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Am a Canadian myself. Lived in the US for 6 months last year, but am back living in Canada since June 2021. I will agree that the Canadian labour market is ut
by jaarse 5y ago
Am a Canadian myself. Lived in the US for 6 months last year, but am back living in Canada since June 2021. I will agree that the Canadian labour market is utterly $^%$ed right now, and it is entirely due to the way our government has handled this situation.
The government of Canada gave money to anyone who (1) was over the age of 15, (2) made more than $5000 in the year prior to the pandemic and (3) lost at least 50% of their wages.
CERB was $2000/4 weeks * 6 periods,
CRB was $900/2 weeks for up to 54 weeks
So do the math ... you're a 18 year old student that made $5000 the year before the pandemic. The government potentially has paid you upwards of $30,000 to stay home over the past year and a half. You could go back to a $15/hours job (that's Ontario's minimum wage), but you have more money in the bank than you ever thought you would at this point.
It's not the older, "full time" worker staying home. It's that none of the students feel the need to work anymore.
And it's not just restaurants. I went to a very large, major chain, grocery store last night at 7pm. Half of the shelves were empty and they had ONE self checkout open (with a line of customers). No staff there either ...
- 908B64B197 5y agoNo way that's good for inflation. Let me guess, there has also been a massive surge in consumer prices and real estate? Also, what are the odds this "shortage" will result in even larger immigration quotas, especially close to election time?
- jaarse 5y agoCanadian real estate price rose 20% in 2020 and another 20% in 2021, although I think that has more to do with interest rates staying at effectively zero for the past decade. Canada never had their correction in 2008 to reset everything like the US did.
- 908B64B197 5y agoDid wages grow at all during that time?
- sattoshi 5y agoIn tech yes, not so much elsewhere