Once upon a time Canadian youth were one of the most visible backpacking travelers anywhere in the world, now they have all but vanished. In the days before the Euro was born Canadians made up a huge percentage of the youth represented among the travel crowds opening new markets like the UK, Spain, Greece, France and Morocco. When Asia was a fresh new destination for young people you would hear the distinctive Canadian accent over many others in a given crowd. These days you’ll be lucky to find a Canadian traveler of any age. We’ve been enslaved into isolation by our own governments policies of hammering our national currency , the Loon, down to below what it costs to travel abroad.
Canada’s ‘low dollar’ policy has killed off the once prolific Canadian traveler. The Canadian dollar now buys half a UK Pound…forty percent less than a Euro and it falls almost every day against the American dollar, now at a forty percent discount in just twelve months. Where I live, Bangkok Thailand, the Canadian dollar has depreciated thirty eight percent against the Thai Baht in twenty four months. Canadians are no longer able to afford to travel as they once did. Today I’m asking why? Is there a concerted effort by members of the Canadian elite bureaucracy to keep Canada’s youth at home, poor and ignorant of world affairs?
Is it a coincidence that unemployment rates for this generation, The Millenials’, is higher than any preceding generation? There are no jobs for well educated Canadian youth, and those who do find work are paid lower than in any other G8 country for the same work. Are poorer and less well traveled people easier to politically manipulate? There must be a reason. It certainly isn’t because the zero interest rate policy has made Canada poor. A recent study proved that a ZIRP policy was the main cause of a lower dollar in Canada and made no economic sense.
In fact today’s elite civil service is being paid more and compensated better than any cohort before it. Why isn’t the benefit of the ZIRP explosion in wages for the elite union members not trickling down to the youth generation? Why aren’t the #elite civil service members vacating their positions upon retiring and giving that employment to Canada’s youth? Why is it allowed that the sitting civil service member is allowed to take early retirement and collect a full pension while being allowed to contract back into their positions, accept full pay and benefits, while also receiving a second pension contribution while Canada’s young grads are suffering in poverty?
Not only are Canada’s youth living in relative poverty, but they are being disallowed the same opportunity to travel and experience the world that the senior generation had done before they blocked the way for the youth of today? These are some of the questions and queries I’ll be exploring as this article expands in scope.