RBC replaces Canadian staff with foreign workers
- Thread starter djk
- Start date
I have worked with Indian programmers, fixed their code, and talked to their tech support staff. Their code is crap and I have trouble understanding their heavy accent, but they are cheap, in the short term. However, their code has to be fixed or completely rewritten, by Canadians, so not much savings in the long term. You get what you pay for.
Because Canadians did not borrow way more than they could afford to repay
Because government regulations on the banks didnt allow them to.
but I thought government intervention was bad?Some people called them bailouts. Others call them investments. I think the government bought their bank investments at fire sale prices and reaped huge profits when they liquidated their investments. If the government can take money (taxes) when times are good, then they have a responsibility to help when times are temporarily bad.
Good oneBecause government regulations on the banks didnt allow them to.
The financial services industry is one of the most heavily regulated
While I am all for less govt regulation anywhere in business, it is difficult to argue against your cause and affect example
Now back to the current RBC Issue
It is an issue because of high unemployment
If gov'ts want to solve this problem, the best way is to reduce / eliminate payroll taxes for companies for Canadian employees
The lost revenues would of coarse need to be made up via cost cutting
Hey lets stop over-compensating public sector unions !
Why in the world are we inhibiting private sector employers from hiring in order to pay teachers $83K a year and maintaining a Sunshine list a mile long
Very few things in life are absolute. I don't believe in unfettered capitalism either even though that model is very successful in Hong Kong and Singapore. The problem in Canada (and Europe) is that governments too often view corporations as instruments of social policy.but I thought government intervention was bad?
Regulating business shown and admitted to be good.Good one
The financial services industry is one of the most heavily regulated
While I am all for less govt regulation anywhere in business, it is difficult to argue against your cause and affect example
Instant non-sequitor into bashing public sector unions!Now back to the current RBC Issue
It is an issue because of high unemployment
If gov'ts want to solve this problem, the best way is to reduce / eliminate payroll taxes for companies for Canadian employees
The lost revenues would of coarse need to be made up via cost cutting
Hey lets stop over-compensating public sector unions !
RBC made $7 billion in profit in 2012.
Tax them or regulate them, and eliminate the conservative plan to undercut Canadian workers by 15% for the benefit of the few.
Eliminating the 15% under cut makes senseRegulating business shown and admitted to be good.
Instant non-sequitor into bashing public sector unions!
RBC made $7 billion in profit in 2012.
Tax them or regulate them, and eliminate the conservative plan to undercut Canadian workers by 15% for the benefit of the few.
If a Canadian is not available to fill a position , temp foreign works should be hired @ market rate ( not a union rate as that is inflated by their threat of extortion)
As mentioned earlier, the best way to decrease unemployment is to reduce all disincentives to hiring
Payroll taxes add an incremental costs to every $ paid in wages in addition to the administrative costs.
The lost govt revenue must be offset.
No sense continuing to overpaying the public sector
How much profit a company makes is irrelevant when discussing taxation policy.
Companies exist to make a profit for the benefit of their shareholders, not to fund your socialist agenda.
The banks pay payroll tax, corporate tax and are taxed on capital (I bet you do not understand a capital tax- but I bet you are all for it)
They are regulated more than any industry in Canada
They employ hundreds of thousands of Canadians & are a major driver of economic activity & a source of capital for most organizations
Toronto,Ontario & Canada benefit greatly from a strong financial services industry.
It appears RBC has pushed the limits and may have acted inappropriately wrt this program.
The gov't will act and act quickly to tighten up the rules on this program
That is no justification for nut-job lefties to think they can make further claims on & mess with the most vital sector of our economy.
Any changes to the Temp workers program must be applied in a consistent manner across all industries
Yup. funny because the majority here are okay with it if it saves them money today while stalling the economy due to the loss of viable domestic jobs as overall wages decrease.Legal services (including junior lawyers), Medical diagnostic services, accounting services, financial analysis......ANYTHING AND EVERYTHING that can be done remotely from India or China.
This is the reason why the under-30 crowd has no jobs, because everything that used to be done by new grads is now being done in India. The over-30 crowd are either working literally around the clock OR they know they could be next.
