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Originally Posted by JHikka
Do you have any numbers to back up any of these statements?
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I've come across the number before, in a quick google search i found a mention of it:
http://www.intelligentcommunity.org/saint_john_new_brunswick
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Originally Posted by JHikka
I'd say SJ is less precarious than people seem to think. There's a lot of industry in the city that completely flies under the radar. Industries like health sciences and research at UNBSJ/Regional Hospital are examples.
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Exactly, what you point out as less precarious are the stable public sector jobs I am talking about and we need more of them. Who is going to invest in a economy in decline? Not a wise investment from a private business perspective. We need the state for that
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Originally Posted by JHikka
Asking for federal aid is admitting defeat. It's admitting that you messed up and you alone cannot think of any way out of it. SJ's situation isn't that bad, and from a financial standpoint Saint John's debt service cost as a % of total expenditures is lower now than it was 15 years ago (floats around 10%) - it's lower than Moncton, Dieppe, Bathurst, Campbellton, Edmundston...
What does it say to local business when the city admits defeat like that? What does it say to local residents that it's admitted defeat? It would put an end to any momentum in any category you can think of and would evaporate any belief or confidence in the local business market.
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This is one of those inherant problems with business folk: they spew good news and almost never come to grips with reality out of fear of scaring away business. You would hope anyone looking to invest would develop a sound business plan and look at the economic, demographic indicators and not just the boosterism you always see. It is not admitting anything other than the reality that this city is in decline and needs help, not a end all be all, but a bit of a boost. If we were successful in attaining some public sector jobs/gov offices what have you, it would only help the businesses in the city anyway. It's a win-win.
The whole idea of "admitting defeat" insinuates we have control over our place in the global economy or over the market. One fact of globalism is that it has taken away agency from government and smaller jurisdictions. Like I said, the decline is out of our control now
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Originally Posted by JHikka
Would you care to provide a solution?
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I've already argued one. And I agree with you on the need to diversify. Which a boost in public sector jobs would help with. At this point, it is Irving we need to get away from depending on, not the public sector. I haven't been able to find it yet, but I have heard there was a report years ago looking into the Irving monopoly, and that because they are such a large player and own so much, they scare away other businesses from coming in. Makes perfect sense.
I just came across an interesting bit from CBC. Irving even stopped selling Simms brushes at their Kent stores in 2012. Simms was struggling. And you know the rest... Irving got the land, tore down Simms, and used government funds to expand. Vague, but knowing them, they had planned it all along.
What I am saying is if Irving is scaring away business, and the global market has neglected Saint John, Keynesian economics is the best solution as it stands.
Public sector employment isn't defeat. Allowing Irving to turn Saint John into a company town is.