7 MYTHS OF BC’S RESOURCE ECONOMY
April 10, 2014
MYTH
#1
MYTH #1
RESOURCE SECTOR TOO SMALL TO SIGNIFICANTLY IMPACT THE ECONOMY
Fact
29,500 NEW JOBS IN B.C.
MYTH #1
#2
MYTH
MYTH #2
RESOURCES CREATE FEW GOOD JOBS
Fact
MYTH #2
JOBS ARE MOSTLY FULL-TIME & PAY MORE
#3
MYTH
MYTH #3
JOBS CREATED MOSTLY BENEFIT RESOURCE-RICH REGIONS, BYPASSING THE LOWER MAINLAND
Fact
MYTH #3
55%
OF NEW NATURAL RESOURCE JOBS ARE IN LOWER MAINLAND
#4
MYTH
MYTH #4
SPIN-OFF BENEFITS GO OUTSIDE BC, EITHER ELSEWHERE IN CANADA OR ABROAD
Fact
MYTH #4
80%
More than Of benefits stay in B.C.
#5
MYTH
MYTH #5
A 10% CHANGE IN BC RESOURCE OUTPUT IS AN UNLIKELY OCCURRENCE
Fact
MYTH #5 2002 +10.9% 2010 +10.0%
#6
MYTH
MYTH #6
BC’S RESOURCES FOLLOW A BOOM-BUST CYCLE
Fact
EXPORTS DOUBLED SINCE 1991
MYTH #6
#7
MYTH
MYTH #7
CANADA’S FUTURE IS ONLY IN MOVING UP VALUE-ADDED CHAIN
Fact
NATURAL RESOURCE SERVICE JOBS GROW
MYTH #7
2X
MFG SECTOR
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