Quote:
Originally Posted by Ozy_Flame
I don't like quoting the Calgary Sun, but the last bit of this article is poignant of the potential Brain Drain in Alberta - not just physicians:
A fresh wave of layoffs is pushing Albertans to the edge — and in danger of losing their homes
As the downturn in Alberta’s energy sector has dragged on, professionals have become more open to permanently leaving the oil and gas business, accepting lower paying jobs in other industries, further weakening the province’s housing market.
Now, she said, a growing number of her clients are also looking to permanently leave Alberta as they look for work, potentially causing a “brain drain” in Alberta. Net migration into the province dropped a staggering 116.8 per cent by the second quarter, compared to the same period last year.
“We’re seeing this domino effect that’s going to impact the job market. You’re going to see more people leaving Calgary. I think it’s going to apply to younger people and younger professionals, too.” |
Does this actually surprise anyone? It's pretty clear that not only the Canadian government is trying to put a stop to oil and gas development, but also governments all over the world. Finance in the industry will be limited going forward thanks to things like ESG, pressure from the UN and every other group out there... and also the World Economic Forum touting the "Great Reset".... oil and gas won't win this fight, and Alberta will slowly fade from prominence as the government slows down the industry to operate like a utility, with little to no growth. The writing is on the wall.