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by SecretDreams 23 days ago
> With the U.S. moving from a cooperative trade partner to a trade competitor, Canada needs to up its game.

Even if the US was still benevolent (ish), Canada needed to up its game. I have heard Canada be described as "European wages with American working hours".

It's a great country with good people and lots of beauty, but they need an economy and job prospect beyond real estate, mining, banking, automotive, and government funded. The country seems to lack diversity in prospects and relatively uncompetitive wages.

For those leaving after completely undergraduate schooling that is taxpayer subsidized, there should be both carrots/sticks to discourage it - carrots would be to substantially juice tuition tax credits to give young people a better shot to save coming out of school. Sticks would be that if you are leaving soon after graduating, you are maybe on the hook for paying back some of that subsidized education. I'm not married to the exact carrots and sticks, but the country probably needs to do something short term while they also sort out future economic growth sectors.

2 comments

Not that realistic, my salaries have always been about double of what's offered in Europe (or more). Also "Europe" is vague, average salary in Italy is low enough to be a joke

Cost of life though, is completely fucked up.

Post secondary should be setup as a loan for the subsidized portion withloan forgiveness prorated over a decade. If you leave the tax net it converts to payments like any other loan. Everywhere should be doing this, its just good policy. The carrot is way more of a problem because this place needs to be less junk on nearly every measureable dimension. the examples are too numerous to list but housing needs to be a lot more affordable and there is probably a hundred things to fix to make that one thing function betteras one example.