Hub Podcasts Generational inequality and the West Coast pipeline
Oct 10, 2025
Rudyard and Sean dive into the latest employment data highlighting the stark youth unemployment crisis in Canada. They discuss how generational inequalities shape economic outlooks and amplify political tensions. The duo also explores the implications of Alberta's proposed West Coast pipeline and the need for improved energy infrastructure. They emphasize that diversifying Canada's pipeline strategies could better connect to global markets and potentially uplift oil prices. Tune in for thought-provoking insights on today's economic dynamics!
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Generational Split In Economic Outcomes
- Statistics Canada shows a sharp generational split: older Canadians fare better while youth face much higher unemployment.
- Sean Speer highlights youth unemployment near 14–15% as a defining economic and political risk.
K-Shaped Recovery Widens Inequality
- Rudyard Griffiths describes a 'K-shaped' economy where asset owners gain while younger workers lose out.
- He links asset appreciation (stocks, housing) to widening generational inequality and limited asset accumulation for youth.
Economic Pain Fuels Political Agitation
- Sean warns that economic insecurity among youth amplifies cultural and political agitation.
- He argues slowing growth and stagnant wages shift focus to immigration and identity issues, fueling social tensions.