Eine Kennzahl, die zeigt, wie es den Kanadiern wirklich geht, verbessert sich zum ersten Mal seit Jahren
https://financialpost.com/news/canada-per-capita-gdp-improving-first-time-three-years
Eine Kennzahl, die zeigt, wie es den Kanadiern wirklich geht, verbessert sich zum ersten Mal seit Jahren
https://financialpost.com/news/canada-per-capita-gdp-improving-first-time-three-years
23 Kommentare
Good thing it’s metric rather than imperial.
It’s almost as if per capita GDP was a red herring that was mostly affected by a large unproductive (in the economic sense) influx of temporary students and had nothing whatsoever to do with the standard of living in Canada…
You mean, when you stop flooding the country with new people and the population actually declines that GDP per capita goes up? Who could have guessed?
What is interesting is that removing temporary residents increases per-capita GDP, which means that an average temporary resident – able-bodied adult who (allegedly) can support himself, creates less GDP than an average Canadian, including children, disabled and retirees
None of this silly math means how Canadians are really doing
If we received our share of the GDP maybe but it’s held and played with by the top. We just get to look at it and say yay
Fuck these articles life’s just gone down hill since the liberals
i will honestly say that for the first time in 10 years it does start to feel like Canada is moving in the right direction.
Finally, some good news 😊
I question how anyone who did not get a 30% raise after a career change 2 years ago, like myself, is surviving today.
Metrics are improving on paper.
Nothing has improved on the ground.
Jobs are scarce, wages are stagnant, rents are high, basic necessities are priced so high.
House prices have come down a bit but they increased almost 150%, coming down 30% or so is not the same.
I’m going to receive a lot of slack for this but both GDP and GDP per capita are bad numbers. The numbers keep going up and down but people always feel their QoL going down.
You really want to know how Canadians are doing? Let’s get p99, 095, p70, p50, p25 and p10 for every Quarter across years and compare them against what you need to survive, let alone thrive.
The only reason they don’t is their incompetence would be visible and people would be protesting on streets for they have been robbed.
‚Statistic can be misinterpreted to suggest things are getting better‘ is not a story.
It is still horrible. Only the people at the top are doing well. Anyone who already had a home that was purchased 10-15 years ago has very little idea of the true implications of how truly bad things have gotten.
Is it the IDGAF Anymore Index?
Ok off to read the article…tough guy rant over…here’s to some good news
„“functionally indistinguishable from a recession,”
Is a funny statement
Canadas foreign population decreases for the first time in years, also, for the first time in years Canadians are doing better. But to many these two things are not related.
I prefer median household income.
Real GDP per capita still swings a lot based on commodity prices, normally oil but right now high gold prices are doing the same thing. The resource companies take those profits, not necessarily their workers.
All it took was the government not continuing to double down on obviously bad policy.
Trudeau was such a failure its crazy
NoThis should be telling for anyone who was using this metric to tell us how we were doing. If you add a temporary resident who works at Tim Hortons and I make 60,000 at my job, our GDP per capita goes down even though I’m still making 60,000. If you remove that person, our GDP per capita goes up and I still am making 60,000. In other words, the standard of living of existing residents is staying the same, in GDP terms. We didn’t add to the numerator, just removed from the denominator.
So sure, we’ll get some temporary relief for housing costs, but medium term we will see housing starts decline as costs to build are still too high. Also provincial governments will have to cut other things or watch post-secondary systems collapse due to the revenue shortfalls. Sorry r/canada, this won’t solve all our problems.
Maybe one day someone will be able to give me real life examples of why I, a simple pleb who doesnt work for a bank, should give a shit about GDP.
It can go up, it can go down, the wages stay stagnant and food is more expensive.
Lol, strip out the portion attributed to the wealthy where they have so much money, it doesn’t affect their daily decision making. Otherwise this metric is just a nice academic exercise.
Financially I’m doing a bit better this year with increased wage above inflation, but the price of groceries, especially beef is outrageous. I think a lot of us are adapting to new eating habits, spending and coping, more-so than being “happy.”
I don’t see it….