I didn't know that the BOC governor is a cheapskate

[canada-man]

OTTAWA -- Advocates for young workers took Stephen Poloz to task Tuesday after the Bank of Canada governor recommended that jobless university graduates beef up their resumes by working for free.
Speaking to a House of Commons committee, Poloz suggested young Canadians and others struggling to find work should acquire more experience through unpaid internships or volunteering until the country's hobbled job market picks up. He predicted it would improve over the next two years.
Poloz told the committee that when a young person asks for advice on getting through the tough times, he says, "'Volunteer to do something which is at least somewhere related to your expertise so that it's clear that you are gaining some learning experience during that period."'



The central banker made the remarks a day after he told a Toronto business audience that 200,000 young Canadians are out of work, underemployed or back in school trying to improve their job prospects.
"I bet almost everyone in this room knows at least one family with adult children living in the basement," he said in the prepared speech he delivered Monday.
"I'm pretty sure these kids have not taken early retirement."
Later that same day, he elaborated.
"Get some real-life experience even though you're discouraged, even if it's for free," Poloz said he tells young people.
"If your parents are letting you live in the basement, you might as well go out and do something for free to put the experience on your CV."
The contentious subject of unpaid internships recently landed in the House of Commons. Last summer, an NDP MP tabled a private member's bill aimed at protecting those who agree to work for free.
And for recent graduates like James Tobin, Poloz's remarks show he's out of touch with the reality young would-be workers face every day.
"I don't think it really works because you have to live, right?" said Tobin, who's been trying to land a full-time teaching job since 2012, when he graduated from Bishop's University in Quebec.
"Not everyone is living at their parents' house rent-free ... so how are they going to make ends meet?"


Read more: http://www.ctvnews.ca/business/boc-...t-cv-with-unpaid-work-1.2086413#ixzz3IENnrZqR

 

[happ]

I suggest parents take advice for their kids from the highly educated and successful head of the Bank of Canada rather than members of the public sector unions.

 

[canada-man]

working for free does not pay living expenses and student loans

 

[peteeey]

I suggest parents take advice for their kids from the highly educated and successful head of the Bank of Canada rather than members of the public sector unions.

Just because you're highly educated doesn't mean you won't say dumb things.

 

[happ]

Just because you're highly educated doesn't mean you won't say dumb things.

I was going to say Trudeau proves that but then he's not highly educated.

working for free does not pay living expenses and student loans

I heard that liberal sound bite on the news to

 

[nobody123]

I suggest parents take advice for their kids from the highly educated and successful head of the Bank of Canada rather than members of the public sector unions.

I suggest parents and their kids tell the highly educated and successful head of the Bank of Canada to kindly eat a lightly salted bag of rat dicks. Is there any greater proof that our system is rigged and rotten right to the fucking core than having the head banker suggest something that can only benefit those kids that are rich enough to work for free? As if the fucking deck isn't stacked enough in their favour already? Fuck this egregious twatwaffle. Fuck him right in the ear.

I heard that liberal sound bite on the news to [sic]

What a marvellously simple and black and white world you must live in, to be able to discount something that someone you do not approve of said, regardless of how accurate and true it is, just because they said it. Here's hoping Trudeau announces that "breathing is good for you".

 

[asterwald]

Im skeptical about free work. Unless it gives you experience and something to put on your resume. A lot of times you will be doing menial tasks not related to your profession. Might as well work in Timmy's.

 

[Boss Nass]

He's a banker, meaning he would kill his own grandmother for a nickel.

 

[oldjones]

One would think the Governor of the Bank of Canada would pay at least passing heed to the principle of economics and life that the value of a thing depends on what you ask for it. At least as much as it does on what they offer. By all means volunteer and get real-world experience, but the CBC, or Ford, or KPMG—or even the Bank of Canada—can afford to pay real wages to the people they value. And if you do real work for them, you have real value they should be paying for.

Volunteer someplace that cannot.

 

[bubble pop]

I suggest parents take advice for their kids from the highly educated and successful head of the Bank of Canada rather than members of the public sector unions.

It's a slippery slope. The economy in Southern Ontario is such that simple service jobs will get 50 resumes for one position. Why not just rotate out one applicant after another in obligatory two week "volunteer auditions"? Oh btw we can't give you a reference for your time with us, it's against our HR policy.

 

[oldjones]

It's a slippery slope. The economy in Southern Ontario is such that simple service jobs will get 50 resumes for one position. Why not just rotate out one applicant after another in obligatory two week "volunteer auditions"? Oh btw we can't give you a reference for your time with us, it's against our HR policy.

It seems more likely the Guv'nor is bothered by a kid living in his basement than by kids being exploited doing work for no pay. That's a real socio-economic issue when it happens and your fable and media stories suggest the market's making it more frequent. Not only is a kid being exploited, but a paid worker's out of that job and those wages aren't going into the economy.

As for the wisdom of Poloz's advice, I heard it from my parents half a century ago, and they'd heard it from theirs. Is this what's meant by bankers being committed to stability?

 

[Insidious Von]

I suggest parents take advice for their kids from the highly educated and successful head of the Bank of Canada rather than members of the public sector unions.

Honey Bo Bo should know. He graduated, with honours, from the prestigious Jethro Bodine School of Brain Surgery.

 

[Big Sleazy]

He's a banker, meaning he would kill his own grandmother for a nickel.

He's not a Bankster. He's just a sock puppet.

BS

 

[quicksilver]

Poloz is a near lifelong resident of the clubby elite academic/bureacratic employment class in Ottawa, hovering around the public levers of power but never taking much risk himself or contributing to the almighty private sector economy.

I have nothing else to add to all the critical comments above. Other than my own sense of open-jawed shock that he could be so clueless as to say something like that openly.