https://padlet.com/cassandre_richard/1m7vx79pewou From boom to bust. en-us 2018-03-14 22:11:19 UTC 2025-04-21 19:33:52 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Bigthunderstorm.png cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/242414725 2018-03-15 15:13:07 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/242414725 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/242458631 At the beginning of the decline in Alberta's oil industry, unemployment quickly became the lowest rate it has been since the eighties due to oil prices dropping drastically. Many workers believed the province would "bounce back" at some point and they would eventually return to their jobs but that doesn't seem to be the case and the future remains bleak for former oil industry workers. who wish to return. Most have had to find jobs at entry level in other job sectors despite wanting to stay in the oil industry.]]> 2018-03-15 16:18:58 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/242458631 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248902228 While the economy is on it's way back up, the oil industry in Canada may never recover. Investment levels are expected to drop in 2018. It has become quite apparent that Alberta is not the oil powerhouse it once was and likely will never return to that especially since the oil industry in general is losing interest and greener, renewable energy is on the rise. Unfortunately, this doesn't mean more jobs in the energy sector as oil workers tend to be overlooked when wind and solar companies hire since they would have to completely re-train them for the new jobs.]]> 2018-04-05 14:53:12 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248902228 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248904630 In 2013-2014, oil companies admittedly over-hired and over-paid many of their workers which ultimately affected the 2016 recession. This is why the oil industry took such a big hit when the price of oil dropped. There has also been advancements in oil extracting technology(ie. rigs that used to take 30 people to run now only require 2), making many former jobs obsolete.If you factor that in with companies cutting costs by down-sizing, outsourcing, etc., it's no wonder why so many people will never get their jobs back.]]> 2018-04-05 14:57:59 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248904630 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248907291 Just as the province is getting back on its feet, many families are faced with higher bills as the carbon tax increases. It must be especially difficult to deal with for those who are still laid off from 2016 and are struggling as it is to make ends meet. "Going Green" can actually negatively affect Canadians who are struggling by raising environmental taxes such as the carbon tax and permanently eliminating jobs in the energy sector.]]> 2018-04-05 15:03:15 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248907291 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248909426 Even though some oil workers have returned to their jobs in the industry, the majority never will. The Alberta government boasts it's recent growth in employment rates but doesn't seem to want to address that there is little to no growth in employment rates in the oil industry. They don't seem to care that most of these people will have to start over with their careers and there is no guarantee of employment even if they get an education.]]> 2018-04-05 15:07:21 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/248909426 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251831121 Workers protest outsourcing of jobs in the energy sector in May 2017. The oil industry hasn't fully recovered since the price of oil dropped in 2016 and companies have cut costs drastically.]]> 2018-04-14 23:39:13 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251831121 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251832905 The unfortunate reality for many former oil and gas workers is that even if they return to full-time work, they will make significantly less money than they used to. Many are also faced with the stigma associated with being unemployed for a long period of time; that there's something wrong with you because you can't find a job.This is a problem for anyone laid off for a long period of time.]]> 2018-04-15 00:25:20 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251832905 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251833437 2 years later, many from the oil industry still find themselves out of full-time work and will likely never return to the oil industry. Only about 25% of oil industry workers in Alberta will return to their previous jobs.]]> 2018-04-15 00:42:07 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251833437 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251833612 In 2016, Alberta's unemployment rate dropped to the lowest rate in 27 years. Although, many took on part-time jobs and began receiving government assistance, many still struggle financially today.]]> 2018-04-15 00:46:15 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/251833612 cassandre_richard https://padlet.com/cassandre_richard/1m7vx79pewou/wish/252220147 2018-04-16 16:06:47 UTC https://padlet.com/cassandre_richard/1m7vx79pewou/wish/252220147