A tale of two Canadas: Where you grew up affects your income in adulthood

[ajl]

In the era of financial repression it no longer is about hard work, saving and investing. It is about crony capitalism. In Canada, almost every rich person has a connection to a government policy. Public sector workers it is obvious. Many farmers have benefited greatly by the governments zero interest rate policy as it inflated assets. Having zero interest rates with huge debt levels never happen in a free market. Supply management farmers get it twice. Once from the quota ponzi and then from zero rates inflating the bubble some more.

[chuckChuck]

Perfect example is anyone can make $100k minimum and much more by becoming a certified plumber. Like shooting fish in the barrel. But that's not glamorous and would mean working longer hours.

There are opportunities for those who work hard and have been lucky enough to be born in a region where there are good jobs and access to education and training to better themselves. But you missed the point of the research that there are regions on the country where good jobs don't exist and therefore incomes are low, and often the schools are not great which doesn't allow for the next generation to go off and get the training and experience to become a plumber or any other tradesperson. There are a lot of families who can't save enough to send their kids to post secondary education especially if it is not close to their home. Therefore they are often stuck in low income occupations or unemployed . Just think of all the single parents mostly women who struggle to pay the rent and feed the kids. Affordable Post secondary opportunities don't often exist for these families. Of course there are exceptions but you have to look at the big picture and see what is holding back some of the regions. It is not about left or right politics it is about access to education, resources and opportunities to succeed.

[sofa.king]

There is way too much emphasis put on university education all the arts and science classes and psychology do nothing in the real world. The university system has become a money machine instead of a place for higher learning. I think it's time to start teaching trades in high school that is what is important to society.

[Klause]

There are opportunities for those who work hard and have been lucky enough to be born in a region where there are good jobs and access to education and training to better themselves. But you missed the point of the research that there are regions on the country where good jobs don't exist and therefore incomes are low, and often the schools are not great which doesn't allow for the next generation to go off and get the training and experience to become a plumber or any other tradesperson. There are a lot of families who can't save enough to send their kids to post secondary education especially if it is not close to their home. Therefore they are often stuck in low income occupations or unemployed . Just think of all the single parents mostly women who struggle to pay the rent and feed the kids. Affordable Post secondary opportunities don't often exist for these families. Of course there are exceptions but you have to look at the big picture and see what is holding back some of the regions. It is not about left or right politics it is about access to education, resources and opportunities to succeed.

Im from the parklands of Manitoba and was making darn near 6 figures at age 17.

You go where opportunity is. If you have the drive to.

Personal ambition is not something the state can teach. Free education doesn't help if there is no drive to succeed or to work hard.


Interesting... Dauphin Manitoba... Home of the first massively failed mincom program is one of the poorest regions in Canada... 30 years after the failed experiment.

[sofa.king]

There has to be a will to want to work not just being entitled to everything too many young people don't want to start at the bottom and work their way up. In the real world there will be rich and poor and if you don't want to be poor you will bust your ass to get ahead. Today's liberals want everyone to be equal like in school every gets a ribbon for participating so why try hard to get first place it doesn't matter.I guess it is the union mentality.

[Hamloc]

There are opportunities for those who work hard and have been lucky enough to be born in a region where there are good jobs and access to education and training to better themselves. But you missed the point of the research that there are regions on the country where good jobs don't exist and therefore incomes are low, and often the schools are not great which doesn't allow for the next generation to go off and get the training and experience to become a plumber or any other tradesperson. There are a lot of families who can't save enough to send their kids to post secondary education especially if it is not close to their home. Therefore they are often stuck in low income occupations or unemployed . Just think of all the single parents mostly women who struggle to pay the rent and feed the kids. Affordable Post secondary opportunities don't often exist for these families. Of course there are exceptions but you have to look at the big picture and see what is holding back some of the regions. It is not about left or right politics it is about access to education, resources and opportunities to succeed.

Interesting Chuck2 I had 2 truckers that still own houses in NewBrunswick but work in Alberta. They talk about the absolute lack of work and opportunity back home. 20 years ago there was good opportunities but the lumber and pulp mills have shut down. 2 types of jobs left government and fast food. Sorry to say education can't fix that. The move by the left to shut down resource extraction is trying to turn Alberta and Saskatchewan into the rest of Canada. Just my opinion!!!

[parsley]

That study only tells part of the tale
I know a lot of very successful people that came from low income family situations. But they were raised well , taught respect and told and grew up with hard work ethics. That has far more to do with a persons successful future

I agree with you.

[parsley]

There is way too much emphasis put on university education all the arts and science classes and psychology do nothing in the real world. The university system has become a money machine instead of a place for higher learning. I think it's time to start teaching trades in high school that is what is important to society.

I agree with you, sofa.

[parsley]

Im

Interesting... Dauphin Manitoba... Home of the first massively failed mincom program is one of the poorest regions in Canada... 30 years after the failed experiment.

This is true.

[bgmb]

I don't think parental wealth has much to do with success as some might think. Could be a big catalyst for a driven intelligent person though.

Having a brain, work ethic and a stable home would be the main factors I think.

Yes basic education should be available and it is. But University degrees don't fix lazy.