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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


www.resourceworks.com @resource_works


The 7 Myths - Powerpoint Deck