A day after Iggy adjourned for Christmas by telling Canadians that they are ready for an election and he is going to vote against next year's budget, the Prime Minister said that he will not attempt to force an election in 2011. We are approaching the five year anniversary of Stephen Harper becoming our Prime Minister, and he maintains that our focus should be on economic recovery and cutting the deficit. The Liberals meanwhile are election-mongering.
The Canadian economy has proved very resilient during this so called "Great Recession", but we have still not returned to 2007 levels. Obviously there was a giant bubble in the global credit, equity, housing, and mortgage markets that popped; so returning wealth to the bubble numbers is not going to be fast. Banks and related institutions issued billions of dollars in loans to people who would not be able to pay them back. This created a temporary wealth that could not sustain itself.
The part I can't figure out is this supposedly large demographic of "young people who have stopped looking for work". I understand people not working while they are in school, but if you are aged 18-60 and are not in school and not employed, you should always be looking for work (even if it is not your dream job).
Kids these days want their "dream job" or nothing, and Mommy and Daddy are enabling them by letting them stay at home until they find that most awesome of all jobs. They only want to work at it for 6 months so they can save enough for a holiday though.
ReplyDeleteLMAO @ hunter, that is a little harsh hunter, I think we have specialized the crap out of our children. They major in a discipline in University and they figure that is all they can do. Seriously, think back a little, I mean a BA used to be a enter level degree into a lot of positions, now, its enter level into a counter job at Tim Horton's
ReplyDeleteThe system doesn't have the guts to tell the truth to us... there are no jobs for us anymore. Soon they will be mostly gone. Just keep everyone's hopes up though, so no riots in the streets.
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