In July, the Ottawa job market contracted by 3,000 people.
How do you do that?
And then there was last year’s $45 million operating deficit. Surely that spending would create some work. Or the highest level of the operating deficit plus capital debt in the city’s history. Still no jobs.
So basic economic theory has it that jobs should have been created. Except they were not … at a very high cost. Hard to measure the price of those non-jobs.
And remember that Ottawa 2017 was created to stimulate employment in the capital … particularly in the tourism field. Hmmm. How did that work out? About as well as all those unused camping spots in the capital for the great anniversary celebration.
Maybe shutting down the whole downtown and snarling traffic to a crawl for three days of Lizardfest (La Machine) wasn’t such a good idea at all. Some businesses need the ability to travel to make money and keep jobs humming.
And so we carry on. We could ask His Worship how all this happened but he doesn’t have the faintest idea. Economics is not his forte. What is his forte?
On the bright side, he can add up a long column of figures.
Video above: Events such as Red Bull Crashed Ice as part of Ottawa 2017 were supposed to stimulate the economy. In fact, employment in Ottawa contracted.
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