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Thread: Canada's Middle Class Richest In Study of Big Nations [W:77]

  1. #21
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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by clownboy View Post
    The wonder is, they've just gotten here now. I'll remind again, Canada has the same amount of land as the entire US with the same resource wealth we had before we sold off/used a ****load of it - with one tenth the population.
    Canada is a high cost country, due to its size and low population

    The cost of shipping a truck load (26 pallets of goods) from alberta to Ontario for in stance is roughly $5 000. I expect quite a bit higher then shipping costs in the US,
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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by clownboy View Post
    No. Canada is busy selling off resources we depleted from our lands over the last 100 years. We're buying a great deal of them. There are less people to share in the take from that than we've had in the US over the last hundred years. Now, there a few ways for a society to deal with the sell off of their resources. Like the Saudis who concentrate the vast influx of wealth into a few families while doing nothing to prepare their society for the inevitable time when the resources are sold off. Or like the Canadians who have used the influx to build infrastructure and diversification into their society.
    Quote Originally Posted by Carjosse View Post
    No we are doing the opposite actually, we used to be diversified, now we are throwing all of our eggs into the oil and energy basket. We are building infrastructure, Alberta's infrastructure.
    Like Carjosse has stated Canada is losing its manufacturing industry, Mexico is building more cars then Canada now. Canada has lost a huge number of well paying manufacturing jobs to the US, China, and Mexico for instance. Of course the dollar moving from $0.6 USD to $1.10 USD and now around $0.88 has played a role in the loss of jobs. Ontario has gone from being what is called a have province to a have not province due to those losses
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  3. #23
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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Lord Tammerlain View Post
    Like Carjosse has stated Canada is losing its manufacturing industry, Mexico is building more cars then Canada now. Canada has lost a huge number of well paying manufacturing jobs to the US, China, and Mexico for instance. Of course the dollar moving from $0.6 USD to $1.10 USD and now around $0.88 has played a role in the loss of jobs. Ontario has gone from being what is called a have province to a have not province due to those losses
    Though then again we are making rather large gains in the non-manufacturing sector which is what we are good at. Ontario is a have not province by about 5$, if there wasn't a gas plant scandal Ontario would not have.

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Carjosse View Post
    Canada has now overtaken the U.S. to become the nation with the wealthiest middle class according to this Globe article, Canada matched the U.S. in median income in 2010 and we have now surpassed the U.S. This is part due to an almost 20% growth income since 2000 while U.S. only had 0.3%, many Western European countries also saw better growth.

    According to the NYT it is: “Because the total bounty produced by the American economy has not been growing substantially faster here in recent decades than in Canada or Western Europe, most American workers are left receiving meagre raises,” the New York Times report says. “Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.”

    I have to say I am not surprised that the American economy stagnated income wise. Sure some individual states have seen growth but overall the U.S. is in the same place it was in 2000. You can't blame one party or president either since both the Republicans and Democrats have had power during that time.
    I wonder if it has anything to do with:


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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by cpwill View Post
    It has something to do with it... but not the way you think.
    PeteEU

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by PeteEU View Post
    It has something to do with it... but not the way you think.
    Is that a fact?

    Huh....

    ...In the mid-1990s, the federal government faced a debt crisis caused by overspending, which is similar to America’s current situation. But the Canadian government reversed course and slashed spending from 23 percent of GDP in 1993, to 17 percent in 2000, and to less than 16 percent today.2 The Canadian economy did not sink into a recession as Keynesians would have expected, but was instead launched on a 15-year economic boom.....

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by cpwill View Post
    Is that a fact?

    Huh....
    If you think government spending cuts would alone save the US then you are insane. As I said there are many more factors that are holding the US back, and that Canada does not have or has to a less degree.

    Take political deadlock. The US has had it for a decade... Canada, while their politics can be fun to watch, it does have the ability to get things done when needed, something the US political establishment sorely lacks.

    Or take healthcare. Yes Canada pays higher taxes (not by much on paper), but it also gets a system where the threat of economic doom is all but gone. Not so in the US for large parts of the middle class. Get sick, have the wrong insurance policy and you are screwed. And then there is the overall cost of healthcare... much higher in the US vs Canada, because in the US it is the healthcare industry that sets the prices due to lax regulation, which means the US healthcare provider can run amok price wise.

    Fact is Canada has higher taxes, more regulation and so on than the US, but preforms on average better when looking at the middle class. Why is that? Look at the income inequality numbers... that might explain some of it and then look at the lopsided tax system the US has, where the rich have a smaller burden than the middle class.

    And then of course there is the whole spending far more than you earn for decades and starting wars that are unfunded.
    PeteEU

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Yup... pretty much why I married a Canadian and moved to Canada, lol. It's the most stable of the G8 right now, not sure for how much longer though. The Conservative gov up here is really gutting the entire system and installing corporatocracy. For now it's a safe haven though.

  9. #29
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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Travis007 View Post
    The reason is Obama and the Libs... period jobs are leaving the USA in droves due to Obamas hate of the USA
    This is the most simplistic post I have read on this forum.


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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Travis007 View Post
    You can pin this on Lib GREEN AGENDA nonsense and manufacturing leaving the USA.., high tax rates and Obamacare... period
    you kow manufacturing is up under President Obama and Canada has national health care....

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