H and I were delighted when snow finally arrived here in Montréal. Since we don't own a car, we were entirely unintimidated to learn that we were living through a record-breaking snowstorm. Heck, we even giggled with giddiness, watching it all come down. It's hard to faze Canadians with snow--even 40+ centimeters of it.
Even the potted plants in Montréal just shrugged and got on with it.
At the end, though, we had so much snow that the politicians started talking about how much it would cost to remove all of it. Care to guess how much? Nope. More. Nope. Even more. Try...
"I will keep your city snowbound unless you give me...
...$20 million Canadian dollars."
Yup. And that was just the first of the December storms. It's since snowed again. And we've heard tell that it will snow at least once more before 2007 ends. We also hear, however, that things may warm up, so we're probably looking at peak snow accumulation here--and let me tell you, if Tom Thumb were a ski-freak, he'd be in heaven in our jardin.
In Canada, it sometimes snows so damn hard you lose your chair.
Having paid my share of the $20 million it took to clear the streets, I'm just wondering how much the city's economy loses per snow day. Is it really worth it to remove all that snow absolutely ASAP?
Google to the rescue. Montréal apparently manages to produce a paltry CAD $96 billion or so of rough economic value per year (that's the 2006 figure). Since there are approximately 250 business days in a calendar year, we can estimate that each of those days is worth about CAD $384 million of rough-and-ready productivity. Now, some of that value doesn't depend on the weather (web-based, residential utilities, etc.), but plenty does. So, I suppose it is worth it.
Even though I checked my math thrice (and H checked it after that), I could hardly believe that Montréal produces CAD $384 million per day. It just seemed like too much. But... Canada's 2006 GDP clocked in at CAD $1.4 trillion. Their 2001 census claims 14,695,130 workers (excluding unemployed) in the country. That divides out to an average annual productivity of CAD $95,270 per worker. (The equivalent figure in the US is USD $91,389.) Bottom line: if you're working and making less than $90k a year (in whatever currency), you're not even making the average. So, I suppose Montréal's numbers make sense after all, given the relative (in)justice of our current economic system. Perfect sense.
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Wednesday, December 19, 2007
Give it an inch...
>>>> Posted by
J. Powers
at
1:19 PM
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