, and the credentials bloat is getting pretty out of hand. However the industry also sets itself up for a skills shortage by trying to hire 90th percentile people for everything. Your R&D department sure, but even the plumber positions have these qualification expectations.
|
# ? Jan 13, 2015 04:03 |
|
eXXon posted:
Anyone could be trained to do that, a STEM degree isn't going to give you a leg up without the background knowledge.
|
# ? Jan 13, 2015 04:11 |
|
it's almost like there's an economic model for this
|
# ? Jan 13, 2015 04:33 |
|
Saltin posted:Why would anyone immigrate to a place where no one can afford to have kids? propaganda
|
# ? Jan 13, 2015 04:38 |
|
eXXon posted:Any sort of quantitative or technical job? Jeez, generalize much? The word 'highly' is relevant. And data science isn't just statistics, there's a ton of things that go into using data to make good decisions beyond knowing some statistical theory. Statisticians actually haven't fared very well in the interview processes that I've been a part of (physicists, for example, have done much better).
|
# ? Jan 13, 2015 05:59 |
|
lol http://www.usatoday.com/story/money/columnist/bartiromo/2015/01/11/bartiromo-saudi-prince-alwaleed-oil-100-barrel/21484911/ quote:Q: You said the price of oil will dampen the shale revolution in America. How?
|
# ? Jan 13, 2015 06:54 |
|
JawKnee posted:propaganda There are plenty of worse places in the world much worse than Canada. I would never choose to go back to my country of birth because I could never see Canada being as bad as it.
|
# ? Jan 13, 2015 07:43 |
|
http://www.bcbusiness.ca/finance/what-will-happen-if-vancouvers-video-game-industry-loses-its-tax-creditquote:B.C.'s video-game industry, while not booming, is in a relatively stable position. That all could change if a critical tax credit disappears in next month’s budget Solution: offer a 150% tax credit. Get in at ground floor and pay game companies a bonus to not move and hire unpaid interns. gently caress you Quebec!
|
# ? Jan 13, 2015 08:18 |
|
Terebus posted:There are plenty of worse places in the world much worse than Canada. I would never choose to go back to my country of birth because I could never see Canada being as bad as it. it was tongue in cheek, but I'm not from here either, nor am I from a particularly great country. I was thinking along the lines of 'paris of the prairies' type stuff
|
# ? Jan 13, 2015 08:22 |
|
JawKnee posted:it was tongue in cheek, but I'm not from here either, nor am I from a particularly great country. could it be... that you're a tragically hip fan? Anyways serious talk, peep dis http://m.theglobeandmail.com/news/national/murky-future-for-fort-mcmurray-as-oil-prices-fall/article22422885/?service=mobile GBM posted:Debbie March calls it, affectionately, Fort McMurray’s Newfie restaurant – Ms. B’s, popular among the Newfoundland and Labrador diaspora who came to Alberta for work as the oil sands boomed. She is one of them, and the manager.
|
# ? Jan 13, 2015 15:40 |
|
I imagine there are lots of real estate financial geniuses in the Ft McMurray area who may well be about to learn a hard lesson about how leverage magnifies the other direction also.
|
# ? Jan 13, 2015 15:58 |
|
Wow you think they read Mian and Sufi as well?
|
# ? Jan 13, 2015 16:11 |
|
Gentlemen, I bring you today's feel good story of the day: http://www.thestar.com/news/canada/2015/01/13/alberta_likely_to_face_recession_this_year.html?utm_medium=twitter&utm_source=twitterfeed quote:CALGARY—The Conference Board of Canada says Alberta will likely face a recession this year due to the plunging price of oil.
|
# ? Jan 13, 2015 16:17 |
|
|
# ? Jan 13, 2015 16:19 |
|
peter banana posted:then you'd be unemployed for 4 months like my husband! There's a glut of STEM workers right now. People are trying to pay them peanuts, that why there's a "skills gap." How second hand I'm super glad my girlfriend is employed after reading this thread holy hell
|
# ? Jan 13, 2015 16:21 |
|
Cultural Imperial posted:Gentlemen, I bring you today's feel good story of the day: I'll still take it over BCs economy! (Especially Vancouver)
|
# ? Jan 13, 2015 16:34 |
|
No one here has ever claimed Vancouver is better than Calgary. I for one just relish in seeing Calgary fail and hard.
|
# ? Jan 13, 2015 16:48 |
|
I didn't see it in the thread, has anyone posted about how Germany's Deutsche Bank claimed Canadian houses are overvalued by 63 per cent ?
|
# ? Jan 13, 2015 17:23 |
|
I just cannot wait for the dimwits who told me personally that Alberta was carrying the weight of the country and deserves special treatment to tell me that they were wrong. Oh. Do I ever dream.
|
# ? Jan 13, 2015 17:26 |
|
triplexpac posted:I didn't see it in the thread, has anyone posted about how Germany's Deutsche Bank claimed Canadian houses are overvalued by 63 per cent ? Yeah. DB has been super bearish on Canadian re though.
|
# ? Jan 13, 2015 17:30 |
|
Cultural Imperial posted:
|
# ? Jan 13, 2015 18:30 |
|
melon cat posted:And the worst part is that the BoC has no wiggle room to cut interest rates to promote Canadian spending. I recall that we discussed exactly this a few months ago, well before the price of oil nose-dived. Instead of "pumping the brakes" by periodically hiking rates, they just cut them, cut them, then cut them some more. And now they've painted themselves into a corner, so they have no options to provide relief to Canadian households. Negative interest rates.
|
# ? Jan 13, 2015 18:40 |
|
melon cat posted:And the worst part is that the BoC has no wiggle room to cut interest rates to promote Canadian spending. Hmm? There's still another 1% that could be cut, and then why not go negative if you can? efu Coylter.
|
# ? Jan 13, 2015 18:40 |
|
melon cat posted:And the worst part is that the BoC has no wiggle room to cut interest rates to promote Canadian spending. I recall that we discussed exactly this a few months ago, well before the price of oil nose-dived. Instead of "pumping the brakes" by periodically hiking rates, they just cut them, cut them, then cut them some more. And now they've painted themselves into a corner, so they have no options to provide relief to Canadian households. Canadian economy tweets are afire over speculation that the BoC is going to cut rates soon.
|
# ? Jan 13, 2015 18:44 |
|
Cultural Imperial posted:Canadian economy tweets are afire over speculation that the BoC is going to cut rates soon. Wow, Canada really doesn't want to take it's medicine. I'm sure that it will be fine if we just push it down the road a little bit more.
|
# ? Jan 13, 2015 18:45 |
|
melon cat posted:And the worst part is that the BoC has no wiggle room to cut interest rates to promote Canadian spending. I recall that we discussed exactly this a few months ago, well before the price of oil nose-dived. Instead of "pumping the brakes" by periodically hiking rates, they just cut them, cut them, then cut them some more. And now they've painted themselves into a corner, so they have no options to provide relief to Canadian households.
|
# ? Jan 13, 2015 18:47 |
|
ocrumsprug posted:Wow, Canada really doesn't want to take it's medicine. Not before the elections silly you.
|
# ? Jan 13, 2015 18:47 |
|
Mississauga issued $1.1 billion worth of building permits in 2014 http://www.mississauga.ca/portal/ci...309305F36159BF2 The City of Mississauga issued building permits for more than $1.1 billion in construction in 2014. Total permits issued by City staff increased by more than 15 per cent to almost 3,800 in 2014 from about 3,300 in 2013, an average year. The City also issued an additional $400 million in conditional permits to help get construction underway.
|
# ? Jan 13, 2015 19:07 |
|
|
# ? May 27, 2024 01:52 |
|
The rate cut could happen as soon as the Duffy trial begins.
|
# ? Jan 13, 2015 19:09 |