Last week the media was all over the fact that BC's
unemployment rate had dropped. I am
asking why?
BEFORE we get all excited about the Unemployment news however
(the rate in British Columbia
was 4.8% in November -- down a minuscule 1/10th of one percent from October),
please note the following:
"ACTUALLY, there was NO good news in latest unemployment figures"
The increase in the number of part-time jobs was three and
a half times the number of full-time jobs (4,100 full time vs. 14,200
part-time).
More telling however was the fact that 4,200 jobs were LOST in the private sector. (see https://www2.gov.bc.ca/gov/content/data/statistics/infoline/infoline-2017/17-162-labour-force-survey)
Meantime public sector jobs (ie: government jobs) increased by 9,600. That's well over double the number of
jobs that were lost in the private sector!
It looks very much like our BC NDP Premier, John Horgan, is
taking a page from the playbook of another NDP Premier -- Rachael Notley of Alberta --- as well as Kathleen Wynne of Ontario.
AND, we all know how well that is working for them.
Let's be perfectly clear -- public sector jobs do not create the
kind of wealth that comes about from private sector jobs in technology
-- the resource industry -- manufacturing -- and the like.
As we approach the end of the month, and a final decision
on what the NDP will do with regards to the Site "C" power generation
project, I hope our BC government keeps this in mind.
IF we want to have the public services the public is
demanding, it will only come about from one thing ... revenue generated and created by new companies in the
PRIVATE sector, and NEW JOBS in the PRIVATE sector!
What thoughts do you have on the matter? The floors
yours, and I'd love to hear from you!
In Kamloops, I'm Alan Forseth.
In Kamloops, I'm Alan Forseth.
Well said, Alan.
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