• 3 Posts
  • 32 Comments
Joined 1 year ago
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Cake day: June 14th, 2023

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  • It’s because there are numerous factors at play. Low interest rates combined with investors (some of whom are foreign), Airbnb hotels, along with record high immigration and minimal supply expansion all contribute to the problem. All play an aggravating role, but that means that there isn’t a single silver bullet to solve the problem.

    It’s frustrating to me when people argue about whether it’s a supply side issue or a demand side issue - it’s both! There aren’t enough homes for people AND it didn’t help that people had to compete with investors with below-inflation interest rates.





  • I think people are upset because the temporary foreign worker program is often used not for specialized skilled labour (like the manufacturer is claiming) but instead for low-skill, low-wage jobs to just reduce labour costs.

    I think there’s a simple way to fix the program and make it work for its original intention - set high minimum wages for temporary foreign workers (TFW) above the median Canadian income (ideally you could set this by industry and skill level, but then it’s less simple). So now your local Wendy’s isn’t choosing between hiring locally at $20/hr vs. a TFW at $15/hr, but rather hiring locally at $20/hr or a TFW at $25/hr (numbers made up). If there’s an actual shortage they’ll still have access to workers, but they’ll be incentivized to hire locally first.

    This works especially well for hiring skilled and specialized workers you can’t find in Canada - like the manufacturer is claiming. Because they’re so skilled and specialized they’ll likely already be receiving a good wage, which means that the minimum wage threshold is already being met. A rule like this would essentially keep the program available for its legitimate cases while eliminating the abuses where it’s used to save a quick buck.









  • I do think the author used a bit of hyperbole at the end there with that statement, but I can see three ways it could negatively affect pensions outside of Alberta.

    1. My understanding is that the law specifying how much a province gets if they withdraw is a bit vague. Alberta used the most possible optimistic interpretation to lay claim to over half the fund and would probably fail, but it’s not entirely impossible that they get more than they deserve (and thus shortchanges everyone else).
    2. Many of the CPP’s investments are meant to be held for long, long periods of time (like a skyscraper in Australia that earns money through charging businesses rent). If they’re forced to sell some of that in a short time period to hand Alberta a wad of cash, they might have to compromise and accept low-bids than they’d otherwise get if they could wait years to find the right buyer.
    3. This is more minor and theoretical, but many great investment opportunities only show up once you’re big enough that you can start buying private companies wholesale (this is how Warren Buffet makes most of his money). A smaller CPP will naturally have less of these investment opportunities and be forced to invest more in easily-accessible investment opportunities. Worth noting that any Alberta fund would also suffer from this same issue to a greater extent, and may be part of why existing Alberta public pension plans have under-performed relative to CPP.


  • I was actually on this panel! A few things:

    1. BC already has a few community health centers already (always pilot programs that succeeded but were never expanded).
    2. They are actually non-profits - the idea is that they can focus on hiring experts for their specific area. So for an area with lots of physical labourers the center might offer physiotherapy, while an area with drug addiction might specialize in that support.
    3. They’re super desirable to work at for family physicians. Right now in BC to be a family doctor you essentially also have to run your own business, handle payroll, handle billing MSP, etc. Vacations are a pain to take - what if a patient needs to see you? With these centers the doctors can focus more on patient care and less on administration.

    One recommendation in the report which I pushed for but only got as one sentence is to allow family doctors to supervise nurses as physician assistants and let them handle more basic care. Basically in the same way that a dentist has dental hygienists to handle cleaning or an engineering firm uses junior engineers under supervision, a doctor could use nurses to investigate symptoms and handle basic care, and then bring up items with the doctor. I know that’s initially concerning from a patient perspective (“I won’t see my doctor directly as much”) but right now a huge proportion of people in BC can’t get a doctor at all, and this seems like a more immediate way to expand care versus some of the other recommendations that will have more marginal improvements (like better document keeping methods).


  • I don’t think the Liberals want to do electoral reform unless it’s ranked ballot choice (where of course everyone’s #2 choice is the centrist Liberal candidate …) - they want to be able to govern with majorities which they’d never get under a proportional representation system.

    This is unfortunately one of the frustrating things about getting electoral reform - only the winners can change the rules that made them winners, so they don’t want to change them!