On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American.
According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970.
A few days later, Canada and the U.S. both released the latest job figures. Canada’s unemployment rate fell, again, to 7.2 percent, and America’s was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair.
The difference grows starker by the month: The Canadian system is working; the American system is not. And it’s not just Canadians who are noticing. As Iceland considers switching to a currency other than the krona, its leaders’ primary focus of interest is the loonie -- the Canadian dollar.
Waitaminute!
While we're busy trying not to lose our shirt in the Great Recession, those
sneaky Canadians managed to get richer than us Yanks. But how did it happen?
There is serious discussion and lesson-learning to be done here, but unfortunately this article skips it all for the sake more political BS.
Now let's look at Texas (popuulation ~25.7 million). It's latest unemployment figure has dropped to 6.9% and the net worth has increased 0.9%. So clearly the Texas system is working and the Canadian system is not.
the governments reported unemployment rate is around 5.3% at present, which on the surface seems to be much lower than in Canada, but take this idiotic tidbit into account....
The Australian government classifies working 1 (ONE) hour a week as being "fully" employed and there for not counted in official employment stats.
In actual fact the unemployment rate is around 10-15% with rumours the rate is closer to 20% ... so ya save your cash mate.. If I could I'd bail on this train wreck personally... buuut I can't
for some insight, have a quick read of this news article from today:
http://www.theage.com.au/business/late-payments-not-better-for-battling-firms-20120718-229ku.html
I'm an unemployed Canadian. When my Australian friend visited Canada, he said that if unemployment was as "high" in Australia as it was in Canada, there'd be fricking riots in Australia.
Maybe I should pack my bags and move to Australia.
Percentages REALLY suck..
If you dont understand this..
Figure this out..
99 People make $1 and the boss makes $100..Whats the average?
$2..Twice as much as in reality.
IF you take an Even amount or persons off both ends..
1 and 1.. You get 98 persons at $1..Which is closer then the first.