08w03:5 Life is better in Venezuela

by timothy. 0 Comments

Life After the Bubble Burst | Ken O. Burtch
“This is a strange economic time in Canada. While the unemployment rate is the lowest in many years (CTV), Statistics Canada reports that 2/3rds of aged 25-54 Canadians are underemployed or are working under substandard conditions (CTV). According Robert Wright (as discussed in my Linux Startup book), the post World War II generation has exploited both their parents and their children for material gain. During the time of the Great Depression in the 1930’s, Canadian families pumped over 1 trillion dollars into the next generation so they wouldn’t do without. The baby boomer generation, with its hedonistic world-view, retired on the money instead of reinvesting it in the future, leaving Generation X with high unemployment, unpaid education debt, lower income and higher cases of suicide. As more and more older people retire from the work force, the true damage to the Canadian economy is slowly being being unmasked. A friend of mine with a university degree who moved to Venezuela recently returned to Canada because he couldn’t find work in South America. After trying for two years to get a job which paid enough to support his family, he announced that things were worse in Canada than Venezuela. He return to Venezuela…the cost of living was cheaper there.”
// article date: 17 April 2006

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