[someone123]

It's also unfortunate because there are a lot of younger people who have trouble finding work. These jobs are not great but they can be good for students.

There was an interesting article in ANS a couple days ago about the winners and losers in the city's job market. The city's employment has grown by more than the national average for the past 6 years, but 97% of the growth can be accounted for in the 45 years old and over cohort. The 25-44 year old labour force only grew by about 1%.

There is a huge generational gap in terms of where wealth is accumulating. Older people are hanging onto high-paying jobs for longer and are benefiting from higher property values (they are rentiers) while younger people struggle to find work and pay rent.

This actually ties in with the Quinpool Road apartment building thread. Homeowners don't benefit from these buildings so they try to block their approval. When they do block the buildings, property values are inflated because the supply of new housing is restricted. They win. Young people without property lose because they capture none of the increase in housing values and instead are stuck paying out higher rents. Or they just give up and move to another province with a better earnings to cost of living ratio, while people in NS scratch their heads and wonder what can be done about the ageing population.