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Originally Posted by PepsiFree
For one, I’m not sure why the suggestion that public sector jobs are somehow lesser than private sector or self-employment jobs persists. Sorry if you think otherwise, but with everything equal, a public nurse or social worker adds more value to society than a self-employed accountant or an investor at some equity firm. The latter is basically a parasite.
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It's not a matter or lesser or greater. Who is going to pay for the wages for the public sector job or do we just continue to borrow money and pay interest to do so? Who is going to grow the economy to pay for all these services that people want. I mean, why not have an economy with everybody with a public sector job?
If you're importing a million+ people every 9 months and your economy is heavily relying on public sector jobs, your citizens are likely not doing so well economically with poor productivity and your national balance sheet is also likely looking in pretty bad shape too.
The federal government is looking at forcing Canadian pensions to invest (more) in Canada. They look at the same statistics and are actively choosing not to invest here given the better opportunities elsewhere. I mean, you could but why would you want to given what you are seeing?
https://www.fraserinstitute.org/stud...e-covid-19-era
An analysis published by the Fraser Institute in 2022 broke down job-creation data from recent years to compare net job creation in the public and private sectors. That study found that nearly all net job creation from pre-pandemic levels had occurred in the public sector and that there had been minimal private sector job growth.
This bulletin updates and extends that analysis by examining job market developments at the provincial level to June 2023, comparing the rate of job creation in the public and private sectors in each province.
Net job growth in the public sector between February 2020 and June 2023 was 11.8 percent in the public sector and just 3.3 percent in the private sector (including self-employment).
In all ten provinces, the rate of job growth was faster in the public sector than in the private sector, including self-employment. In four provinces, private sector net job creation expressed in this way was negative.
The provinces vary widely in the extent of public and private sector job growth. Of the four largest provinces, British Columbia had the fastest rate of public sector job creation (22.6 percent) and the slowest rate of private sector job creation (0.3 percent), while Alberta had the lowest rate of government sector job growth (8.9 percent) and the fastest rate of private sector job growth (6.2 percent).
https://financialpost.com/news/econo...-labour-market
Public sector hiring is driving the labour market in Canada
In February, public-sector roles rose by 18,800 positions, while the private sector lost 16,400 jobs, Statistics Canada data showed. Over the past year, employment in the public sector has grown 4.7 per cent, versus 1.2 per cent in private industry.
“If you look at how the private sector’s trending, it’s sharply decelerating,” Beata Caranci, chief economist at Toronto-Dominion Bank
The federal public service has grown by 38 per cent since Prime Minister Justin Trudeau came to power in 2015, according to MEI, a Montreal-based think tank.