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  1. #76
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    Quote Originally Posted by shahinc View Post
    High tech sector is doing very well lately ?? Are you sure about this deerouz jan ? What kind of high tech are you talking about ? I have friends in IT and I have friends in GPS/ INS navigation in Calgary who are telling me about massive lay offs and lack of high paying jobs.

    I also have friends in mechanical engineering and manufacturing engineering in Ontario who are telling me about lay offs and lack of high paying jobs.

    I also know few engineers who just graduated and had to wait almost 12-18 month to land their first jobs that pays them 42 k a year ... yup, ONLY 42 k.

    I also know few guys in Edmonton who are in consulting for oil and gas companies for pipelines and ... they all talk about the lay offs and canceled projects in that region due to drop of oil prices.

    I don't know what the officials numbers are from government canada but who ever I talk to you is not very happy and does not paint a rosy picture. This is why I was wondering which kind of high tech are you talking about since I know you are an engineer yourself.
    True, situation in Alberta has been going down from the economic boom of a few years ago. But the rest of the country is slowly recovering.
    By hi-tech I did not mean manufacturing. In IT, computer science and similar area finding jobs are becoming easier comparing to a few years ago, if you have the right set of skills. At least based on the number of fresh graduates that I see finding jobs immediately after graduation.

    It is not anywhere close to the hi tech boom of late 90s/2000, but I don't think we can ever see that kind of exponential growth in this sector again.

  2. #77
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    Quote Originally Posted by byebyenow View Post
    Of course the profit comes back here but not into people's pocket but into rich investors as rich gets richer and poor getting poorer.
    Not quite. The profits go back into the company's balance sheets and allow the company to expand and spend, pay higher salaries and hire more people. I have not seen any drop in hi tech wages, actually the opposite.

    No company would pay all its profits as dividend to the investors; they get richer from the stock price rise in the stock market, not directly the profits.

  3. #78
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    Quote Originally Posted by shahinc View Post
    High tech sector is doing very well lately ?? Are you sure about this deerouz jan ? What kind of high tech are you talking about ? I have friends in IT and I have friends in GPS/ INS navigation in Calgary who are telling me about massive lay offs and lack of high paying jobs.

    I also have friends in mechanical engineering and manufacturing engineering in Ontario who are telling me about lay offs and lack of high paying jobs.

    I also know few engineers who just graduated and had to wait almost 12-18 month to land their first jobs that pays them 42 k a year ... yup, ONLY 42 k.

    I also know few guys in Edmonton who are in consulting for oil and gas companies for pipelines and ... they all talk about the lay offs and canceled projects in that region due to drop of oil prices.

    I don't know what the officials numbers are from government canada but who ever I talk to you is not very happy and does not paint a rosy picture. This is why I was wondering which kind of high tech are you talking about since I know you are an engineer yourself.
    I'm hearing and seeing alot of the same. Companies are becoming more and more fearful every day here in Canada. Even the mining sector which was hyped like crazy a few years ago, is back to where it was originally. I can't believe no one called out these companies with their insane growth and development projections. If it had been a 3rd world country, we would be outraged.

    Young engineers are barely trained because everyone is afraid to use them for fear of extra costs hitting their jobs. Intermediate engineers are desperate for stability but seem to get thrown around to another company every 2-3 years. And senior engineers are held on to for life and have ridiculous workloads until they quit and leave a big mess.
    This is my experience in the civil engineering world right now.

    All they do right now is tell us everywhere else is garbage in terms of opportunity and you should move to Alberta or Saskatchewan. I tell them I'd rather live in another province and they look at me like I'm crazy. Hopefully things change.
    "He can't kick with his left foot, he can't head a ball, he can't tackle, and doesn't score many goals. Apart from that he's alright." Best on Beckham

  4. #79
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    Quote Originally Posted by footballeirani View Post
    Who runs the corporations and Wall Street? Apparently a different species closely related to humans but definitely not the people. Just the crap you read on the Internet these days.
    There are people who take every opportunity to bash business. What is a business other than people getting together to provide goods and services? This simple fact fails to penetrate the thick head of so many people.
    They can again be what they once were

  5. #80
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    Quote Originally Posted by Playboy View Post
    i thought this is a terrorist attack but evidently this is a big combination of incompetence.they haul around liquid oil with trains(strike one) and then park them overnight near population centers(strike two) and finally they 'think' they set the break on them(strike three).meanwhile the trains somehow roll down the hill and explode.3rd world unnecessary accident that's killed 100s.and they are pushing americans to agree with their oil pipeline.no thanks. http://www.huffingtonpost.co.uk/2013...ust_reloaded=1
    here is an update to this story.the final count of the dead is evidently 50 although they have not found all the bodies.they are blaming then engineer,one tom harding,for not setting the brakes properly but he is also being called a 'hero' for going back and detaching some train cars that could have made the whole thing a lot worse.all in all it's clear that since the harper regime took over canada in 2006 there have been many runaway train accidents.which is precisely why canada is not a safe place to be under harper's regime:http://www.cbc.ca/news/canada/story/...ay-trains.html

  6. #81
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    Harper "regime" "took over" Canada but Akhoonds didn't take over Iran? BTW, it is Harper, not harper and there is no country in the world called canada. If you can't even get your basic English right, it is hard to take you seriously on anything else.
    They can again be what they once were

  7. #82
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    Quote Originally Posted by deerouz View Post
    Not quite. The profits go back into the company's balance sheets and allow the company to expand and spend, pay higher salaries and hire more people. I have not seen any drop in hi tech wages, actually the opposite.
    the balance sheet supposed to pay in higher salaries and create jobs but in reality it hasn't been. More high salary jobs has been lost and much lower wage jobs has been replacing it for last five years. The companies are not spending their balance sheet because they don't see any recovery and that is the situation we are right now, no jobs and people are loosing their houses more than ever before.

    Quote Originally Posted by deerouz View Post
    No company would pay all its profits as dividend to the investors; they get richer from the stock price rise in the stock market, not directly the profits.
    And who has been making the most money out of stock market? Specially two months ago? And what are the real stories behind stock market?
    I'm not going to get into it as it really gets complicated and very time consuming to explain!
    Last edited by byebyenow; 12-07-2013 at 07:53 PM.
    Forza La Vecchia Signora

  8. #83
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    Quote Originally Posted by footballeirani View Post
    Who runs the corporations and Wall Street? Apparently a different species closely related to humans but definitely not the people. Just the crap you read on the Internet these days.
    I meant people as majority of people who struggle day to day living. Yes, top 5% are still humans and are people but clearly that was not what I was saying!
    It is always easier to mislead the point someone try to make rather than bring some decent arguments.
    Forza La Vecchia Signora

  9. #84
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    Quote Originally Posted by Flint View Post
    There are people who take every opportunity to bash business. What is a business other than people getting together to provide goods and services? This simple fact fails to penetrate the thick head of so many people.
    Bashing businesses???
    who is bashing businesses and what part of Walmart, Albertson's, CVS, ect... are doing the GREAT service to people. You know there are other businesses that are not into the magnitude of Walmart and are local businesses that are struggling to survive because of these corporations. Yes, they are giving people services they need, make people close their local businesses and make them work in your warehouse for minimum wage. Yeah that is GREAT!
    Forza La Vecchia Signora

  10. #85
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    Quote Originally Posted by byebyenow View Post
    Bashing businesses???
    who is bashing businesses and what part of Walmart, Albertson's, CVS, ect... are doing the GREAT service to people. You know there are other businesses that are not into the magnitude of Walmart and are local businesses that are struggling to survive because of these corporations. Yes, they are giving people services they need, make people close their local businesses and make them work in your warehouse for minimum wage. Yeah that is GREAT!
    Why don't YOU start a business and start with $50 an hour. Fact of the matter is, you can barely feed yourself.
    They can again be what they once were

  11. #86
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    Quote Originally Posted by Flint View Post
    Why don't YOU start a business and start with $50 an hour. Fact of the matter is, you can barely feed yourself.
    Why don't YOU quit telling people what to do and quit assuming about other people's private lives !!!
    This is just a discussion! people talk about their own opinions, it is simply not for people trying to tell others what to do and what is right !!!
    I guess I won't take you seriously anymore!
    Forza La Vecchia Signora

  12. #87
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    Quote Originally Posted by Fatso View Post
    I'm hearing and seeing alot of the same. Companies are becoming more and more fearful every day here in Canada. Even the mining sector which was hyped like crazy a few years ago, is back to where it was originally. I can't believe no one called out these companies with their insane growth and development projections. If it had been a 3rd world country, we would be outraged.
    The problem with mining companies in Canada is actually a perfect example of why this thread is retarded!!! I'm working with one right now and the amount of safety procedures that are in place and have to be followed make it extremely expensive to do work for them. This is my first time doing actual site work in a mining environment so it has been a learning experience and the price for next time will be reflecting that, But all regular contractors and vendors know that when they work with this particular company, they need to throw in another 20-30% hassle factor on their price. Over time, prices creep up and it's tough to generate profit when everything is costing you 20-30% more.

  13. #88
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    Quote Originally Posted by Bi-honar View Post
    The problem with mining companies in Canada is actually a perfect example of why this thread is retarded!!! I'm working with one right now and the amount of safety procedures that are in place and have to be followed make it extremely expensive to do work for them. This is my first time doing actual site work in a mining environment so it has been a learning experience and the price for next time will be reflecting that, But all regular contractors and vendors know that when they work with this particular company, they need to throw in another 20-30% hassle factor on their price. Over time, prices creep up and it's tough to generate profit when everything is costing you 20-30% more.
    That is my point as well ...

    We have all that regulations here that shackle our industries here , raise up the production cost while China, India, Brazil don't have any of those regulations and can do the same job for so much cheaper ... Cooperations move the contracts there and jobs follow soon after ...

    At the same time people nag and complain about environment and regulations while going to Costco and Walmart buying the Chinese products without even thinking twice to save few dollars ...
    Last edited by shahinc; 12-07-2013 at 09:56 PM.


  14. #89
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    Quote Originally Posted by Bi-honar View Post
    The problem with mining companies in Canada is actually a perfect example of why this thread is retarded!!! I'm working with one right now and the amount of safety procedures that are in place and have to be followed make it extremely expensive to do work for them. This is my first time doing actual site work in a mining environment so it has been a learning experience and the price for next time will be reflecting that, But all regular contractors and vendors know that when they work with this particular company, they need to throw in another 20-30% hassle factor on their price. Over time, prices creep up and it's tough to generate profit when everything is costing you 20-30% more.
    Well a lot of accidents happened in Canada recently which doesn't make Canadian safety procedures look good at all it simply hasn't been working. Canada is still in top ten in terms of injecting pollution and USA is second after China. In fact USA and China are the biggest one of all and India which is third is producing fifth of US pollution. Canada regulation is much like the one in USA which in fact only harms the smaller businesses while the big boys are well protected and have much influence in the regulation frame work.
    Forza La Vecchia Signora

  15. #90
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    Quote Originally Posted by shahinc View Post
    That is my point as well ...

    We have all that regulations here that shackle our industries here , raise up the production cost while China, India, Brazil don't have any of those regulations and can do the same job for so much cheaper ... Cooperations move the contracts there and jobs follow soon after ...

    At the same time people nag and complain about environment and regulations while going to Costco and Walmart buying the Chinese products without even thinking twice to save few dollars ...
    I agree with you about manufacturing in china are very polluted but the core problem lies to our corporations to deal with them in order to get better contracts and prices rather than helping local businesses that are environmental friendly to flourish and change our ways completely rather than just moving it to China which is on the same planet.
    Forza La Vecchia Signora

 

 

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