The worst news in the budget is that B.C.’s accumulated taxpayer-supported debt is on track to exceed 34 per cent of GDP by 2027-28.....in the late fall of 2022, the net debt stood at 15 per cent of GDP.
B.C. does not enjoy a “strong” economy, if by “strong” one means an economy that reliably produces steady gains in output and real income measured on a per person basis, where the largest export industries are actively encouraged to invest and grow here, and where entrepreneurial ambition and wealth creation are championed as principal drivers of prosperity.
https://www.biv.com/news/commentary...ulnerable-just-as-a-trade-war-begins-10333061
View attachment 117315
View attachment 117316
Right now the best option (really the only option since BC residents in general aren't interested) for BC to think about creating a manufacturing sector turning out exportable products would require supporting industrial education. Employers need to be impressed with a local work force into perpetuity, not just a stable tax regime. Youths graduating should be able to safely operate a myriad of mechinal, electrical devices with proof of proficiency in finished individual projects. Measuring, forging, casting, drawing, forming, machining, milling, extrusion, cutting. Three years of four blocks of shops, English, Maths, an elective. Ready to be trained by the employer in most any fabricating or assembly.