Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

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sdifox

No Lifer
Sep 30, 2005
97,032
16,250
126
Red has a millstone around his neck.
https://www2.deloitte.com/content/d...c-sector/ca-en-public-sector-productivity.PDF

In the early 1980s, Canada’s productivity was
comparable to the United States. In 2011, Canada’s output
per worker was only 78.3% that of the U.S. Compared to
other countries, Canada also fares badly, with our labour
productivity growth lower than that of top countries for
many decades, hurting our international competitiveness.


Let me translate that for you. Canadian workers are less exploited than workers from other countries.
 

Maxima1

Diamond Member
Jan 15, 2013
3,538
759
146
Let me translate that for you. Canadian workers are less exploited than workers from other countries.

Then you should see that with compensation, housing, etc., but the educated class doesn't have it as good here.



Freeland’s budget warned if nothing changes, Canada will have the lowest productivity — defined as annual growth in real GDP per capita — from now until 2060 among the 38 developed nations belonging to the Organization for Economic Co-operation and Development.

That means Canada will perform the worst economically of all of our major competitors, including every other member of the G-7 — the U.S., U.K., Germany, Japan, France and Italy.
 

sdifox

No Lifer
Sep 30, 2005
97,032
16,250
126
Then you should see that with compensation, housing, etc., but the educated class doesn't have it as good here.



Freeland’s budget warned if nothing changes, Canada will have the lowest productivity — defined as annual growth in real GDP per capita — from now until 2060 among the 38 developed nations belonging to the Organization for Economic Co-operation and Development.

That means Canada will perform the worst economically of all of our major competitors, including every other member of the G-7 — the U.S., U.K., Germany, Japan, France and Italy.

Financial post and Toronto Sun are both part of Postmedia, owned by same parent company as American Media Inc. You know, the one Bezos accused of dick pics extortion?

 
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Maxima1

Diamond Member
Jan 15, 2013
3,538
759
146
Is Canada poor? Have a lot of homeless people? Not a happy people?

Financial post and Toronto Sun are both part of Postmedia, owned by same parent company as American Media Inc. You know, the one Bezos accused of dick pics extortion?


Edit: The article is about an OECD report projecting low productivity gains for years to come.

Canadians have to make do with less because their worker productivity is lower. They may fill the holes better, but overall the living standard is poorer.

Average monthly rent in Canada tops $2,000 for first time in September


Minimum-Wage-Map-2021_EN-1.png


People complain about $7.50 an hour when rent is significantly less than half of that.

This seems accurate from what I've seen.


Guess who pays higher wages? U.S. employers pay workers US$23 per hour, Switzerland US$33 (with 30 hour work weeks), Ireland US$26 and Canada, with the lowest productivity, a measly US$19 per hour. So labour productivity really matters to Canadian pocketbooks.

As reported in the Wall Street Journal this week, tech giants have come to Toronto to hire 230,000 workers. But they only pay US$74,000 for Canadian engineers and programmers who are very well-trained by our well-subsidized education system. In contrast, tech giants pay US$114,000 in Chicago and US$125,000 in Austin, Texas, for example.

Canada’s highest incomes come from capital-intensive industries where GDP per working hour is greatest. Surprisingly, incomes are disappointingly low from scientific research and development or computer design services (about $50 per hour).
 
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Heartbreaker

Diamond Member
Apr 3, 2006
4,340
5,464
136
Then you should see that with compensation, housing, etc., but the educated class doesn't have it as good here.


Everything you post seems to be about the same thing. Sell more Oil. This isn't what Canada should bet the future on.

Unfortunately, global warming is real, and CO2 intensive Alberta crude is just becoming less desirable over time.

The death of Keystone XL (killed by the USA) was another major blow for oil sands investment.

Canada's future isn't as an Oil Economy.
 
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Maxima1

Diamond Member
Jan 15, 2013
3,538
759
146
Everything you post seems to be about the same thing. Sell more Oil. This isn't what Canada should bet the future on.

Unfortunately, global warming is real, and CO2 intensive Alberta crude is just becoming less desirable over time.

The death of Keystone XL (killed by the USA) was another major blow for oil sands investment.

Canada's future isn't as an Oil Economy.

That doesn't explain it. While I'm sure the oil sands have a bit less EROI than the oil here, Canada produces more in oil, gas and mining sector per person. From Deloitte:

Deconstructing Canada’s
productivity performance
Regardless of size, sector, business type or location,
our productivity performance lags the U.S. in virtually
every instance.
 

Heartbreaker

Diamond Member
Apr 3, 2006
4,340
5,464
136
That doesn't explain it. While I'm sure the oil sands have a bit less EROI than the oil here, Canada produces more in oil, gas and mining sector per person. From Deloitte:

The Tar Sands Oil is expensive to extract, hard to get anywhere to sell it, and it sells for less.

Look up the selling price difference between Western Canada Select, and West Texas Intermediate.
 
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sdifox

No Lifer
Sep 30, 2005
97,032
16,250
126
Edit: The article is about an OECD report projecting low productivity gains for years to come.

Canadians have to make do with less because their worker productivity is lower. They may fill the holes better, but overall the living standard is poorer.

Average monthly rent in Canada tops $2,000 for first time in September


Minimum-Wage-Map-2021_EN-1.png


People complain about $7.50 an hour when rent is significantly less than half of that.

This seems accurate from what I've seen.


Guess who pays higher wages? U.S. employers pay workers US$23 per hour, Switzerland US$33 (with 30 hour work weeks), Ireland US$26 and Canada, with the lowest productivity, a measly US$19 per hour. So labour productivity really matters to Canadian pocketbooks.

As reported in the Wall Street Journal this week, tech giants have come to Toronto to hire 230,000 workers. But they only pay US$74,000 for Canadian engineers and programmers who are very well-trained by our well-subsidized education system. In contrast, tech giants pay US$114,000 in Chicago and US$125,000 in Austin, Texas, for example.

Canada’s highest incomes come from capital-intensive industries where GDP per working hour is greatest. Surprisingly, incomes are disappointingly low from scientific research and development or computer design services (about $50 per hour).


ah yes, deregulation is always the answer.
 
Mar 11, 2004
23,287
5,725
146
Elon told investors that he planned to cut 75% of Twitter’s workforce.


That's always been my assumption of what Musk planned. While some were concerned that Musk wanted to turn it into a safe space for psychopaths like Turmp, I think its more he wanted to gut it and turn it into basically just the official PR platform for businesses. I think he views cutting Twitter as addressing the "woke mob", but thought he could make money from it since he's basically been using it as his companies' PR. I think he grossly overestimates how lucrative that will be, especially if he removes all moderation. Then again maybe he planned to make people only able to even post if they paid, thinking that would magically resolve issues.
 

cytg111

Lifer
Mar 17, 2008
24,030
13,539
136
I dont get it. Technically Twitter is like a 240 character limited sms. Its super low tech, any self respecting nerd can code one just like it in his moms basement.
Its only what it is cause history, virally concepts and collective acceptance of rules and management.
Now Elon will fuck that up.
Everyone will leave and join Titter2 instead.
You think Zuckerberg is disliked? Wait for it Elon.
Roganitis is a hell of a drug. You fucking moron.
 

pmv

Lifer
May 30, 2008
13,675
8,579
136
Let me translate that for you. Canadian workers are less exploited than workers from other countries.

At least as far as this country is concerned (I don't know about Canada), I don't think low productivity is a reflection of a lower-level of exploitation, so much as a symptom of lack-of-investment - in technology, education or infrastructure. Plus a culture of poor-management and too much short-term thinking. Can also perhaps indicate an over-reliance on extractive industries (i.e. a high level of exploitation of nature).

You can have a high level of exploitation along with low-productivity, or vise-versa, the two aren't necessarily related.
 

sdifox

No Lifer
Sep 30, 2005
97,032
16,250
126
At least as far as this country is concerned (I don't know about Canada), I don't think low productivity is a reflection of a lower-level of exploitation, so much as a symptom of lack-of-investment - in technology, education or infrastructure. Plus a culture of poor-management and too much short-term thinking. Can also perhaps indicate an over-reliance on extractive industries (i.e. a high level of exploitation of nature).

You can have a high level of exploitation along with low-productivity, or vise-versa, the two aren't necessarily related.


Canada is mostly a resource exploitation country. There is a thriving gaming industry, same with film and service industry.
 
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woolfe9998

Lifer
Apr 8, 2013
16,189
14,114
136
Man, I don't know about Musk.


The dude just bottled a fragrance that smells like "burnt hair" and sold it, limited edition, 30,000 units only, for $100 apiece. Yes, it was styled as a joke, but why again does someone with Musk's wealth need a transfer of $3,000,000 from mentally challenged people to himself?

I swear, anyone with money can make money with no effort. It's like once you've got a certain amount, you may as well own a monetary printing press.
 

cytg111

Lifer
Mar 17, 2008
24,030
13,539
136
Man, I don't know about Musk.


The dude just bottled a fragrance that smells like "burnt hair" and sold it, limited edition, 30,000 units only, for $100 apiece. Yes, it was styled as a joke, but why again does someone with Musk's wealth need a transfer of $3,000,000 from mentally challenged people to himself?

I swear, anyone with money can make money with no effort. It's like once you've got a certain amount, you may as well own a printing press.

Cause it makes him look cool and subject of conversation at Club Rogan.
Yes. I believe its that simple. Elon is a child when it comes to these things.
 

woolfe9998

Lifer
Apr 8, 2013
16,189
14,114
136
Cause it makes him look cool and subject of conversation at Club Rogan.
Yes. I believe its that simple. Elon is a child when it comes to these things.

Yeah, pretty much. Say, what happened to that huge Mars mission? Might be a good idea for Musk to be on it himself...
 
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