Quote:
Originally Posted by MonctonRad
Services can create a lot of jobs, but, they do not actually create wealth. You only create wealth by building (or extracting) things and then exporting them.
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I get your point but this isn't that accurate in general. It's somewhat true for Canada and much less true in the USA with their large internal economy. Service jobs can help generate wealth too, and they're necessary for other productive sectors.
That being said we don't seem to have very good or affordable services here (actual service in businesses is awful and declining, costs have gone way up) and I doubt the fake education economy produces much value or enables efficient use of skilled labour. I don't think an exploitative wage slave economy with people paying for fake degrees to work at McDonald's is an effective or moral economic strategy.
I believe if we want to improve our productivity and standard of living we need business investment, real education, R&D, lower costs (e.g. build lots of cheap housing, create true competition), and better infrastructure. I think the fake TFW program is meant to generate dollars for big companies, temporarily juice up weak economic figures, and temporarily boost certain demographics that are already relatively well off in Canada.