[Doctorfever]

Originally Posted by Ozy_Flame

Leave it to Maple MAGA to argue himself into a hot mess. Let me put it in crayon so you can understand:

The gap existed for a century. Chud puts a graph with the face of the guy he wants to #### as the break point. Doesn't realize the gap actually widens, as I furthered explained, that the 2014 oil crash just might have had something to do with it. In fact, it does.

But what can we expect from Maple MAGA seeing a graph with no context, and immediately blaming the PM? As per usual, a whole lot of vapid hot air.

Regardless of who posted what on whatever platform, the numbers are not good for Canada.

https://www.fraserinstitute.org/stud...oecd-2002-2060

This research bulletin examines historical and projected trends in the growth of Canada's GDP per capita, and compares these trends to those in peer countries in the OECD.
Canadians have been getting poorer relative to residents of other countries in the OECD. From 2002 to 2014, Canadian income growth as measured by GDP per capita roughly kept pace with the rest of the OECD. From 2014 to 2022, however, Canada's position declined sharply, ranking third-lowest among 30 countries for average growth over the period.
Between 2012 and 2022, Canada lost ground compared to key allies and trading partners such as the United States, United Kingdom, New Zealand, and Australia, with Canadian GDP per capita declining from 80.4% of the US level in 2012 to 72.3% in 2022.Looking forward to 2060, Canada's projected average annual growth rate for GDP per capita (0.78%) is the lowest among 30 OECD countries.
Canada's GDP per capita (after adjusting by inflation), which exceeded the OECD average by US$3,141 in 2002 and was roughly equivalent to the OECD average in 2022, is projected to fall below the OECD average by US$8,617 in 2060.
The root cause of Canada's declining long-term growth in GDP per capita—recent and projected—is very low or negative growth in labour productivity reflecting weak investment in physical and human capital per worker.

Also in this CBC article.
https://www.cbc.ca/news/politics/can...rich-1.7318989

"That gap between us and the United States is not just large today. It has been widening at a pace that we haven't seen in generations," said Trevor Tombe, a professor of economics at the University of Calgary.

Because Canada hasn't kept pace, emigration to the U.S. could start to accelerate, said Larry Schembri, a senior fellow at the Fraser Institute and a former deputy governor of the Bank of Canada.

"As that gap grows, more and more Canadians have an incentive to move to the U.S. for better economic opportunities and a higher standard of living," he said, adding doctors and tech workers may be among the first to go.

In 2002, Canadian GDP per capita was 8.6 per cent higher than the OECD average — a point of pride that meant Canada was outperforming other advanced economies.

But that changed in 2022 as Canada's GDP per capita slipped below the average, according to OECD data compiled by Schembri and the Fraser Institute.

At $46,035 US per capita, Canada ranked just below the OECD average of $46,266 US in 2022.

"I don't think we want to see a future for Canada where we lag behind all these other countries and we just get poorer and poorer over time," Beaudry said.

"We don't want to become another Argentina," he said, referring to a once-rich country that was mismanaged for decades and is now a middling economic force. "That's why we have to worry about this."

Canada has been trending downwards for a while, and are projecting to be dead last in GDP per capita amongst 30 OECD countries.