“ELBOWS UP!. Say it 100 times and I guess people will forget about their declining quality of life. ” – Official LPC Mantra
Ill_Progress1366 on
Ya don’t say…
Spider-King-270 on
Quick import a million more TFW!
AbundantCanada on
“None of this is inevitable, and none of it requires resentment between generations. The problem is not that older Canadians conspired against younger ones. It is that we allowed a political economy to emerge in which the costs of drift were diffuse and easy to pass along to the next generation.”
“A milestone recession can feel like a long delay, but it is not destiny. Canada still has the resources, talent, and civic inheritance to become a country where young people can build early, contribute fully, and live with confidence that adulthood will arrive in time. Their future has not been stolen. But it has been postponed. The work now is to bring it back within reach”
KoreanSamgyupsal on
You can take out the young part.
It’s stealing the future of Canadians. Period.
Hicalibre on
Yea I’ve known for the past half decade and some….
chipdanger168 on
Millenials have had it stolen from them at every turn lol
[deleted] on
[removed]
YM_4L on
This makes it sound like current economic/global turmoil is the rootcause. It’s exacerbating, for sure, but living costs relative to wages and pirchasing power have been wildly out of whack for at least a decade. Most glaringly, 10-12x housing prices to income ratio existed well before any “milestone recession”.
And to pretend the same (un)affordability ratios hit all G7 countries equally is just ignoring stats. All were impacted, but it’s been worse for Canada on average.
Larkalis on
Too many once in a lifetime economic crisis or events!!
thebatmanbeynd on
Add it to the list. How many things have we survived that were once in a lifetime or milestones right now?
We need to change who we prioritize for support in our country.
JohnDorian0506 on
Youth let the boomers decide their future by ignoring the elections. Boomers who purchased their houses when household income to housing prices was a 1 to 2 ratio in the 80s and 90s ; and now it’s 1 to 8 or more when boomers want to sell to young Canadians.
One thing has remained true in the last decade: there is a significant turnout gap between younger and older demographics. In 2011, the turnout for young voters was more than 35 percentage points lower than that for people in the 65-to-74 age group. In 2021, the gap between these age groups narrowed slightly; youth turnout was 28 percentage points lower than that for the 65-to-74 age group.
Nearby-Poetry-5060 on
The future where average homes are 20x average incomes?
Frostsorrow on
I swear this is my 100th once in a generation event as a mid 30s dude.
jimmytimmy23456 on
Boomers destroyed an entire generation
TaBioN777 on
And we will do… absolutely nothing to change! It is the Canadian way.
Crafty-Fuel-3291 on
Lets give another 40 billion to aborginal. And another 35 billion in OAS to couples earning over 165,000
King_Vrad on
During the 2008 recession, corporations used government bailouts to expand beyond reason. They have slowly been suffocating the economy since. Covid expedited that process immensely. This isn’t so much a “milestone recession” as it’s an escalation of the one we’ve been in for almost 20 years.
gummibearA1 on
Fuck the most vulnerable in society. We have a social safety net and would rather spend our money on policing , pet projects and contract delivery of crisis and intervention services.
That distracts attention from the obvious failure of the public sector to create jobs that aren’t public sector, build housing and support Healthcare and education. Cdn politicians are trash
MinimumDiligent7478 on
The obfuscation of our promissory obligations ~~A milestone recession~~ is stealing the future from young Canadians…
Jaxxs90 on
I was born in 1990, I feel I haven’t had a future since 2001 when my grade 6 teacher told us the day after 9/11 that life as we know it will never be the same.
BabadookOfEarl on
It’s not just a recession. The entire direction of business is turned against both the workers and consumers. Getting rid of jobs on one side, enshitification on the other.
A recession would be temporary. This is intended to be permanent.
5K337Lord on
first time?
moles_blybers on
Young Canadian wanted Trudeau. 10 years of Trudeau chased away billions of investment dollars.
dariusCubed on
My biggest question is how is Canada to improve in the long run when Young people can’t even get employment and build up experience?
Or are we really expecting to maintain an economy built on low skill jobs, low paying gig work employing TFWs?
Business leadership in Canada should be ashamed of themselves for not trying to invest into the future.
Odd_Secret9132 on
It’s not a milestone recession stealing the future, it’s the near half-century of flawed economic ideology that promotes looking at everything in economic terms and how it directly benefits you. We’ve created dog a eat dog society which greatly benefits people with a starting advantage and makes it increasingly hard for the majority to keep their heads above water, let alone get ahead.
Worst thing, even with the increasingly apparent issues no government seems to be willing to make even the smallest reform.
empreur on
Gen X would like a word.
CipherWeaver on
Another one?
IcyMaybe7594 on
Milestone recession? I thought Carney was saying how great things are, unemployment is lower than when he started as PM and the last guy said there was no recession either.
Lyricalvessel on
There is no future, only hope.
boyfrndDick on
I’m so desensitized at this point it’s just the normal state of things since my teen years lol
scott_c86 on
The challenges extend far beyond those of a recession though. Even if we had a strong economy, it can’t be ignored that housing costs became increasingly detached from incomes, especially over the last decade.
32 Comments
“ELBOWS UP!. Say it 100 times and I guess people will forget about their declining quality of life. ” – Official LPC Mantra
Ya don’t say…
Quick import a million more TFW!
“None of this is inevitable, and none of it requires resentment between generations. The problem is not that older Canadians conspired against younger ones. It is that we allowed a political economy to emerge in which the costs of drift were diffuse and easy to pass along to the next generation.”
“A milestone recession can feel like a long delay, but it is not destiny. Canada still has the resources, talent, and civic inheritance to become a country where young people can build early, contribute fully, and live with confidence that adulthood will arrive in time. Their future has not been stolen. But it has been postponed. The work now is to bring it back within reach”
You can take out the young part.
It’s stealing the future of Canadians. Period.
Yea I’ve known for the past half decade and some….
Millenials have had it stolen from them at every turn lol
[removed]
This makes it sound like current economic/global turmoil is the rootcause. It’s exacerbating, for sure, but living costs relative to wages and pirchasing power have been wildly out of whack for at least a decade. Most glaringly, 10-12x housing prices to income ratio existed well before any “milestone recession”.
And to pretend the same (un)affordability ratios hit all G7 countries equally is just ignoring stats. All were impacted, but it’s been worse for Canada on average.
Too many once in a lifetime economic crisis or events!!
Add it to the list. How many things have we survived that were once in a lifetime or milestones right now?
We need to change who we prioritize for support in our country.
Youth let the boomers decide their future by ignoring the elections. Boomers who purchased their houses when household income to housing prices was a 1 to 2 ratio in the 80s and 90s ; and now it’s 1 to 8 or more when boomers want to sell to young Canadians.
One thing has remained true in the last decade: there is a significant turnout gap between younger and older demographics. In 2011, the turnout for young voters was more than 35 percentage points lower than that for people in the 65-to-74 age group. In 2021, the gap between these age groups narrowed slightly; youth turnout was 28 percentage points lower than that for the 65-to-74 age group.
The future where average homes are 20x average incomes?
I swear this is my 100th once in a generation event as a mid 30s dude.
Boomers destroyed an entire generation
And we will do… absolutely nothing to change! It is the Canadian way.
Lets give another 40 billion to aborginal. And another 35 billion in OAS to couples earning over 165,000
During the 2008 recession, corporations used government bailouts to expand beyond reason. They have slowly been suffocating the economy since. Covid expedited that process immensely. This isn’t so much a “milestone recession” as it’s an escalation of the one we’ve been in for almost 20 years.
Fuck the most vulnerable in society. We have a social safety net and would rather spend our money on policing , pet projects and contract delivery of crisis and intervention services.
That distracts attention from the obvious failure of the public sector to create jobs that aren’t public sector, build housing and support Healthcare and education. Cdn politicians are trash
The obfuscation of our promissory obligations ~~A milestone recession~~ is stealing the future from young Canadians…
I was born in 1990, I feel I haven’t had a future since 2001 when my grade 6 teacher told us the day after 9/11 that life as we know it will never be the same.
It’s not just a recession. The entire direction of business is turned against both the workers and consumers. Getting rid of jobs on one side, enshitification on the other.
A recession would be temporary. This is intended to be permanent.
first time?
Young Canadian wanted Trudeau. 10 years of Trudeau chased away billions of investment dollars.
My biggest question is how is Canada to improve in the long run when Young people can’t even get employment and build up experience?
Or are we really expecting to maintain an economy built on low skill jobs, low paying gig work employing TFWs?
Business leadership in Canada should be ashamed of themselves for not trying to invest into the future.
It’s not a milestone recession stealing the future, it’s the near half-century of flawed economic ideology that promotes looking at everything in economic terms and how it directly benefits you. We’ve created dog a eat dog society which greatly benefits people with a starting advantage and makes it increasingly hard for the majority to keep their heads above water, let alone get ahead.
Worst thing, even with the increasingly apparent issues no government seems to be willing to make even the smallest reform.
Gen X would like a word.
Another one?
Milestone recession? I thought Carney was saying how great things are, unemployment is lower than when he started as PM and the last guy said there was no recession either.
There is no future, only hope.
I’m so desensitized at this point it’s just the normal state of things since my teen years lol
The challenges extend far beyond those of a recession though. Even if we had a strong economy, it can’t be ignored that housing costs became increasingly detached from incomes, especially over the last decade.