The Victoria Economy Thread
#1001
Posted 24 February 2023 - 02:50 PM
#1002
Posted 24 February 2023 - 02:53 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#1003
Posted 24 May 2023 - 06:34 PM
Root of the labour crisis: We lied to millennials and Gen Z when we said they could be anything
It was a lie. And our ongoing labour crunch can be directly traced back to that lie.
To be fair, we may have meant that our kids could be doctors, lawyers or accountants – attainable and laudable goals for many people. And I’m not saying young people are lazy – at least not the ones I know. Plenty of young people are working hard in entry-level, low-paying jobs.
But the issue is that when we told them they could be anything, some of them heard “NHL hockey star,” “superstar video gamer” or “the next Beyoncé.” And clearly they cannot. Or at least 99.9999 per cent of them cannot.
We meant to inspire our young people, promising them that if they tried hard enough and worked hard enough, they could be anything! But rather than inspire them, we created a false notion that superstardom and unimaginable paycheques were attainable.
https://www.timescol...nything-7047201
Edited by Victoria Watcher, 24 May 2023 - 06:35 PM.
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#1004
Posted 24 May 2023 - 08:47 PM
#1006
Posted 30 June 2023 - 10:31 PM
#1007
Posted 30 June 2023 - 10:33 PM
CRA fires 20 employees, investigating hundreds more for claiming CERB while working for tax agency
Late Friday evening, a spokesperson confirmed the organization was investigating 600 of its workers it suspects 'inappropriately' received the $2,000-per-month CERB
https://nationalpost...d-at-tax-agency
In a statement late Friday evening, agency spokesperson Sylvie Branch confirmed the organization was investigating 600 of its workers it suspects “inappropriately” received the $2,000-per-month CERB “while employed with the CRA.”
She also confirmed that the agency had fired 20 of them to date, but that more are surely to come as the investigations progress.
The latest data mean that the CRA suspects up to one per cent of its 60,000 employees may have collected CERB while ineligible, a number the agency calls “very limited.”
___________________________________
As of Jan. 19, the agency had warned nearly one million Canadians that they were clawing back some or all of their COVID-19 benefits, for a total of $4.2 billion as of that date, with more to come as the CRA and Employment and Social Development Canada (ESDC) conducted more post-payment verifications.
Auditor General Karen Hogan also warned in a report in December that both departments needed to look into up to $27 billion in payments she flagged as suspicious across a dozen pandemic benefits, most notably the Canada Emergency Wage Subsidy (CEWS).
Edited by Victoria Watcher, 30 June 2023 - 10:35 PM.
#1008
Posted 17 July 2023 - 06:34 PM
We need more than words of sympathy to solve the flight out of the core.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#1009
Posted 17 July 2023 - 06:37 PM
Soviet gulags had more charm than this block of Broad Street.
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#1010
Posted 25 September 2023 - 08:30 AM
https://www.cbc.ca/n...dline-1.6975663
He said he used to purchase rubber gloves for his employees for about $10 for a pack of 100 pairs. He said he pays about $40 for 25 pairs now.
That’s some kind of inflation! They used to be 10 cents per pair. Now they are $1.60 a pair.
Edited by Victoria Watcher, 25 September 2023 - 08:34 AM.
#1011
Posted 25 September 2023 - 08:43 AM
^ I completely understand that the repayment of CEBA loans will be a hardship for many businesses but calling the Government "loan sharks" is pretty extreme.
Everyone who took the loans knew they had to be paid back and the Government has already extended the deadline twice.
Clearly what many businesses were gambling is that the loans would be forgiven.
Edited by spanky123, 25 September 2023 - 08:44 AM.
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#1012
Posted 25 September 2023 - 09:04 AM
^ I completely understand that the repayment of CEBA loans will be a hardship for many businesses but calling the Government "loan sharks" is pretty extreme.
Everyone who took the loans knew they had to be paid back and the Government has already extended the deadline twice.
Clearly what many businesses were gambling is that the loans would be forgiven.
I think many businesses have paid already, many more are ready and able to pay but some may even take this low interest loan... Probably cannot get lower. Free money from a loan shark?
#1013
Posted 25 September 2023 - 09:10 AM
I think many businesses have paid already, many more are ready and able to pay but some may even take this low interest loan... Probably cannot get lower. Free money from a loan shark?
20% of businesses have repaid but I suspect that those were the ones that never needed the money but took it for the free $20K. I know lots of people who fit into that category.
If you listen to the small business, restaurant and tourism lobbies you get a different story. Up to 80% of their members are not in a financial position to repay the loans (even the $40K amount).
#1014
Posted 25 September 2023 - 11:07 AM
What about that glove price?
800% inflation.
Edited by Victoria Watcher, 25 September 2023 - 11:08 AM.
#1015
Posted 25 September 2023 - 11:31 AM
20% of businesses have repaid but I suspect that those were the ones that never needed the money but took it for the free $20K. I know lots of people who fit into that category.
If you listen to the small business, restaurant and tourism lobbies you get a different story. Up to 80% of their members are not in a financial position to repay the loans (even the $40K amount).
Ah I have... The 21% repaid was as of May according to one article, another says 18% as of this month.. Weird.... Businesses that can do it have no reason to pay it early that's for sure. It's gotta be more now and more by the time February rolls around. Like I said though many might take the low interest loan even if they can pay it back.
What is the alternative? Let them off? And the ones who paid? Give it back? There have been a number of businesses who have opened since these payments. Do they get $60k too?
Edited by Ismo07, 25 September 2023 - 11:39 AM.
#1016
Posted 25 September 2023 - 11:37 AM
I think they should just print three trillion and give us all $100k to spend however we like. They are throwing billions around anyway.
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#1017
Posted 25 September 2023 - 11:46 AM
I'd be OK just to get the money the health care system is saving on me since I almost never access it.
#1018
Posted 25 September 2023 - 11:50 AM
Businesses fear they'll have to borrow more to repay government-backed pandemic loans
https://www.cbc.ca/n...dline-1.6975663
He said he used to purchase rubber gloves for his employees for about $10 for a pack of 100 pairs. He said he pays about $40 for 25 pairs now.
That’s some kind of inflation! They used to be 10 cents per pair. Now they are $1.60 a pair.
Disposable nitrile gloves went from a nickel to a quarter, each. Not per pair, each glove. They’ve settled down to about 15 cents per, which is still just wild.
Edited by Matt R., 25 September 2023 - 11:51 AM.
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#1019
Posted 27 September 2023 - 06:46 PM
#1020
Posted 18 October 2023 - 12:07 PM
www dot dailyhive dot com/vancouver/bc-employers-wages-postings
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