Why some millennials feel like it’s getting harder to get ahead
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- Опубліковано 21 вер 2024
- In Canada, there’s an idea that if you work hard, you'll get ahead. But at least one group is starting to feel like hard work might not be enough to move up the social status ladder. CBC News’ Stephen Cook explores whether millennials have less opportunity than their parents to get ahead.
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The cost of living has sky rocketed, meanwhile, wages across the board have stagnated.
they really havent stagnated theyve more than quadrupled, and the 'its harder on average' now is exactly true, because the average is bigger. there is a lot of immigration and weve grown as a nation 30% in 10 years. im pro immigration but it isnt just the boomers fault. you cant get a half decent job at 22$ an hour, want a big house and to feed your family while they dont work. you have to keep applying for better jobs until you get what you want, its that simple
@@InternetHandle123Huh? Wages have not "more than quadrupled". That's just blatantly false. I'm not sure if you're lying or just really poorly informed.
Wage growth has been stagnate since the 80's. Some sectors saw some wage gains in the early days of the pandemic but inflation quickly wiped those out.
Telling everyone to keep applying for better jobs is ridiculous. Everyone deserves a living wage. Whether you're working in hospitality, the trades or an office. Everyone deserves a wage that allows them thrive not just survive.
@@stratford374
@@InternetHandle123 Quadrupled since when? what industries?
@@shauncameron8390 Nope. If you work, you deserve a living wage.
Companies that can only afford to pay their workers poverty wages, don't deserve to exist. We're subsidizing those companies with our tax dollars so rich folks can steal wealth.
gee, let's see. Housing costs, child care costs, taxes, severe lack of full time work with benefits. And Millenials haven't even gotten old enough to notice that they're not saving enough for retirement yet.
When Millennials hit retirement age, it will be The Purge or Soylent Green
But I'm sure voting for Trudeau 3 times was a great idea...
If this wasn't a enough reason to leave, then there isn't a limit to what the gov't, stakeholders, and the few banks we have can get away with. Get out and get a better life somewhere before it's too late - you do not have the rest of your life to choose a better future.
@@stephen9609 you think slumlord Pierre is a better option? I don't like Trudeau but the conservatives are even worse.
@@yokiryuchan7655
LOL.
Jobs that once paid what was considered good middle class wages have been reduced to minimum wage or just slightly above. The cost of living has far exceeded inflation and many workers have seen many years with no cost of living raises and reduced benefits.
There was actually a time in Canada where the majority of Canadians worked 40 hours a week, had the weekend off and went on vacation every year while only 1 person in the household worked. You could have a home, a car in the drive way and a couple of kids and still be able to afford time off and a little get away. The companies that employed you paid into a pension, had a good health benefits so you could look after yourself and your family and they appreciated you and knew you were a big part of what made them successful.
It's hard to believe that was only 50 years ago. It's devastating to see how much all the government parties and divisions dropped the ball and ignored the problems in housing, wages, and healthcare.
I’m in the Netherlands and I would love to switch to a different career, such as furniture builder. Now I have a comfortable desk job that I hate. I can hardly find a place to rent now, let alone if I take the pay cut to switch careers to a worse paying job. I need a partner who also has a job to find a home to rent. Buying is definitely out of the question any time soon. There’s such a huge shortage in homes, and in the price class right above social housing there’s hardly anything. If something comes up that I could afford, they require I make 3 to 4 times the rent. So yeah, after graduating university I moved back in with my parents, like so many of my friends. Many couples are postponing having children because daycare might cost as much as one of the parents earns, and you can’t pay rent or a mortgage on a single income.
And instead of actually solving the problems long-term we just elected politicians who only point at scapegoats and chase wealth in the short term, and who take no responsibility for the messes they’ve created the past decades.
I'm a young Gen X (xennial), and the worst advice I ever received from older generations was to work hard and I would succeed. I just ended up being burnt out.
Hard work alone is meaningless. If you lack coin, connections, crews, clout, computer code, control, communities, and opportunities... it's over. Yer dunzoh, sunzoh. Finito. And unfortunately, those eight things can't really materialize from hard work alone. LUCK absolutely must enter the equation. No exceptions.
Amen.
@@Novastar.SaberCombat I learned some harsh life lessons along the way. I was quite naive when I graduated from university. Coming from a modest background, I had to finance my own education. As I began applying for jobs, I soon realized I was competing with graduates from more privileged backgrounds. These were individuals who never had to worry about financial constraints. Employers questioned why I hadn't engaged in extracurricular activities or pursued internships (often unpaid back in my time) during my studies. I had believed that my commitment to working through school would impress hiring managers, but instead, I was seen as lacking ambition. I couldn't compete with those kids. It was a humbling experience, to say the least.
Facts.
The lesson I learnn is to network and hack the system.
Everything today is a fight against debt
No, that's the smokescreen. We are in the midst of a spiritual war. Stay close to God. The False Prophet lives today.
Unless you're rich. Just be rich. That's the primary solution. 💪😎✌️
Hard work is rewarded with more work.
You mean higher taxes.
And the ultrawealthy buying new mansions and yachts.
Correct.
💯truth spoken.
Like a pie eating contest where the prize for winning is more pie.
Notice the intentionally vague wording in this survey - "hard work" which could mean anything. They went out of their way to avoid asking *specifically* if jobs/employment led to success. I think that's where a lot of this dissatisfaction comes from.
Cost of living is way up, but wages are not. The wealth gap only continues to grow as the owner class takes more and more from the working class. We're more productive than ever, but our wages don't reflect that.
For example, the house that I currently live in was purchased by my mother in 1998-1999, for about $150,000. Today, $150,000 is equal to $260,000. Houses on my street are selling for $500,000-600,000. Houses, at least in my area, are double what they would have been 25 years ago.
The minimum wage in Ontario in 1999 was supposedly $6.85, which is $11.85 today. So we are actually making more in that respect, but since the cost of living has outpaced the wage increases, it's not good enough. From statistics Canada, the amount of minimum wage workers in Ontario doubled from 2008-2018. Another issue with the minimum wage lagging behind is that everyone's wage lags behind, if you're in the working class. When the minimum wage raises, the people who were making just above minimum wage expect an increase as well, and the people making more than them, and so on.
Hard work doesn't cut it anymore, there is a systemic issue.
Isn’t it wild that all that happened in three generations lol
It's actually not that bad. I spend at most $700/month
@@olinafan4459 Depends where you live. It costs about $700 just to rent a bedroom in someone else's house where I am, and then you gotta add on food, your phone bill, vehicle costs if you have one, etc.
It seems to be a global issue. My parents bought this house in the early 90s for less than €400,000. Now it’s officially worth double that, but I wouldn’t be surprised if they could sell it for nearly a million. I live with my parents, because I can’t afford rent on my current wage. Many of my friends also moved back in with their parents after graduating. If there’s an affordable place to rent they require I make 3 to 4 times the rent, making most rentals unobtainable. I can’t imagine it was once possible to own a home and raise a family on a single income. Even if I live frugally, I won’t be able to do that.
The key to making it is to be born into a rich family that can help you acquire property, invest, etc.
Higher education doesn't even mean being more successful anymore. In my personal experience, I got a higher education and suddenly I was 'over qualified' or 'too inexperienced' to get hired. It's honestly one of the worst feelings I've ever gone through, that if I hadn't gone to school, I could've gotten a job and done something.
It's been like this for a while, but it's no longer what you can do or how hard you work, but who you know, that gets you a job or a promotion.
I don't really care about moving ahead in the social pyramid. Everyone should be able to have a decent life whether you are cleaning toilets or being a corporate lawyer scamming everyone.
How do you define decent? No not all occupations deserve a DECENT life. There is a bigger issue ingrained in society that is holding you back.
@@JY20014 Why don't people deserve a good life?
I hope for good lives for all honest people but I'm just saying you don't deserve it. You earn it.
@@JY20014 they do actually. Decent as in basic needs. Not fancy car, house, home cinema, holidays abroad ...
@@JY20014 or you inherit it.
The thing with the work hard rhetoric, is that my hours have generally been reduced across the board for any job I take, because employers are trying to increase the amount of employees they have to look good in one way, or increase productivity by having more work done in less time otherwise anyways or as well. The end result is I make less per month while making more per hour at less hours per month while doing more work per day.
There is no getting ahead in that, unless you can manage to juggle 3 jobs, because taking 2 is only enough to get by without falling behind badly. Sure, that's still 'working hard', but there is a limit to how hard you can work for so long before you just burn out. And recovering from that level of burn out... it's not easy. I'm still struggling from it, years later. Not as bad as it used to be for me... but still. Can barely bother to drag myself out of bed anymore for even one job, let alone two. And today's economy basically requires you to have 2 jobs and a side gig minimum.
None of this is okay, it is a crime upon humanity itself.
Also, the guy with the floral white shirt and blue hoodie with the headphones. Absolute nimrod. Just intelligent to make words, but not intelligent to understand them well enough to use different words. "Oh, I don't think there's less opportunity. Just less to go around."
That's basically the same damn thing... FFS.
As for the Gini coefficient... I'm not going to say its outright wrong, but I will say that if you look at numbers and other data, then go and compare that to the real world, and things don't seem to match up; it might be time to reassess the numbers and data.
P.S. to the 2 people who already thumbs upped this comment. Yes, I edited my comment, to tame it down. I was pretty angry about this whole situation when I first wrote this. Still am. But I realized some of my words could be mistaken in intent. So I've adjusted it and removed some of it; only for the legal sake. Doesn't mean those things won't happen. Just not being as vocal about it.
It's useless to listen to economists on this because all their data and their models are out of date. They are failing to take the temperature of the room right now.
At no point did this address the actual question of "why"
What do you think is the "why"?
Capitalism.
@@stratford374 More simply "Greed"! Those that have more want even more.
@@davidpayumo23 Justin Trudie 😂
@@thedriver8174 the rich just follow their objective interests. Almost everybody wants to have more money than they do now, the rich just have the power to do so.
We should be working towards working less.
Oh, honey, you're not going to have the option. You will work less, because more & more work forces will become obsolete. Do you know how socialism works? Because that is where we are headed.
That's your problem exactly
@jonedog2567 tell that to big tech companies replacing jobs with robots
@@jonedog2567 bootlicking doesn't pay btw, thought you should know
@@eatmyshorts2007Here's to the four day work week! May we millenials see it before we retire. It'd be a good legacy to leave behind.
Unionize your workplaces and normalize co-ops locally, regionally and globally. The bourgeoisie can’t abuse us forever.
These comments make me want to move elsewhere. As I made a big mistake coming here. You hate immigrants right?
@@marcosct86 Troll much? To characterize a pro-union stance as anti-immigrant is laughable. You know who would love fair and even opportunities for all? Immigrants.
@@CritCommanda unions are the worst for guys like me who want to enter a new market. They put quotas, "minimum" skills and experience requirements. For safety and general public wellbeing, they say. Just excuses
I agree with you about the lack of unionization in the workplace leading to some of these problems we are seeing today.
Also, I replied to say that, the reply about you hating immigrants was bizarre and non-sensical, and unrelated to your point. Any person reading the replies can see who the truly judgemental one is (marcosl86)
@@marcosct86No they don't, companies put minimum skills and experience requirements, unions often assist workers in college courses taught in house that help you get skills in the area's you are lacking. skilled trade unions the training is 100% free, federal government pays for it. lol as for public safety, those are mandated by the health and safety act. Companies are by law required to enforce those.
"Hard work will make you irreplaceable at the job you are currently doing. Making companies less likely to promote you to doing something else." - My father. (a boomer that is now retired) That is why you have to leap frog from one company to another to get ahead.
There is a interconnecting web of issues that led Canada into the mess it's in and hurdling deeper into so there will never be only one answer to help remedy it.
Wow, typical CBC -- such poor reporting.
Two of the biggest factors are: 1. Opportunities are NOT there. We are allowing too many immigrants into this country, thus making job/employment opportunities even smaller. 2. Wages in relation to cost of living. 50 + years ago the wage/cost of living gap was not as large as it is today -- plus, the availability of jobs was much more plentiful.
Also, to think that just because someone works hard means they get ahead of succeeds, is self-absorbed and misleading. Sorry to say, but just because one does something doesn't mean the outcome is in their favor or what they wanted.
Nope. The morally bankrupt corporate regime has gutted the working class protections and social media has focused the issue for us. We are now unable to ignore the inequality that we have been forced to accept. Hope is nowhere. This is a precursor to a revolution.
Which have consistently resulted in making everyone except the revolutionaries poor?
CBC, did you accidentally click "one decade from now" instead of "one day from now" in the UA-cam UI for when to publish this?
Millenials have been hurting for ages.
The harder I've worked the less I've had, it's not worth the effort anymore.
I knew I should have never had that avocado toast 5 years ago
It's impossible to get ahead and it's getting harder and harder to stay in place. The only way forwards is backwards. It's now a scorched earth retreat for everyone.
You will own nothing, and be happy is starting to take on a new meaning
was always the intent
Wealth inequality has gone DOWN since 2004?? I call total horsesh!t.
Agreed.
Wealth inequality has steadily worsened for thousands of years. The "top" one percent of 20xx make BONKLOADS more than the same "top" folks of 19xx, and so forth. It's ridiculous to suggest otherwise because it's actually some of the simplest math one could calculate. However... well, obviously, the wealthy do NOT want anyone focusing upon this fact on the daily, lol! 😂 Undermines their power, control, influences, and bottom lines. Granted, now that advanced A.I. is here, it doesn't really matter; anyone who complains will be fired and replaced with computer code. No joke.
probably means that the middle class disappearing.
What they mean is that they changed the metrics to make it look like Government policies are working.
In US, the total income of high 1% has surpassed the total income of the entire middle class. This should be similar in Canada as well. The percentage of tax paid by super rich people has been declining since 1960 as well as our average wage. So, it’s where comes our disappearing social security and welfare from. On top of it, current inflation has been led by high-income class who injected a crazy amount of money into market. So we have on one side a dwindling middle class who used to be socially and politically well aware and open, on the other side, we have super rich people who have started exerting a huge influence on our political scene for their own profits. So no more policies and politicians for the middle and lower class. Due to this structural changes, privatizing profits and socializing losses becomes a norm in our society. Hence our livelihood becomes tougher and tougher and for the youngsters, even more as they’ve started their life with financially diminished parents with less social welfare. We should feel sorry for our young people for handing them over this kind of society instead of a better one.
NAILED it. Mankind has the responsibility of having NOT taken its responsibility seriously. Globally, too. It's chewed itself away from within. #creepy #butfactual
Here's an example of income inequality. My retired landlord raised my rent by 25% making my rent 43% of my income. He told me that this raise will buy him his 5th luxury car. I haven't been able to afford a car for 15 years and I make more than the average household. I work full time and have a side hustle.
who the F ever needs 5 cars? 💀
Did your landlord increase rent by 25% at once? Most provinces to my knowledge have rent control schemes in place which limit annual rent increases. In Manitoba I think it's 2-4% per year max, unless you change tenants.
Rich gotta rich. Poor gotta poor. That's just the way it's worked for thousands of years. #cope
@@Novastar.SaberCombatyou sound like a quitter.
Your landlord will not prosper. He is probably sinking in debts, but trying to look the "Rich" part.
The wages in Canada are just a tragedy 😢, we are going to have massive social unrest in the near future if things don't improve for the better
THIS. Very near future.
It’s as though we should be preparing for how to grow old in poverty. Impossible not to feel completely deflated and hopeless.
our entire generation had our futures stolen away from us
By their boomer parents.
They dont feel. IT IS a lot harder to get ahead. Those who dont agree inherited money from their parents.
Or had the foresight and discipline to manage their money wisely.
1995-2006 was an amazing time to be alive, to grow up. We had a good run. The veil of nostalgia is wearing off, not sure what happens next.
what's interesting: when your friend who lived at home until they were 30 tells you, "You need to save up and buy a house." 🤯🥴
LOL. Most of us Gen X'ers are still trying to get ahead. It's important millennials understand, most of you will NEVER GET AHEAD. Just try to live and enjoy your life. Forget being rich and powerful and having lots of junk. It won't make you happy.
Work in a grocery store, can bairly afford groceries, good times.
why?
Yeah it definitely easier to earn more and move up the ladder these days after you import over a million people IN ONE YEAR willing to work for scraps and live 5 deep in a place for suitable for 1.
Yes it is harder to get ahead. Why bc our market based global economy grants compensation on Value Creation, not Labour. With advances in technology a greater and greater emphasis will be placed on ability of a person to create Value. Labour itself is less and less valued, primarily due to supply & demand. The compensation curve is not linear to "how hard u work". If u can create a new business that the economy values, u can greatly succeed. But compensation based on traditional blue and even white collar jobs will stagnate as long as there's a large pool of ppl that can easily replace u and the market does not place value on the labour u provide. This has nothing to do with taxes, how hard u work.
Some of the initial people interviewed here are really blind to the struggle of surviving now. I am Gen X and am preparing to save for a good newish vehicle to move into in about 10 years! I cannot afford retirement. I will not have four walls and a roof then. I cannot see making $50,000/year now or in the future. Employers now will not give you raises at the same job.
This video is focusing almost entirely on the “hard work”, meanwhile “education “ is also a very important factor. Although, when I interviewed for a job when graduating from university in the mid 1980s, I was told “A degree and 25 cents will get you a cup of coffee.”
Yup. Without coin, connections, crews, clout, computer code, control, communities, and opportunities... ya got NOTHIN'.
I found this video disappointing. There are so many factors left out and ending with no real conclusion. Ppl used to stay at one job, but had most of these jobs been one role? less responsibilities? No cell phone and emails attaching you to work 24/7...and how are spending habbits now compared to then? Not a good video imo
I knew when I was 16 (late 90's) that I would either work until I died or work until I injured myself to the point I couldn't work any more. I knew the poor were getting poorer back then and it hasn't gotten any better.
Tax the hell out of the top 5%, we should be seeing tax rates approaching the 80-90 percentiles as we climb.
Trudeau has let it slip on how he gives tax breaks to the rich. Have you ever even listened to him? The man is actually a horrible politician.
So the cbc employees 😮
Umm yeah? U think u made some big point here? Even the journalists who are in that bracket are saying that?
They already do. The top 5% of earners pay over 40% of all income taxes in Canada.
@@alanj9978 they really don't. I don't agree with the idea of forcing the rich to pay more, but that's not what happens here. Turdeau is not very smart, & he lets a lot of stuff slip with that lizard tongue of his. He is not taxing the rich like you think he is. He's more than happy to tax the homeless, though. Like that's where the money to sustain our country will come from...
Do not work for someone else. If you take a wage you are a slave.Learn how to build a smallhouse. DO NOT SUPPORT THE WEALTHY WITH YOUR WORK✌️❤️
Great advice. Sorry what's a smallhouse?
We have way too much red tape and regulation in home building. We should have been embracing the tiny house/factory built home and modular house thing but land costs, zoning and regulations make that unrealistic outside of rural areas where there are no jobs. We need to cut immigration and international students to a sustainable level. I'm not against halting it all together for a few years.
@@Brett733 Agreed! Foreigners do contribute a lot to rising costs and a reduction in the quality and quantity of local services. Immigration and foreign investment mainly caused the rise in home prices to unattainable levels for many local Canadians in cities like Vancouver, Toronto and now Calgary.
@@manifestdaily6144
All enabled and encouraged by federal government policy.
We are failing. Ugliness is coming to canada.
It’s not “some” of us, it’s 99% of us. I come from “rich” parents - and I’m still terrified. And we don’t “feel” like it’s harder - it IS HARDER.
I really like the production quality of the video. Definitely should continue this style!
I'd settle for just staying on a par with my parents. Once upon a time, they struggled and pulled themselves out of debt and secured home ownership. The idea of home ownership, never mind living with manageable debt, is completely unreachable to me and probably a solid 1/2 of the millennial generation. The _only_ way I'll ever own a house is if my parents bequeath it to me, which won't happen because I have two siblings.
All of the good-paying manufacturing jobs have been sent over to China and India, leaving us with nothing but service jobs here in Canada, and then the government brings in millions of new immigrants from India who then compete against us for those few low-paying service jobs, making life all but impossible for us now.
Working and getting nowhere. Two generations.
for every 9$ you spend you need to bring in 16$ to replace it minimum... welcome to canada
When Covid hit and we had labour shortages across the world there emerged two paths forward - automate and reduce the amount of labour needed to produce goods, or flood your country with cheap labour. Canada chose the latter and we are all paying for it.
I say this as someone who supports legal and beneficial immigration. It’s recent immigrants that are struggling the hardest to survive in this nightmare that they were told was a dream.
I feel bad for the latest generation coming out of post secondary right now. So many were given the pitch of "go to school, get in debt and get a good job". There's no more good white collared jobs left in Canada. Go learn a trade and make a tonne of money with comparably no debt. Once you have a trade under your belt you will never be out of job!
It's an exaggeration to say there are no good professional jobs left, as one working in such a field. I agree with you about learning a trade. They can make as much as me and it's very rewarding work.
Title should be "Why millennials are beginning to understand that it's harder to get ahead". It's facts not feelings CBC
As an elder millennial, the concept of getting ahead needs to stop. It only serves to drive comparison and feed anxiety. Stop complaining. Simplify your life. Want less. Take the blinders off and experience more.
I refuse to simply normalize and cognitively adapt to a constant decline in average standards of living.
That idea perished years ago!! A good career 👏 is key and a DB pension.
Simple solution though, if minimum wage is 17 or something, shouldnt we cap a maximum wage, no one should be making 60+ an hour, especially lawyers, I dont care how much harder they supposedly work or how many student loans they had to take to make them qualified. If we cant agree on a maximum wage, maybe taxing anyone in the 6 figure bracket way more drastically, and exponentially more per 50k ontop of that, so 150k a year is taxed into the ground and redistributed to the ones they treat like garbage. More subsidies for those making less than 50k, more help for those that consecutively test negative for substance abuse so we arent enabling the street addicts who should be housed in free involuntary treatment facilities like jails, which already have treatment programs within. Its pretty gross that those who abstain from addictions, work hard to the best of their ability yet can only handle basic jobs like a grocery store or a restaurant or service industry are actually treated the worst.
We should also drastically reduce the pay for politicians, theres no reason any of them should receive over 200k per year, thats disgusting, I dont know how We The People havent physically thrown them out to the streets, especially the trust fund baby leader who not only takes home 10x the average Canadian, but writes off most of his expensive to tax payers including vacations, and has a trust fund from his dad who did the same things. Anyone wondering where Canadian money is going, its going to the politicians, the "elites" that need to be jailed for stealing from their country. Unfortunately nothing seems to change in Canada anymore, other than economic disparity gets worse each year, the rich get richer and the poor get poorer.
I've thought the same. My theory would be to try something like: a CEO can't make more than 100 times (or 50 times) the pay of the lowest paid employee
The real problem is how the government mismanages tax dollars. For example, the Government of Alberta paid a dividend to residents of Alberta due to a massive oil-fuelled provincial budget surplus in 2006. Forward to 2012, the Government of Alberta spent $25 Million to rebrand the provincial logo, instead of truly adding value to the residents by upgrading roads, schools and medical services. If there were no incentives for doctors and lawyers or any profession that require further education, we wouldn't have access to those professionals.
read my avatar please.
The problem with this is that most wealth is not earned through wages, it is earned through asset inflation. By implementing this, you would just be attacking the working class.
Mass immigration hasn't exactly helped either
I am quoting Seth Godin: “you make money by solving problems for people who have money”.
I was born in ‘78 in the Netherlands. School was a bit problematic but when l became a carpenter at age 18, l knew l was making myself useful.
Being in the trades comes with its challenges, but the better you get, the more you get paid.
In 2017 l emigrated to Victoria, Canada and worked as a carpenter on a payroll for two years and then started my company‘Dutch Carpenter and Co.’.
I am finding that there is lots of work for me and when l look at my competitors l see a lot of good companies, but maybe more companies or one person shows that are slacking.
My advice: find something that suits you and be a problem solver within that.
Milennials in the U.S and those in the Canada are VERY different.
Why work hard when we will never own anything, start a family and our tax dollars go to border hopping refugees and pensioners?
You did streeters in Edmonton, which is the most affordable major city in Canada. Was that intentional?
Actually, Montreal is the most affordable major city in Canada.
Hard work isnt enough.
Theres no siginificant asset for us to buy with less than 200k or less
Stocks are a significant asset you can buy for next to nothing. My nephew invested in Nvidia in 2019 and the stock has almost 20Xed since. He now has enough money to buy a house with an almost 50% down payment if he wants but is choosing to stay in the stock market. He has never owned a car, wears cheap clothes and lives at home with his parents. Sure life is getting harder but if you are smart/frugal you can still easily get ahead.
Some professions absolutely require advanced degrees. But I would way that good social skills and connections are top on the list.
Coin, connections, clout, crews, computer code, control, communities, and opportunities. If you don't have 'em, yer basically a nothing-burger. A w0®th13$$ π0b0d¥. That's just how modern society rolls.
It's who you know, not what you know.
Less inequality.. before there was 1% super rich, 25% upper class, 25% middle class and 49% lower class and now 1% super rich, 14% upper class and 75% lower class we are starting more and more to be all equally poor!! 😃
The problem we have is what i call the "pension plan problem", the average age of the population in Canada is getting older each year, so there will be more and more people getting relaying on the pensions plans (public sector or canada pension plan or RSP or whatever), so they need to have solid dividends and growth from the economy to get money into the pot. So they are putting pressure on business to do more with less, and workers are the less . Just looks at groceries and telecommunications cie, who owns them, well most of it are mutual funds and pension plans, so this is a bit of a "screw yourself" wheel
🇨🇦 Pollievre warned us for years about INFLATION, yet the Left laughed at him. Now here we are. Thanks Liberals/NDP voters 👍 YOU voted for this!
If your parents set things up for legacy you're likely doing ok or thriving. The gap for that however has been narrowed. It's costing more to retire as well. Not much left to pass on after extended care prices, health costs and taxes
because theres so many cheating the system using legal means...
Legally cheating. There’s a new one 😂
iv been feeling really french lately.
$300 000 a year and can't pay for his own vacation. $80 000 of our money for a simple vacation and smiled in our faces. Star wars was released in 1977 and in that year was also the last public execution by guillotine. Isn't that wild. Wasn't so long ago that we were setting examples in broad day of what happens when you do enough wrong. Imagine that.
If time is money and time is all you have in this life then what are they doing to us?
Wages for average jobs have not climbed in the same way that both minimum and top wages have. The cost of living has gone up greatly in some very complicated ways. For instance, if land taxes are based on property value, and property value skyrockets, do people suddenly have the extra money to cover the difference? The economy seems to be built on a never-ending growth cycle. Unfortunately, there are many real-world limitations. We can only produce so much. There's only so much clean, easy to access water, there's only so many realistic areas to urbanize. Trying to offset GDP by population looks good on paper but only for the short term. I'm not sure which boomers have all of this wealth that they speak of. Their costs have gone up as well. I can only assume that it's only a few. I am an early millennial and do my best to not be pessimistic, but I really don't see good things coming. None of the political parties have our best interests in mind. They all lie while filling the pockets of the wealthy. If there was a way to vote for none of them due to non-confidence, that would be my vote.
Hard work alone is utterly meaningless. If you lack coin, connections, crews, clout, computer code, control, communities, and opportunities... you ain't sheet. That's just reality. Face it, own it, and accept it. #facts
Cost of housing/rent and college went waaaaay up. Salaries have stagnated
hard work is destroying the planet
That's a good point!
No mention of the great recession and how hard it was to find a job, and how low minimum wage was back then. This is so biases, just a bunch of people complaining
both my parents had lifelong jobs at places that gave them a pension (my mom 30+ years, my dad 50+ years) meanwhile i'm 39 and have had probably over 20 different jobs during my lifetime. the only way I seemed to be able to get more money was to jump jobs, companies not willing to give me a raise, so I accepted another position that paid 3000, 4000, 5000 more - sorry, it's literally just business. rent, phone, and utilities are fixed costs and as much as I may have liked what I do, when my rent goes up and I make the same, it gets hard to manage
Not just work hard, work smart!
In the 90s, during the recession, it was the same story, and btw the wages (5.05$ a hour) in the 90s were just awful.
I had to work 2 jobs to pay a small awful apartment with roommates and a car in terrible shape.
Oh, and i could eat only a meal a day, sometimes 2, that was a great day ,but hey, i survive.
The issue i constantly see nowadays is everyone wanna live alone, no roommates, which was extremely common in the 90s to have 2 even 3 roommates.
Also, i notice that people nowadays swipe that credit card like it was their own money, and most people live wayyyy above their needs.
Well, if you don't wanna sacrifice anything, you won't see any rewards.
I am a plumber, i work in construction, I make over $100, 000 a year, depends on how much time i take off and overtime. I am in a union and have my company puts $5.25/hr into my union pension account which gets invested and earns interest. There is tonne's of room for advancement, foremen make serious cash. In trades, you work hard and you get the money, gauranteed.
As long as cost of living is high and wages are low, there is no point in trying.
Look at the average cost of a unit or house in most cities and look at the average income and they do not match.
As a healthcare worker in my 30s I am planning to move to the US as my wages increase 30%.
If you want to keep public healthcare workers you need to increase wages or cut their taxes.
CBC gaslighting is crazy.
Working hard is laudable but working smart is better. There is plenty of well paying work in the construction trades right now. I think that the education system has failed young people by directing them away from the trades. As a carpenter, I make far more than the guidance counsellor at the local high school and I can ply my trade anywhere. In today's economy, one must have a trade or profession - a job that requires non transferable skills is a road to nowhere.
professor changed from a female to male voice on demand
They WON'T be able to get ahead. EVERYTHING is against them. Big box stores now dictate prices and wages on almost everything, same with big ticket items like cars and car "dealers", houses and banks/brokers. I work as a gravel truck driver and make 50% MORE per hour and per day than any "good job" I could get with all of my years of experience...and at my age, employers are looking for cheap young labour which will do as told and not as what is most effective, so they can further slash wages and squeeze out profits on margins which are so small most businesses shouldn't even remain in existence. It's all PATHETIC!!!
I have to question that Great Gatsby curve as shown in the video. The date on it is for 2013. How would that look for current day?
Likely much worse. Average person can’t buy a house now and inter generational wealth is heavily tied to buying a house
@@604h22a More than likely my friend, more than likely
yup more misleading bs from cbc using a chart from over a decade ago lmao
But yet they keep building all these homes and condos. Can someone please explain who is buying these places??!
The immigrants, with their signing bonus cheques.
Yeah just a feeling. Like when someone is trying to rob you. You just feel threatened.
'Work !?' That's so yesterday. Scam, lie, get a govt. position and double-dip.
You may not like her (I'm not sure if I do) but ironically, Chrystia Freeland actually wrote a book (Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else) on the related subject of the widening gap between the middle-class and elites.
HOUSING HOUSING HOUSING... Housing alone represents %95 of Canada's problems. We need to treat this matter as if it was WW3. The federal government should suspend all provincial and municipal governments' rights and privileges in housing decisions, and force more home-building at a speed which has never been seen before to save Canada.
well. do you get more from working hard? i'll clue you guys in. no. no you don't. you get the same wages. What you get for it is health problems. And the wages are currently geared toward an economy that is long gone, wages stagnated and prices for everything went up. It's simple maths, and we got screwed over. It's not nice or pretty, it's reality. And history is pretty clear about who did what.
Haha, what does this guy know. He's a journo. Real men can leave the labor market behind and build their own house in a friendly jurisdiction. Even city pay won't give you that with JT's taxes.
Prices and wages used to be neck and neck where you could work what is today a minimium wage job and live a comfortable life i think. If the government increased the minimium wage to where it would be neck and neck with price companies would just increase the prices. Companies dont want to pay people a living wage but what they dont understand is by not paying people a living wage their alienating current or potential customers. If you work for a company that makes a product like a phone or car and your the low man on the totem pole its unlikely you be able to buy your companies product
This a problem all across north America 🇨🇦/🇺🇸 I’m sure this is an issue world wide. Cost of living, housing etc
I wish I wasn't able to do better than my parents
They're religious nutjobs and completely broke so that's a super low bar that I surpassed long ago
Thanks Justin T. This country is going d0wn. 😢
Bruh we are broke and screwed 😢
Nope. Burn out happens real fast....😅😮😢
The reason people in the past would work for one company their hole lives until they retire is because that job probably payed them enough to live on not just survive and probably allowed you to get promoted. Today people jump from job to job is because prices are higher an most people cant get promoted unless a manager sees them going above and beyond so far as i now theres no job scale were is you work for a company for a years you get put on a list to potentialy get promoted