Canadians now richer than Americans

For the first time ever

www.usnews.com/news/articles/2012/07/18/for-the-first-time-canadians-now-richer-than-americans

"The Canadian system is working," Marche writes, crediting Canada's cautious, fiscally conservative society. "[T]he American system is not."

The war with Canada will have to start sooner than expected

And yet we still pay more for our stuff.

Not only richer but live in a much more nicer and peaceful society. Canada is one of the few last lights shining in the darkness. So far the country has held up amazingly well given the circumstances of the past few years. They must be doing something right

Not only richer but live in a much more nicer and peaceful society. Canada is one of the few last lights shining in the darkness. So far the country has held up amazingly well given the circumstances of the past few years. They must be doing something right

SuperKaio-ken

They have a bit under 35 million people. That really helps averages having that few people over that much resource abundant land. Compared that to the over 300 million in the USA.

The recession hit the USA much harder than Canada too. America's industrial base is gone. It used to be the backbone of the economy which propelled the standard of living higher than any nation. That's been whittled away since the 80s, slowing economic growth with it. The wealth doesn't spread like it once did becuase the demand for those jobs has been greatly reduced. That is a major problem with no immidiate solution.

Not only richer but live in a much more nicer and peaceful society. Canada is one of the few last lights shining in the darkness. So far the country has held up amazingly well given the circumstances of the past few years. They must be doing something right

SuperKaio-ken

That's nice.

The average wage except for the top 1% hasn't changed for 30 years.

I blame conservatives tbh.

[QUOTE="SuperKaio-ken"]

Not only richer but live in a much more nicer and peaceful society. Canada is one of the few last lights shining in the darkness. So far the country has held up amazingly well given the circumstances of the past few years. They must be doing something right

Wasdie

They have a bit under 35 million people. That really helps averages having that few people over that much resource abundant land. Compared that to the over 300 million in the USA.

The recession hit the USA much harder than Canada too. America's industrial base is gone. It used to be the backbone of our economy which propelled the standard of living higher than any nation. That's been whittled away since the 80s, slowing economic growth with it. The wealth doesn't spread like it once did which is a problem.

It's all that syrup. Stuff is like liquid gold.

It's all that syrup. Stuff is like liquid gold.

sonicare

The average wage except for the top 1% hasn't changed for 30 years.

I blame conservatives tbh.

TopTierHustler

Ok. And it's more expensive to live in Canada.......so it evens out.LJS9502_basic

Aljosa +1 MrPraline

[QUOTE="MrPraline"]Aljosa +1 kingkong0124

[QUOTE="MrPraline"]Aljosa +1 kingkong0124

[QUOTE="kingkong0124"][QUOTE="MrPraline"]Aljosa +1 wii60_3

The average wage except for the top 1% hasn't changed for 30 years.

I blame conservatives tbh.

TopTierHustler

No, it has increased, it just increases along side of inflation so nobody is better off.

However, you can't blame it on conservatives alone. In fact, no one politican or political group can be blamed. The blame lies with the consumerism of our society and the rise of free trade. Between free trade and our constant demand for cheaper goods, companies have found that outsourcing labor dramatically brings the cost of goods down yet increases profit margins. Thus they ship off the industrial and manufacturing jobs here in the USA. This brings the price down for consumer goods. Adversely, this forces companies in the USA to find ways to bring their prices down to stay competitive. The result is lower wages or increased outsourcing as they just cannot compete.

Unless you want to end free trade (which neither liberals or conservatives wnat to do), there isn't an easily solution to this problem. Taxing corporations more won't magically bring those jobs back unless you only tax those who outsource (end free trade).

As I said before, the USA saw it's backbone get shipped overseas since the late 80s with the rise of free trade. Unregulated banks (deregulation has occured in both conservative and liberal held governments) have been able to flood the market with extremely low interest bank and flood people's pockets with loaned money to give the illusion that people are better off. That's why today everybody is swimming in debt.

That is an easier fix, but the bankers have such a tight hold on washington on both parties that change there won't happen in a long time.

I know which side of the border I'll be jumping

[QUOTE="TopTierHustler"]

The average wage except for the top 1% hasn't changed for 30 years.

I blame conservatives tbh.

Wasdie

No, it has increased, it just increases along side of inflation so nobody is better off.

However, you can't blame it on conservatives alone. In fact, no one politican or political group can be blamed. The blame lies with the consumerism of our society and the rise of free trade. Between free trade and our constant demand for cheaper goods, companies have found that outsourcing labor dramatically brings the cost of goods down yet increases profit margins. Thus they ship off the industrial and manufacturing jobs here in the USA. This brings the price down for consumer goods. Adversely, this forces companies in the USA to find ways to bring their prices down to stay competitive. The result is lower wages or increased outsourcing as they just cannot compete.

Unless you want to end free trade (which neither liberals or conservatives wnat to do), there isn't an easily solution to this problem. Taxing corporations more won't magically bring those jobs back unless you only tax those who outsource (end free trade).

As I said before, the USA saw it's backbone get shipped overseas since the late 80s with the rise of free trade. Unregulated banks (deregulation has occured in both conservative and liberal held governments) have been able to flood the market with extremely low interest bank and flood people's pockets with loaned money to give the illusion that people are better off. That's why today everybody is swimming in debt.

That is an easier fix, but the bankers have such a tight hold on washington on both parties that change there won't happen in a long time.

Stop buying cheap chinese crap, buy american....

discourage outsourcing.

Gut the banks and largely get rid of the credit system.

So basically the solution sounds like;

Stop buying cheap chinese crap, buy american....

discourage outsourcing.

Gut the banks and largely get rid of the credit system.

TopTierHustler

If only it were that easy. It's also not a lie to say the corporations do use the government to make sure Americans keep up the consumer mentality. It's not a sustainable system and it's already starting to fall apart peice by peice. We can just hope it doesn't completely crash.

What we need to do is educate people as to why we have less labor jobs here and CEOs can get so rich. Both political parties would blame it on the other, but the reality isn't so black and white.

[QUOTE="wii60_3"][QUOTE="kingkong0124"] doesn't he live in Toronto? AKA worst part of Canada? kingkong0124

[QUOTE="kingkong0124"][QUOTE="MrPraline"]Aljosa +1 wii60_3

Yeah, but they still have milk in bags.

Yeah, but they still have milk in bags.

entropyecho

[QUOTE="LJS9502_basic"]Ok. And it's more expensive to live in Canada.......so it evens out.kingkong0124

Scotia Bank: You're richer than you think

That's nice. We live within 20 minutes of the Canadian border. We can always visit our rich neighbor.

That's nice. We live within 20 minutes of the Canadian border. We can always visit our rich neighbor.

jun_aka_pekto

those damn Canadians