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Why does it seem like everyone in Toronto is not going out to spend money nowadays?
Even on weekend evenings: most restaurants are not busy; bars, pubs and nightclubs are not packed; theatres are not full, even coffee shops and fast food restaurants are not busy.
Spring/summer should be a busy season, I don't know what is going on this year and why everyone doesn't want to spend money. Is Canada in a economic recession or something? Let me know what you think, and please stay on topic.
Why does it seem like everyone in Toronto is not going out to spend money nowadays?
Even on weekend evenings: most restaurants are not busy; bars, pubs and nightclubs are not packed; theatres are not full, even coffee shops and fast food restaurants are not busy.
Spring/summer should be a busy season, I don't know what is going on this year and why everyone doesn't want to spend money. Is Canada in a economic recession or something? Let me know what you think, and please stay on topic.
Sorry I can't related. I make a point of going out as much as posisble. The issue might be where people are going out. The last things I choose to do in my free time is sit around at cafes or restaurants. I would rather be walking around, at a concert or street festival. There are a lot of options of things to do in the city. People in certain areas of the city might be choosing other activies. It also could be time of day. I am starting to wonder if more people in the city are getting super health concious ex not eating out as much as every other person I see is hold a gym bag. I am not hold a gym bag, but am 100% less willing to spend free time eating as there is so much more stuff I would rather do. I want to gab something fast and get it over with.
After paying the rent, the car note, the insurance, along with your other basic expenses, how much is left over to go out? What hours would one even need to work to cover all of those expenses and have some savings left over given how wages in jobs generally available for young people have stagnated while these expenses continue to rise through the roof? I don't think it is controversial to say that the overwhelming majority of middle-income and greater jobs in this city, which are associated with the service sector, are occupied by older people who generally have families and are not prone to going to bars, clubs, fast food, or what have you.
These are not the oscillatory booms and busts in a business cycle, but the new normal. The new economy. There are no shortage of local companies using specialized software to replace any vacancies as a result of retirement or resignation. Remember how we kept hearing the boomers will retire and that will eventually make it a job-seekers market? Not happening. Corporations will continue to get leaner and try to phase out as much jobs as possible as software gets more complex over time, and this will mean the disappearance of even more middle-income jobs, which is what contributes to the lack of people in particular young people having the finances and the time to frequent these venues or spending, which in turn hurts the economy even more and cause these cost-cutting measures to get even more extreme and we have a dangerous feedback loop.
After paying the rent, the car note, the insurance, along with your other basic expenses, how much is left over to go out? What hours would one even need to work to cover all of those expenses and have some savings left over given how wages in jobs generally available for young people have stagnated while these expenses continue to rise through the roof? I don't think it is controversial to say that the overwhelming majority of middle-income and greater jobs in this city, which are associated with the service sector, are occupied by older people who generally have families and are not prone to going to bars, clubs, fast food, or what have you.
These are not the oscillatory booms and busts in a business cycle, but the new normal. The new economy. There are no shortage of local companies using specialized software to replace any vacancies as a result of retirement or resignation. Remember how we kept hearing the boomers will retire and that will eventually make it a job-seekers market? Not happening. Corporations will continue to get leaner and try to phase out as much jobs as possible as software gets more complex over time, and this will mean the disappearance of even more middle-income jobs, which is what contributes to the lack of people in particular young people having the finances and the time to frequent these venues or spending, which in turn hurts the economy even more and cause these cost-cutting measures to get even more extreme and we have a dangerous feedback loop.
Can't say I've noticed it. Pretty busy on Friday and Saturday nights.
Was especially for Blue Jays/Raptors/TFC + the concerts and clubs.
Seems as busy as usual. And we've just hit patio weather this week.
It might be certain areas, days of the week or times of day. Some areas are always busy and some places more busy at peak times. Ex you walk around bloor in the day places are empty at night busy
It sucks because I am sure some pundits would rather push the narrative that young people are just immersing themselves with technology and social media at home. This is emphatically not the case. I know many folks who work in excess of 60 hours a week just to make their basic payments and have a little bit of savings left over. In the GTA, even a household yearly income of 120K is not enough to reasonably afford a mortgage on a detached home. Last I recall, the national average for median household income in the country is in the ballpark of 50K and according to a study done by CIBC world markets a few years ago we have the highest concentration of educated young people living in poverty in this nation by a large margin and also the highest share of post-secondary graduates who earn less than half the national median income. When you combine that with the highest auto insurance rates on the continent by a large margin along with stagnating wages, is it reasonable to expect a bustling population of young people with all of the time and the money to go out and enjoy themselves these days?
I am starting to wonder if more people in the city are getting super health concious ex not eating out as much as every other person I see is hold a gym bag.
If u could pay $400 a year to sign up to a restaurant to eat there as often and as much as possible. U would prolly want to go there at least 3 times a week. If going to the gym costs $20-$30 each time u go, u would prolly be only going there way less often.
Quote:
Originally Posted by Stoke
Can't say I've noticed it. Pretty busy on Friday and Saturday nights.
Was especially for Blue Jays/Raptors/TFC + the concerts and clubs.
Seems as busy as usual. And we've just hit patio weather this week.
I think Toronto used to be much more busy few years ago when people went out more often.
Quote:
Originally Posted by Aether
It sucks because I am sure some pundits would rather push the narrative that young people are just immersing themselves with technology and social media at home. We have the highest concentration of educated young people living in poverty in this nation by a large margin and also the highest share of post-secondary graduates who earn less than half the national median income. We have the highest auto insurance rates on the continent by a large margin along with stagnating wages, is it reasonable to expect a bustling population of young people with all of the time and the money to go out and enjoy themselves these days?
Because playing with social media or doing stuff at home is cheaper than going out. Ur salary is not increasing, but everything else is getting more expensive, so a bigger portion of ur salary is spent on basic needs, so u will have less money for entertainment. And in North America, the public transportation is not as convenient as Europe, so if u don't have a car it's harder to go out. In Europe a lot of people go out on Fri and Sat and a lot of places are packed.
If u could pay $400 a year to sign up to a restaurant to eat there as often and as much as possible. U would prolly want to go there at least 3 times a week. If going to the gym costs $20-$30 each time u go, u would prolly be only going there way less often.
I think Toronto used to be much more busy few years ago when people went out more often.
Because playing with social media or doing stuff at home is cheaper than going out. Ur salary is not increasing, but everything else is getting more expensive, so a bigger portion of ur salary is spent on basic needs, so u will have less money for entertainment. And in North America, the public transportation is not as convenient as Europe, so if u don't have a car it's harder to go out. In Europe a lot of people go out on Fri and Sat and a lot of places are packed.
I disagree in the sense that there are many things to do in this city for free, but people just choose not to or don't know about it. Also the transit system in actual Toronto is not that bad if you want to go out. I have no idea why anyone would think that. I own a car and have no motivation to drive because usng the TTC is cheaper and easier in most cases ex while driver have to make sure they don't run anyone over ... I sit back, relax, listen to music and tune out !
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