Immigration’s Economic Clout

Immigration can definitely be positive for BC because it not only increases the population, but it also helps decrease the unemployment rate. Migrant workers fill vacant jobs and by their presence actually bring about an increase in the wages of local workers. Immigrants not only bring a new set of workers to BC, but they also bring their culture. Our government constantly exhorts us to welcome multiculturalism and its introduction to vastly different ethnic beliefs.

On the other hand, immigration can be a burden, because it exacerbates the burden on social and public services as well as on cultural integration and interaction of all the races in the nation. Many detest the notion of immigration because it decreases wages that will be paid since more people are competing for the same jobs. Another problem with the influx of immigrants, particularly from Asia, is the escalation in house prices.  The amount of land that is available for building is being reduced due to the fact that immigrants purchase multiple houses. Although immigration may have negative influences on BC, we should embrace the obstacles and setbacks.

Sources:

http://www.theglobeandmail.com/news/national/time-to-lead/how-immigrants-affect-the-economy-weighing-the-benefits-and-costs/article4106049/

http://ca.news.yahoo.com/blogs/davidvsdavid/immigration-citizens-improve-canada-benefit-economy-201306657.html

Money Sense & Financial Literacy

 

Money is the principal form of payment that plays a vital role in every aspect of our lives. The notion of money offers two distinctly different views; it can provide one with happiness but on the other hand problems can also arise from it. The issue regarding money can be looked upon in many different facets. Financial literacy is the knowledge of understanding finance and how to properly manage money.

More specifically, it refers to the skills and knowledge that allows one to make informed and effective decisions through their understanding of finances. Financial literacy is a conflict that may not be properly understood but is also important in living a good life. Some people don’t understand how to properly manage their money and would rather lie down on the job. Improper money management and careless spending can result in a lot of future conflicts like bankruptcy. In order to avoid conflicts like these, it is important to start inquiring information regarding financial literacy at a young age and setting aside money that can be saved. Proper understanding of financial literacy may seem difficult but it is important to take a look at it in order to avoid any future problems.

Sources:

http://www.montrealgazette.com/business/Financial+literacy+doesn+mind+generational/9152371/story.html