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By A Smith (anonymous) | Posted October 31, 2008 at 17:42:49
Richard, China's per capita income is approximately $2900 US, while Canada's is $37,400, even after the recent drop in our currency.
China also has more concentrated wealth than Canada does, which means that hundreds of millions of Chinese citizens still earn less than $1000 US a year.
For these people, having the opportunity to have a job, even if it is a bad job by Canadian standards is better than working on the farm.
Furthermore, I believe that trade promotes economic interdependence.
Where some may see this as a bad thing, it probably cuts down on the risk of blowing each other up. When nations rely on one another for the health of their economies, it makes sense to try and get along.
If the question is how to bring back good paying jobs for the average worker, I think one must look to the past. Like I said in my previous post, people tend to get out of life what they put in.
Therefore, if average Canadians want greater opportunities, they must first pay the price. One way to do this is to pay more in taxes. Why would anyone voluntarily pay more in taxes? Because by doing so, you plant the seed for wealth coming back to you.
Call it karma, or reaping what you sow, the laws of the universe do not budge on this point. If you want to get more out of life, you must first pay the price. Therefore, if the average Canadian wants a return to better times, they must contribute like they used to.
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