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      <title>Scarcity as it relates to Economy by Jose C</title>
      <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth</link>
      <description>by Jose Cruz and Anshil Surelia</description>
      <language>en-us</language>
      <pubDate>2025-04-07 21:05:39 UTC</pubDate>
      <lastBuildDate>2025-04-10 18:33:19 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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      <item>
         <title>Welcome to Scarcity as it relates to Economics</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3399543569</link>
         <description><![CDATA[<p>During your time here, you will learn everything about scarcity and how it relates to the Canadian economy. Scarcity is in our everyday lives.  It influences the rich and the poor. It's an indicator of a country's prosperity or demise. It dictates who lives and who dies. You will learn what it is, what causes it, its disadvantages, and its effects on the economy.</p><p><br/></p><p>Not only is scarcity a crucial topic, but it's a topic every individual should be aware of since it could shape the future of their lives.</p><p><br/></p><p><br/></p>]]></description>
         <enclosure url="" />
         <pubDate>2025-04-07 23:00:43 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3399543569</guid>
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      <item>
         <title>Video #1 What is Scarcity</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3399570332</link>
         <description><![CDATA[<p>Scarcity is a basic economic concept. It's the gap between wants/desires and limited resources. In this video, Khan Academy gives an example of caviar. Caviar is considered a luxury food and is somewhat expensive. It is not easy to gather caviar as the eggs are laid deep in the ocean. Therefore, caviar is considered a scarce resource and not a free resource, since it is not abundantly found. </p><p><br/></p><p>Something insightful about this video is a small item being scarce, and how it comes with a price tag, a big price tag. Due to the difficulty of finding the product, in this case, caviar, it becomes a labour-intensive and logistically demanding task, therefore, the consumer ends up paying for the scarce product and its process.</p>]]></description>
         <enclosure url="https://www.youtube.com/watch?v=iy-fhpbTH9E" />
         <pubDate>2025-04-07 23:36:42 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3399570332</guid>
      </item>
      <item>
         <title>Video #2 Skilled worker shortage in Canada</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400038630</link>
         <description><![CDATA[<p>In this video published by CityNews, the future scarcity of skilled workers is discussed. Currently, many older generations take up the space in skilled trade jobs, as mentioned in the video, car mechanics and technicians. As the generation X and baby boomers begin to retire, an immense number of these skilled worker positions will begin to open up. In the video, the stigma of going to college/trade school is talked about for the current generation. </p><p><br/></p><p>One useful bit of information CityNews provides is how this stigma will likely lead to the scarcity of skilled trade positions. Over the next decade, a shortfall of 100,000 skilled trade workers is expected. This type of scarcity will not only shake up the economy, but also shake up the cost of services, goods, and quality of life.  Services and goods will get more expensive, wait times for repairs will get longer, and overall economic flow will be disrupted.</p>]]></description>
         <enclosure url="https://www.youtube.com/watch?v=gZjyP3s76Sg" />
         <pubDate>2025-04-08 04:37:13 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400038630</guid>
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      <item>
         <title>Website #2 Mitigating Canada&#39;s Water Scarcity</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400114363</link>
         <description><![CDATA[<p>In this short article/Q&amp;A, Justin Rak-Banville, Canada's director for water and wastewater treatment, is interviewed and asked crucial questions regarding the water economy in Canada. Due to Canada having an abundance of water, we are one of the highest water consumption users per capita. Canada accounts for 7% of the Earth's fresh water, so one would think we wouldn't have a scarcity problem, right? wrong. </p><p><br></p><p>I like the way Rak-Banville explained how, although most of our freshwater is allocated on the eastern side of the country, algal blooms and climate change still cause western provinces like Alberta and Saskatchewan to experience worsening droughts. This is an example of resources being available but not accessible to everyone.</p>]]></description>
         <enclosure url="https://www.wsp.com/en-ca/insights/ca-mitigating-canadas-water-scarcity" />
         <pubDate>2025-04-08 05:22:21 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400114363</guid>
      </item>
      <item>
         <title>Website #1 Indigenous Canadian Food Insecurity</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400138383</link>
         <description><![CDATA[<p>In this website made by the University of Toronto, statistics are presented, revealing frightening numbers of food scarcity among indigenous Canadian communities. Although public data is provided annually by Statistics Canada, it is a known fact that the indigenous communities aren't properly represented in these surveys. The University of Toronto goes in-depth, giving these communities proper representation. </p><p><br></p><p>This website is very compelling, as it gives an insight into a resource we rarely think about since most of us use it abundantly. Food might be readily available for a lot of communities in Canada, but for the indigenous community in Canada's northern parts, not so much. I admire this topic very much as it shares the indigenous community's vulnerability.</p>]]></description>
         <enclosure url="https://proof.utoronto.ca/resources/indigenous-food-insecurity/" />
         <pubDate>2025-04-08 05:38:18 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400138383</guid>
      </item>
      <item>
         <title>Labour Shrinkage</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400858421</link>
         <description><![CDATA[<p>In this bar graph made by RBC, the labour pool in advanced economies is shown. Canada, being one of the more economically advanced countries, experiences a 2% drop compared to its pre-pandemic 3-month average.</p><p><br/></p><p>This graph is very informative as it shows that the labour shortage is not only happening in Canada, but in other economic powerhouses as well. This information further proves that there is a skilled and general labour scarcity issue in Canada.</p>]]></description>
         <enclosure url="https://thoughtleadership.rbc.com/wp-content/uploads/Issue-8-Chart-1.png" />
         <pubDate>2025-04-08 14:20:22 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400858421</guid>
      </item>
      <item>
         <title>1. What did you learn about your topic that surprised you the most?</title>
         <author>mxriocruz06</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400863859</link>
         <description><![CDATA[<p>Something shocking that we learned was how Canada is dealing with water and food scarcity. Being a developed and thriving country, one would never expect us to deal with food scarcity, but the statistics say otherwise. Learning about this topic was eye-opening, as we'll continue to learn about and speak to family and colleagues about it.</p>]]></description>
         <enclosure url="" />
         <pubDate>2025-04-08 14:23:46 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400863859</guid>
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         <title>Video #3 Canada&#39;s Housing Crisis</title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400909985</link>
         <description><![CDATA[<p>This video talks about the rising housing crisis in Canada. The younger generation are amongst the ones bearing the burden as they struggle to find affordable housing solutions. Due to this, we have witnessed an increase in homelessness. </p><p>While the federal government did revise its National Housing Strategy in 2017, as they aimed to build pocket-friendly units, the progress made has been slow and housing still remains low. The housing minister suggests getting rid of government barriers and encouraging a better development in areas near transit and schools. He highlighted that the housing market alone cannot achieve affordability, it needs the support of the government to do so, especially in the community housing. This approach also involves viewing that housing is not a financial asset but a fundamental need.</p><p><br/></p><p>I chose this video because it provides a basic overview of the crisis Canada is facing with its housing. It shows pretty well the challenges that one faces when trying to buy a house. A piece of information that i found useful was how the government is taking action to remover these barriers. </p>]]></description>
         <enclosure url="https://www.youtube.com/watch?pdlt=1&amp;v=CI-YKKVWKVE" />
         <pubDate>2025-04-08 14:51:27 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400909985</guid>
      </item>
      <item>
         <title>Website #3 Farmland Preservation and Urban Expansion</title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400926939</link>
         <description><![CDATA[<p>This article examines how urban growth in Southern Ontario is leading to a decline in available farmland, directly relating to the economic notion of scarcity. As we witness expansion and development in the urban areas, they consume land that was originally appointed for farming. As a result, we may come across a situation where we don't have enough land for agriculture, however the demand of it stays the same if not grow. This could even mean a hike in prices. </p><p>This shortage in farmland increases the difficulty of farmers to buy land, which may potentially lead to decreased food production and raising concerns about the security of food for coming generations. The research shows that in the absence of a suitable strategy to safeguard farmland, the conflict between agricultural needs and housing will grow stronger. This shows how scarcity impacts not only prices, but also shapes significant choices regarding land use, development, and sustainability.</p><p><br/></p><p>I chose this article over others about this topic as it highlights the fact that the population in Ontario is growing rapidly, but do not have enough usable farmland. A very useful piece of information i got from this about the greenbelt plan, which has helped reduce the loss of usable land. </p>]]></description>
         <enclosure url="https://www.frontiersin.org/journals/sustainable-food-systems/articles/10.3389/fsufs.2022.777816/full" />
         <pubDate>2025-04-08 15:02:38 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400926939</guid>
      </item>
      <item>
         <title>Website #4 High-school Completion rates affected by living in remote communities</title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400958363</link>
         <description><![CDATA[<p>This article shines light on how remote the first nations people er from high schools and how it affects their completion of education. Another key factor that affects their education is also lower household income which keeps them from being able to relocate to more accessible areas. Statistics done between 2016 and 2021 show that schooling completion rates have gone up for most indigenous communities. However, household income and areas of easier access still remained big factors.   </p><p><br/></p><p>This article helps one understand that the importance of education and how it isn't accessible to people residing in remote locations. </p>]]></description>
         <enclosure url="https://www150.statcan.gc.ca/n1/pub/75-006-x/2025002/article/00002-eng.htm?" />
         <pubDate>2025-04-08 15:23:57 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3400958363</guid>
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      <item>
         <title>Video #4 Canadian hospitals reporting staff shortage  </title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3401011816</link>
         <description><![CDATA[<p>Overcrowded hospitals and understaffed emergency rooms, are a result of Canada's crashing healthcare system. The problem is caused by a lack of healthcare personnel, which has a negative effects on both, hospital staff and patients. </p><p>President of the Canadian Association of Emergency Physicians, Dr. Mike Howlet, says that the government funding has not sufficiently addressed the shortage of resources, especially in emergency medicine and critical care. In Ontario, overcrowded emergency rooms are causing major delays in attending to the patients, which has raised the death rates of patients.</p><p>It has gotten worse over time as there are lesser and lesser beds available. Dr. Howlet promotes a targeted approach to healthcare financing, stressing the necessity of systemic changes and focused investments in important areas. </p><p><br/></p><p>I chose this video because it highlights the current shortage in hospital staff and the necessary equipment. A very shocking point of information that i noticed is how Ontario is such a well developed province, but face such major issues which has raised concerns among the citizens. </p>]]></description>
         <enclosure url="https://youtu.be/-hQtC477Ba8?si=k4Mk5G_zdbDTwveF" />
         <pubDate>2025-04-08 15:59:52 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3401011816</guid>
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      <item>
         <title>2. Provide a real-life example of how this topic is relevant or interesting
for you.</title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3403277831</link>
         <description><![CDATA[<p>A real-life example of how scarcity in the economy is relevant to not only me but almost everyone, on how expensive groceries have become in the last few years. Our daily essentials have have seen a hike in its prices due to limited supply. This made us think how scarcity affects everyone in one form or another. </p>]]></description>
         <enclosure url="" />
         <pubDate>2025-04-09 22:31:23 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3403277831</guid>
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         <title>3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?</title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3403277974</link>
         <description><![CDATA[<p>If I could pass on my knowledge to a family member or friend, it would be that the resources that we have available to us will always come with a limit, so it is our responsibility to choose how we spend it. </p>]]></description>
         <enclosure url="" />
         <pubDate>2025-04-09 22:31:41 UTC</pubDate>
         <guid>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3403277974</guid>
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      <item>
         <title>Lack of Specialized Teachers for Neurodiverse Students</title>
         <author>anshil17</author>
         <link>https://padlet.com/mxriocruz06/1z9gbg1npoe67mth/wish/3403301862</link>
         <description><![CDATA[<p>There is a shortage of specialized teachers in Canada for neurodiverse students, and this is raising significant concerns  amongst the eduction system. There are many factors that contribute forward this shortage. One of the main reasons being having to face an excessive workload along with a many of them not having adequate training to support students. </p><p>If this shortage of teachers continues to persist, it means that neurodiverse students in the country will not get the proper support and education that they require. </p>]]></description>
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         <pubDate>2025-04-09 23:08:56 UTC</pubDate>
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