00:05:25.740So someone who thinks Carney is doing a great job and if you're on the front lines and you
00:05:30.820can see the problems, you can see the decline, you can see the various things that need to be
00:05:35.720fixed in Canada. It can seem baffling that we have a prime minister pursuing all these and he still
00:05:40.540has an approval rating and 60% plus. And I asked them to consider there are large swaths of this
00:05:46.380country that never have to see the things that you're seeing. They don't go down town, so they
00:05:51.400don't see the tent cities. They're retired. All they've seen is their real estate values are going0.51
00:05:57.640up um as a result of a dysfunctional uh economy um they're not the ones looking for entry-level
00:06:04.480jobs so you'll actually see these employment reports and it'll be among the 50 plus set
00:06:08.960unemployment is going down as it skyrockets uh for youth so what younger people um are experiencing
00:06:16.800is just a complete 180 uh from what older people are experiencing in a way that's never really
00:06:24.540existed before well Tristan you pointed it out when we were kids I mean I had two summer jobs0.91
00:06:30.060there was an there was an abundance of summer jobs I worked at the beer store during the day
00:06:34.900and I worked fairly drunk as a waiter in the evenings it's neither here nor there but I was
00:06:39.860a painter and a waiter yeah there was a it was a there was a plentitude of availability come
00:06:45.560summertime and employers knew that there was going to be these students available they planned work
00:06:50.640accordingly. They plan scheduling accordingly. It offset tourism potentially. Now, you just said
00:06:57.600something that tweaked me. I was like, yeah, these are entry-level positions. We used to call them
00:07:03.720summer jobs, summer employment positions, student employment. Now we call them entry-level jobs.
00:07:12.800Yeah. Well, I guess I'm using the term to just mean low-skilled jobs.
00:07:17.380I'll be honest with you, Tristan, it comes up in the stats defined that way.
00:07:22.520So now we're looking at if you look at it statistically, and I guess I come off like a real math brain to everybody.
00:07:29.940But even to a layman like me, statistically speaking, those jobs have been amalgamated now.
00:07:37.740What was an entry level job and a summer job are now all in the same silo.
00:07:41.900Yes. So in terms of why this is happening, I'm sure everybody's just screaming at, you know, whatever device they use to get their podcast.
00:07:51.660They're yelling at it right now and saying, well, many devices.0.88
00:07:54.180Yeah, it's driven by immigration. And that's not that's I mean, everybody has had this thought.
00:08:00.600You're like, OK, the youth can't get jobs. The last five fast food places I've gone to seem to be a recent immigrant behind the counter.
00:08:07.360this seems to be driven by immigration now sometimes um you know you can get that sense
00:08:13.200and you know maybe it's not backed up by the numbers or whatever but in this case uh there's
00:08:17.660any number of serious-minded economists whether it's cibc reports or tv reports and they'll just
00:08:23.800say well look at the stats uh canada's always had well not always but ever since the harper era
00:08:29.260there's been sort of a low level of temporary foreign workers coming the temporary foreign
00:08:32.980worker program was devised as a result of you had crazy oil booms in Alberta, you know,
00:08:39.860anybody who can, you know, open both eyes, and sometimes even not was able to get a job
00:08:47.000in the oil sands, you know, starting at $25 an hour. So in that situation, you basically
00:08:52.480like a and W's and marshals and whatever multi positions, nobody could find work under any
00:08:58.860circumstances whatsoever. So essentially had them petitioning the federal government to
00:09:02.820say, well, can we bring in, you know, a student, they're here for six months, they make a higher
00:09:08.500wage, they send it home, you know, go back to, you know, it's something that's happened in Canada
00:09:13.440for 400 years. You used to bring Scots in, they'd work entry level bookkeeping at the HBC fort,
00:09:18.820and then they'd go back to Scotland with their earnings. So can we, so this is where it started.0.97
00:09:24.320And then you saw a massive explosion, not just of the temporary foreign worker program,0.80
00:09:27.940that's the one that gets all the heat, that's the one everybody hates. But I mean, if you look at
00:09:32.280charts it's like temporary migration and then right around 2021 massive spike right so a million
00:09:38.520people uh per year uh over the course of three years the highest surge in immigration certainly
00:09:44.760among any developed countries in that time period um so even compared to all the other western
00:09:51.400countries that kind of have migration issues. Canada was well...