Dave Chilton
👤 SpeakerAppearances Over Time
Podcast Appearances
No, agree.
Okay, let's move off real estate, but I really enjoyed that.
All we hear in Canada is that we're suffering through a productivity crisis and that that's affecting our growth and we're not keeping up.
It's one of the reasons why we have affordability challenges, not just on the real estate front, but on the cost of living front.
What are your thoughts on Canada's productivity challenges?
Are they overstated?
Are they properly measured?
Where are we heading there and what policies can we turn to that can help us?
Do you worry, though, that if we go that route, yes, we'll increase profitability, but we will also have some job loss, especially in the short run as we transition?
I think you're right.
I mean, I think it's almost going to be a mandatory aspect of Western civilization to look at that.
I mean, you look at the entry-level positions and the white-collar spots, they're already being challenged.
And to your point, this is just going to get better and better.
I'm like you.
I think in the short run...
with the power availability and the cost of all this, that we could have some burps, some disruptions that may not come as quickly as it's being forecasted to.
But come on, there's no doubt in the next 3, 5, 7, 10, 15 years, this is going to be a huge part of our economy.
Yes, that's a good thing.
Now, going back to productivity, do you think when we look at the way that Canada's dominated the top of most industries by only two and three and at the most four participants, that that's hurt our productivity because they're less likely to take chances and get involved in heavy R&D spending, but instead they work almost coordinatedly to keep market share, et cetera?
Do you think there's truth to that criticism?