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Old 07-14-2006, 06:24 AM
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Default The Alberta Economy

What are your thoughts on the future ? With economists predicting a deficit of 100,000 workers in ten years, this is going to be a wild ride.

I know I'm seeing it all around me,... workers leaving jobs for better pay, all the lower paid jobs begging for workers. No way to hire out of province/country because there is no place for them to live.

Fast food going downhill rapidly........
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Old 07-14-2006, 07:16 AM
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maybe we could send you back some of your homeless that ralph bought bus tickets for. just to help out, fairs fair right?
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Old 07-14-2006, 08:00 AM
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ooooh ... bitter

We have some more laying around on the streets downtown ... what address do we send them to again ?

As to the question ... I am in the homebuilding industry and we are seeing a massive migration to the area ... the problem is we keep losing workers to the oil industry or commercial projects downtown so the cost of building a new home keeps getting pushed higher and higher to meet the salary demands of the workers in the trades
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Old 07-14-2006, 12:19 PM
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Re: fast food

I heard there's a BK near Chinook that is only open for drive thru due to not being able to hire staff. One of our office clerks just quit after a few days to go work at MacDonalds for more
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Old 07-14-2006, 12:59 PM
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I think the "minimum" wage here is somewhere around $12-14 even for kids 14 to work at McDonalds. Hotels can't rent out rooms because they cannot find anyone to clean rooms. It's pretty crazy. I have half done reno's in my house - not because I have not paid top dollar but just because they have so much work they cannot get back out to my place.
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Old 07-14-2006, 01:19 PM
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My lease is up in Oct.Depending on how high my rent gets jacked,I may leave for BC.I make good $$$$ but if Im paying it all out for rent,its better to go somewhere else.
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Old 07-14-2006, 09:24 PM
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Quote:
Originally Posted by Willow
maybe we could send you back some of your homeless that ralph bought bus tickets for. just to help out, fairs fair right?
I was so embarassed to be Albertan when that happened.

I worry about things like my rent going double of course but I think there are other things to consider. There's no question that we are in for some localized inflation pressure, when the guy making your fries makes $12/hr fries are going get more expensive.

Historically boom times has been followed by bust time. I remember working in DT Edmonton in the late ninties and seeing all that big retail space like Manulife West empty. It could happen again.
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Old 07-14-2006, 09:51 PM
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Right now my company is researching the market to re-evaluate the pay structure for all of us. They don't want to loose us to higher paying companies, so they will probably end up giving everyone raises. Which is good because I need to get a bigger house by winter.

Not all doom and gloom in Alberta. However, I do agree that we're caught up in a catch 22 with employment and housing. Hopefully the economy finds equilibrium gradually rather than a sudden crash.
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