7 MYTHS OF BC’S RESOURCE ECONOMY

April 10, 2014

#1 MYTH

MYTH #1 RESOURCE SECTOR TOO SMALL TO SIGNIFICANTLY IMPACT THE ECONOMY

29,500 NEW JOBS

IN B.C. Fact

#1 MYTH

#2 MYTH

MYTH #2 RESOURCES CREATE FEW GOOD JOBS

JOBS ARE MOSTLY FULL-TIME & PAY MORE

Fact #2 MYTH

#3 MYTH

MYTH #3 JOBS CREATED MOSTLY BENEFIT RESOURCE-RICH REGIONS, BYPASSING THE LOWER MAINLAND

Fact

OF NEW NATURAL RESOURCE JOBS ARE IN LOWER MAINLAND

#3 MYTH

55%

#4 MYTH

MYTH #4 SPIN-OFF BENEFITS GO OUTSIDE BC, EITHER ELSEWHERE IN CANADA OR ABROAD

Fact

More than80%

#4 MYTH

Of benefits stay in B.C.

#5 MYTH

MYTH #5 A 10% CHANGE IN BC RESOURCE OUTPUT IS AN UNLIKELY OCCURRENCE

2002 2010

Fact

+10.9% +10.0%

#5 MYTH

#6 MYTH

MYTH #6 BC’S RESOURCES FOLLOW A BOOM-BUST CYCLE

Fact EXPORTS DOUBLED

SINCE 1991

#6 MYTH

#7 MYTH

MYTH #7 CANADA’S FUTURE IS ONLY IN MOVING UP VALUE-ADDED CHAIN

NATURAL RESOURCE

SERVICE JOBS GROW

Fact

2X MFG SECTOR

#7 MYTH

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