Comments by "alex smith" (@alexsmith-ob3lu) on "Economics Explained" channel.

Not surprised by what you say. Canadian banks did a recent study on high immigration levels and found that high immigration is not driving economic development. 85% of new jobs are taken by native born Canadians or immigrants who have been living in Canada for more than 10+ years. A lot of newcomers are either under employed or unemployed. Things will only get worse as the Canadian economy has been constantly shrinking since 2020.
8
25 year old Canadian here (working in the skilled trades) and you missed some major pieces of evidence in this video. The vast majority of immigrants coming into Canada cannot find work in their field of study and have to take on unskilled, menial work. This can be seen with the fact that 85% of new jobs are taken by native born Canadians or immigrants who have been living in Canada for well over 10+ years. Major banks in Canada (BMO, TD, Scotia etc.) did a study on this and found that high levels of immigration is not helping anyone.
4
We prioritize new construction over maintenance. We need to return back to an incremental approach to how we build things. Check out strong towns.
2
@sanjaykumarsingh1970 Canada has the highest educated taxi drivers in the world. Many recently arrived immigrants who were medical specialists, doctors, nurses etc. back in their home countries, end up working as taxi drivers in Canada because their skills and experience cannot be transferred over.
2
@artysanmobile "Strong Towns" is a non-profit organization founded by a former civil engineer named Chuck Marohn. He founded "Strong Towns" because he became increasingly concerned over financial insolvency of car dependent suburbia that is pushed and promoted by the Traffic Engineering profession and the Feds. Our dependency on sprawling auto-oriented suburbs is bankrupting every American because we cannot afford to pay for all the excess parking lots, strip malls, street-road hybrids etc. When you sprawl everything out over vast miles of land; you decrease the tax base and increase the amount of liabilities you are obligated to service. Every American city/county is going to be Detroit in the coming decades.
2
Housing in big cities are really, really expensive. Same can be said with rent as well. Rent is crazy high in Toronto and Vancouver. The only places that have cheap housing in Canada are in small towns with less than 100k people. Only issue is that there are no jobs in these places, so its tough choices for everyone.
2
Brain drain is a waste of talent. Canada has the most highly educated taxi drivers in the world, because Canada takes away what little medical professionals the third world countries have. Educational standards are also not the same. Likewise, a doctor from Egypt went through a sub-standard medical education and cannot be a doctor straight away in Germany, where medical standards are higher. All you’re doing is depriving other countries of their professionals and not giving locals the opportunity to pursue a career they desire in their homeland! Another good example of the failures of globalization is the USA. America did not build up its techno-industrial wealth from importing cheap stuff. The American Empire imposed high tariffs and high taxes to punish behaviour that did not serve the interests of the USA. This created local innovation and economic growth that drove the U.S into a powerful nation. The end of WW2 is where all the problems started for America and every other country.
1
@davidgates1122 We have a transportation monopoly here in the USA, so those companies can basically do whatever they want without having to worry too much about competition.
1
Strong Towns 40:1 ratio of private to public investments. It is not always about the initial up front cost, but rather, the financial productivity to maintain such multi-billion dollar investments.
1
@NAUM_Projects Strong Towns
1
Your argument makes no sense at all. A young professional can easily sponsor their entire family over to the new country without much trouble. Especially here in the USA, where it is easy to put your entire family on welfare. University education is also overrated these days. All these so called “highly educated people” are snobs who study the same concepts, same theory and same skill sets; which makes you no different from every other university graduate. The rate of innovations, research and development is rapidly slowing down because nobody has any sense of creativity.
1
@GazalKwatra Most of these well educated professionals remain under employed in Canada for the rest of their time spent here. Most Canadian taxi drivers are medical doctors/nurses who can never transfer their skills and experience over. You'll also find many auto body technicians with engineering degrees but cannot work as engineers in Canada because of economic limitations.
1
You guys at DOT do a terrible job in maintaining America infrastructure. We keep building new roads while older roads simply fall apart. Meanwhile traffic gets worse because public transit is basically non-existent. We need to return back to 1920s era of incremental development.
1
Strong Towns recommends a private to public investment of 40:1 ratio in order to maintain such massive infrastructures.
1