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Canada's Central Banker Tells Young To Become Slaves

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http://www.theglobeandmail.com/report-on-business/economy/poloz-having-something-unpaid-on-your-cv-is-very-worth-it/article21439305/

Bank of Canada Governor Stephen Poloz has sparked controversy by suggesting young people ought to consider unpaid work as a way to gain job experience.

“When I bump into youths, they ask me, you know, ‘What am I supposed to do in a situation?’ I say, look, having something unpaid on your CV is very worth it because that’s the one thing you can do to counteract this scarring effect. Get some real-life experience even though you’re discouraged, even if it’s for free,” Mr. Poloz told reporters Monday in Ottawa.

Testifying before the House of Commons Standing Committee on Finance on Tuesday, he doubled down on that view, saying his advice to young people in this tough job environment was to “volunteer to do something that is at least somewhat related to your expertise set, so it’s clear that you are gaining some learning experience during that period.”

When asked during the hearing by Liberal MP Scott Brison whether unpaid internships contribute to income inequality – with kids from wealthier families more able to take advantage of those opportunities – Mr. Poloz acknowledged “there are issues like the ones you’re raising … but I still think when there are those opportunities, one should grab them because it will reduce the scarring effect, all other things equal.”

Canada’s youth unemployment rate is 13.5 per cent, compared with the overall rate of 6.8 per cent, and the percentage of youth who are holding jobs has been little-improved since the recession. Mr. Poloz said the central bank estimates there are about 200,000 young people who are out of work, underemployed or trying to improve their job prospects by extending their education. “I bet almost everyone in this room knows at least one family with adult children living in the basement,” he said in a speech Monday. “I'm pretty sure these kids have not taken early retirement.”

His main point may have been on the importance of keeping skills up-to-date and gaining real-world experience to plug holes in resume gaps. But the suggestion of unpaid work prompted a scathing response.

“It’s extremely frustrating,” said Claire Seaborn, founder and president of the Canadian Intern Association. “It’s a complete misunderstanding of our employment and workplace laws in Canada … and it shows a huge devaluing of young people and recent graduates’ abilities in the workplace.”

We can solve the worlds youth unemployment by turning them all into unpaid slaves. Problem solved.

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Guest UK Debt Slave

Great to see him leading by example, refusing all salaries and income, and living at home with his parents on unemployment benefit.

Indeed

But amazingly, yound people are already giving their time for nothing to get a foot in the door in many fields........including politcs!

That's REAL desparation isn't it? Working for nothing to become one of the most despised people on the planet! <_<

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Out one side of mouth - "Work for free until the recovery"

Out the other - "We're going to have to keep rates at/near zero for the foreseeable, no recovery"

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It was a slave owner's responsibility to look after his slaves. They had to be fed, clothed and housed. The idea that the employer gets free labour without fulfilling any of the labourers needs, puts the labourers at a level lower than slaves.

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It was a slave owner's responsibility to look after his slaves. They had to be fed, clothed and housed. The idea that the employer gets free labour without fulfilling any of the labourers needs, puts the labourers at a level lower than slaves.

Excellent point. I was thinking of Almshouses, wasn't the deal there that in exchange for work you were also accommodated and fed.

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Do as they do, except they also get paid, because they are worth it.....work for free and claim expenses, should be able to easily live from that. ;)

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