Quote:
Originally Posted by P'tit Renard
There's plenty of private sector economists calling BS on this 'positivity'. Here's a counter analysis from BMO's Robert Kavcic:
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I'm fully aware of all the counter 'analysis'. They zero in on a few metrics which are absolutely true (to bait people) but then fail miserably to properly vet their position.
They dismiss the
MANY positives, fail to put things into context of our temporary high interest rate environment, fail to recognize that economies/municipalities need time to react to sudden and massive surges in population, and fail entirely to look at the medium to long term effects on regions/economies nationwide. These things do matter.
Some of them refuse to accept that we have a large and growing labour shortage. It's absolutely stunting Canadian economic growth (as is our refusal to recognize foreign credentials). They lazily and irresponsibly respond by saying it's not true. To add insult to injury, they don't offer any alternative solutions to fix our under funded public pension system. You want to see economic and social chaos? If our public pension system collapses it will make some of these other problems look like small potatoes. Our working age to pensioner ratio has to come down .... and as quickly as possible.
They know full well the majority of people aren't able to read what they write with a critical eye. I realize their articles can't be 10 pages long to properly address the issues but they do Canadians a disservice when write lazy articles. You re-positng what they say 3 times on SSP doesn't make it any more valid, measured, or considered than it was the first 2 times.
I have a business degree (concentration in economics) and finished at the top of my class. I know what these figures mean, what they say, what they don't say, how indicators change over time, why they change, and the implications of population change over the medium/long term. I'm also well read when it comes to geo-politics, industry clusters, and how demographics positively/negatively affects a nation state on various fronts. Yes we have many challenges, but the hysteria building around this recent population surge is getting out of hand. It's the big picture that matters more than snippets of data from one moment in time.
There are many solid reasons for significantly boosting our population. My major criticism is that the uptick wasn't gradual. It happened too quickly for municipalities to adequately respond. If you don't want a significantly larger Canadian population, that's your prerogative, but those that see the net benefit to Canada do have valid, considered, and measured reasons for the position we hold. I'm squarely in the 'short term pain for long term gain' camp.
Not that you've done so, but when someone holds a different POV it doesn't make that person uneducated, ignorant, or dumb. Frustratingly, that's sometimes the response one gets on SSP.