Archive for the ‘Debates’ Category

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Israel capped CEO pay for banking execs at $1 million. Its unique experiment could work here, too

Friday, January 14th, 2022

Over the years, the ratio between those who hold the top jobs and regular employees has gone up tremendously. Justifications for this were always based on arguments that CEO pay is set in a competitive market. The reality, however, is different. CEO pay has no equilibrium and continues to ratchet up endlessly… For too long we’ve been brainwashed by free-market myths about CEO pay. The natural experiment in Israel has refuted them.

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Riches for top CEOs come at a cost to everyone else

Friday, January 7th, 2022

the federal government should review rules on how much executive compensation companies can deduct (the United States already caps it at $1 million per employee), capital gains and stock options, as well as instituting a wealth tax for the richest Canadians. “Higher taxation levels can reduce inequality and help to refill government coffers following the impact of the pandemic,” the report says.

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Is there a made-in-Canada solution to high inflation?

Saturday, January 1st, 2022

Inflation and the pandemic have a lot in common: both attack household incomes, both hit low-income households hardest, and both demand government action to support incomes. Social assistance rates must rise, as they should have years ago. Minimum wages must rise. Federal transfers to low-income Canadians should increase. Painful 20th century policy prescriptions to cut inflation by squeezing the life out of the economy, through increasing interest rates and reducing government supports, are no answer to our 21st century problems. They will only make our problems worse.

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What football tells us about the future of workers

Wednesday, December 29th, 2021

The Care Economy is huge and growing. We all rely on it at different points in our lives. There is a labour crisis in this sector, and it is a gendered crisis. And nobody’s talking about it.  We’ve been hearing about these shortages, on and off, since the 1990s, and still don’t have a national strategy for human resources in health care.

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Taming inflation can be worse than inflation

Friday, December 17th, 2021

While Canadian inflation is running at 4.7 per cent, Canadian wages are also rising. For some of the most disadvantaged workers (new hires), average wages are growing at the impressive rate of 10 per cent a year — putting them well ahead of inflation… And this booming labour market may get better yet, as contracts expire and new ones are negotiated at a time when workers are wielding more power than they have in decades.

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The migrant worker floodgates have opened. It’s a decision we might come to regret

Wednesday, December 15th, 2021

… public policy is rowing against market forces and demographic trends, to keep things cheap. The larger the share of migrant workers in a job market, the lower the wage growth. In our endless search for a cheap deal, let’s not pit ourselves as consumers against ourselves as workers… This nation of immigrants, the tenth-largest economy in the world, has two wishes, one of which will be granted: lower prices or better jobs. 

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Labour shortage? The answer is to bring older adults back into the workforce

Monday, November 15th, 2021

Bringing older adults back into the workforce is one answer to the current talent shortage. Extended working lives create benefits for everyone. Individuals experience improved physical and mental well-being. Employers profit from loyal, engaged employees who bring guidance, expertise and balance. The economy enjoys increased spending, income tax and charitable contributions.

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Labour shortage? The answer is to bring older adults back into the workforce

Tuesday, November 9th, 2021

Canada is due for a rethink when it comes to age. None of life’s traditional milestones hold true today… Extended working lives create benefits for everyone. Individuals experience improved physical and mental well-being. Employers profit from loyal, engaged employees who bring guidance, expertise and balance. The economy enjoys increased spending, income tax and charitable contributions.

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Ontario’s higher minimum wage is long overdue. Now go for a ‘living wage’

Wednesday, November 3rd, 2021

In no Ontario community does $15 an hour provide a living wage. By living wage we mean the sum required for shelter, food, childcare, transportation and other necessities. To determine the living wage rates, the network crunches and averages costs for a single adult, a single parent and a family of four… If anything, Ford’s announcement places a focus on other not-wonderful elements of how his government is, or really isn’t, working for workers.

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Ford government should dump old-school thinking on minimum wage

Wednesday, October 13th, 2021

In awarding Canadian economist David Card the Nobel Prize in economics, the Royal Swedish Academy of Sciences has given a huge boost to the value of empirical study in the field of labour economics. For it was Card, working alongside American economist Alan Krueger, who put real world wage increases in New Jersey under the microscope and found no support for the theory that a rise in the minimum wage reduced employment.

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