Wednesday, February 26, 2025

Does Canada need to increase the number of people who can create wealth? Look at the economy sizes of the countries like India, China who are now way ahead than Canada. Even Brazil's economy is reaching near to Canadas. It is not a good feeling if we compare Canadas economies with those economies back from 2000 till present date. Have any body ever thought of this?

Should Canada stop allowing all types of refugees and allow only people with strong educational and/or financial backgrounds who will contribute in our GDP either by working as a professional or by becoming an entrepreneur and creating employment for others?

Saturday, February 15, 2025

If the other parts of the world were really a good then it would be okay to help them. Otherwise it is high time think of ourselves  first. and yes, it would perhaps be a great idea if the same money can be diverted to solve our own country problems like creating more hospitals and to recruit and pay for more healthcare professionals so may be the wait times and related challenges while trying to meet specialists or for our emergency visits at hospitals can get better.

It was interesting to learn about a concept that the countries economy should grow according to its population growth. Now I see a point why developing countries like China, India  grow faster than developed countries like Canada.  But I think if this population growth factor is discrete and not continuous, because those who are just born even if contributed in the counties population growth still cannot contribute in the GDP growth until they turn at least 14 or even 18 years of age and start earning.  So the countries GDP growth should take into account this delayed factor and grow at a faster pace than the growing population that was before 14 or 18 years. Does this make sense? And I think that is why Canada tries to import more adult people as immigrants to correct this delayed factor to adjust and fast track the GDP growth. But it needs to be efficient by making sure that each adult person invited inside to contribute in the GDP growth should get employed and should be earning at least the average income equal to the per capita GDP of that particular place/city in which they are living. Also the immigrants and existing citizens need to feel comfortable mutually and socially so harmony exits within the growing communities. This sounds like a so interesting system and must requires tight control strategies to be designed, implemented, tested and verified and adjusted dynamically.

I moved to Canada from India to have greater opportunities for myself and for my family in terms of our present and future prospects (financial, economical, healthcare, education, and social).  I already invested lots of time and money in getting good education at reputed Canadian Universities and worked to get Canadian job experience. I still believe Canada is one of the best place to live in. (when compared to other parts of the world). Here all people are very nice, friendly and supportive. Majority are law abiding ones. Just need to have a stable and fairly paid job and then life is way much better here. Already I went through lots of uncertainties during 2008 financial crisis and Covid-19. I don't deserve any more troubles. I think we need to stay united and think of what we can do in a united manner to help Canada and US and many other rich countries to stay good friends and cooperate each other so here or there it does not create any further economical, financial or societal turbulences.

One of the problem I see is that most of the universities in Canada recruit foreign students pursuing grad school programs like masters and PhDs in the field of engineering, science and management.  Those are coming from foreign countries and are investing their money and landing up with higher paid jobs.  Whereas as local Canadian and their children are struggling for their day to day living and can never reach up to the mark in terms of financial security and stability when compared to the immigrating foreign students. This needs to change.  Canada's grad school dependencies on recruiting foreign students is kind of creating troubles to young and local Canadians. This problem can be solved by promoting more and more local Canadians to get enrolled in grad schools to pursue those programs successfully so they can also land up with more higher paid jobs. 

The prices are still up. However even when inflation is in kind of control, I am wondering how is inflation calculated. Please correct me if I am wrong. I guess when they calculate inflation they calculate it based on the difference between price of an item A in this month (September) vs last month (August).  If an item A was pricier then it means there is inflation. If same then perhaps no inflation.