The Gravity Well with Jenny Yeremiy
Oct 1, 2026 · 45 min · 11 segments
In this episode, I am joined Trisha McOrmond, a Metis sociologist, indigenous systems thinking educator and punk based in Edmonton, whose diverse background includes Metis heritage, Irish immigrant…
Jenny YeremiyHostThere is a huge generational wealth transfer that's going to be happening over the next 15 to 20 years.
And I wonder what would happen if we started thinking about generational wealth transfer as actually a sustainable, livable environment.
We're so focused on how many dollars I might transfer eventually to somebody, and we're assuming that the value of a dollar and the ability to spend a dollar is going to remain constant, and that it's going to continue to go up, which has already been proven not true.
We have spent decades, many of us in our forties, fifties and sixties, we have spent decades accumulating our pensions on the belief that this would keep us safe, right? We would be safe with this money that we have invested in our pensions.
What we have neglected to think about is all of those pension dollars are actually extracting from our youth.
So there's a really fabulous report, Generation Squeeze, on intergenerational equity around how much of Canada's GDP has been spent on the youth compared to seniors.
And I was looking for it earlier and I couldn't find it, but like the disparity, I'll send it to you later, but the disparity is incredible.
And only 7.29% is invested in programs for people under 40, which like that basically means we're saying to our youth, you don't matter.
So for example, the Youth Climate Corps, we know that AI is undermining sidewalk jobs.
And we have seen the impact of a lack of sidewalk jobs for generations in places like first,
It's a, it's a phrase from like labor market theory in the eighties, I think, and I probably should update it, but basically you can walk in off the street, apply for a job and get hired.
So those sidewalk jobs, those entry-level jobs are disappearing and, Not all jobs that are sidewalk jobs or entry level jobs, like not everybody wants to climb the ladder.
Some people just want to work in a store or I don't know, in a bank or whatever, do their thing because their life is outside, but they have to generate income to pay for their life.
There is a huge generational wealth transfer that's going to be happening over the next 15 to 20 years.
And I wonder what would happen if we started thinking about generational wealth transfer as actually a sustainable, livable environment.
We're so focused on how many dollars I might transfer eventually to somebody, and we're assuming that the value of a dollar and the ability to spend a dollar is going to remain constant, and that it's going to continue to go up, which has already been proven not true.
We have spent decades, many of us in our forties, fifties and sixties, we have spent decades accumulating our pensions on the belief that this would keep us safe, right? We would be safe with this money that we have invested in our pensions.
What we have neglected to think about is all of those pension dollars are actually extracting from our youth.
So there's a really fabulous report, Generation Squeeze, on intergenerational equity around how much of Canada's GDP has been spent on the youth compared to seniors.
And I was looking for it earlier and I couldn't find it, but like the disparity, I'll send it to you later, but the disparity is incredible.
And only 7.29% is invested in programs for people under 40, which like that basically means we're saying to our youth, you don't matter.
So for example, the Youth Climate Corps, we know that AI is undermining sidewalk jobs.
And we have seen the impact of a lack of sidewalk jobs for generations in places like first,
It's a, it's a phrase from like labor market theory in the eighties, I think, and I probably should update it, but basically you can walk in off the street, apply for a job and get hired.
So those sidewalk jobs, those entry-level jobs are disappearing and, Not all jobs that are sidewalk jobs or entry level jobs, like not everybody wants to climb the ladder.
Some people just want to work in a store or I don't know, in a bank or whatever, do their thing because their life is outside, but they have to generate income to pay for their life.
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