The correct, correct answer is that we’ve become poorly educated and, as such, are no longer innovative enough to see money go anywhere other than housing. After all, housing is the place of last resort – where money goes to die. We’ve left it to die.
Yes, Canada is the “most educated nation in the world” according to the OECD, but when you look closer that is a result of us having an unusually high rate of vocational training. We are well behind the rest of the world when it comes to research-focused academia. Only the latter of the two will pull money away from housing.
Remember years ago when they told us that if you went to university you could expect a higher income? Yet, now that we have decades of outcome data from watching more and more attend post-secondary schools, we can see that incomes actually remained stagnant the whole time? That’s why. The original hope was that people would become innovative again, using university research labs to get there, which would see money fall into the hands of the innovators. But instead we chose to go to school to train to flip burgers, so where else is there for the money to go other than into housing?
The correct, correct answer is that we’ve become poorly educated and, as such, are no longer innovative enough to see money go anywhere other than housing. After all, housing is the place of last resort – where money goes to die. We’ve left it to die.
Yes, Canada is the “most educated nation in the world” according to the OECD, but when you look closer that is a result of us having an unusually high rate of vocational training. We are well behind the rest of the world when it comes to research-focused academia. Only the latter of the two will pull money away from housing.
Remember years ago when they told us that if you went to university you could expect a higher income? Yet, now that we have decades of outcome data from watching more and more attend post-secondary schools, we can see that incomes actually remained stagnant the whole time? That’s why. The original hope was that people would become innovative again, using university research labs to get there, which would see money fall into the hands of the innovators. But instead we chose to go to school to train to flip burgers, so where else is there for the money to go other than into housing?