Archive for the ‘Economy/Employment’ Category
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Don’t blame Keynes for Canada’s low-growth economy
There’s a widespread view that the Canadian economy is struggling and that it needs a fiscal jolt to get it going. That view gets at some fundamental issues about the nature of the current stagnation and… the nature of Keynesian economics… What’s struggling is not the level of economic activity, it’s the rate of economic growth. Contrary to the impression you’d get from the media, those are two different things…
Tags: economy, globalization, ideology, participation, standard of living
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Precarious Jobs Need Stronger Safety Net
Canada should strengthen the safety net under workers in precarious jobs, according to a new report from the C.D. Howe Institute… “But it would be a mistake for policymakers to emphasize rigid labour legislation over other social policies in search for solutions.” … . Interventions to shape employment arrangements with legislation pose significant risks of stymying job creation.
Tags: economy, featured, globalization, ideology, poverty, standard of living
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Jobless rate slides despite decline in full-time work
Compared with November 2015, Canada gained 183,200 jobs overall for an increase of 0.1 per cent — but over that period full-time work fell by 30,500 positions, while the part-time category piled up an additional 213,700 jobs… the unemployment rate dropped to 6.8 per cent from 7 per cent because fewer people were searching for work.
Tags: economy, globalization, jurisdiction, participation
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Part-time nation: How job ‘quality’ in Canada is eroding
… part-time work, which has accounted for 90 per cent of job-creation in Canada in the past year… “By looking at the distribution of part-time vs. full-time jobs; self-employment vs. paid-employment; and the compensation of full-time paid- employment jobs in more than 100 industry groups, we observe a slow but steady deterioration.” …the share of lower-paid work in the economy has been climbing
Tags: economy, participation, standard of living
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Trudeau Should Forget Infrastructure P3s and Support a People’s Bank
Only a few have called this what it is: a long-term plan to funnel billions from the public purse into giant investment firms. Privatization plans have proven deeply unpopular once they are widely understood, as the Ontario Liberals discovered after announcing plans to sell off Hydro One… postal banks could be similar to credit unions, but they would reach hundreds of small rural communities that don’t have access to banking at all.
Tags: budget, economy, ideology, privatization, standard of living
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Manufacturing hasn’t vanished – it’s just smarter — The Globe and Mail Published Sunday,
Manufacturers now produce roughly a third more than they did in early 2009, after recovering all the ground lost in the global recession, and then some… manufacturers… are doing more with a lot fewer workers. Robots, sensors and sophisticated software are transforming factory floors. The number of U.S. factory jobs is up a mere 3 per cent since 2008, to 12.3 million. And since the late 1990s, nearly 6 million manufacturing jobs have vanished. The trend shows no sign of abating… Bringing jobs back to the United States will increasingly hinge on building smarter factories, not ones dependent on protectionist walls.
Tags: economy, globalization, ideology, participation
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It pays – big – to be a Canadian CEO
… according to a new global ranking of average compensation, our chief executive officers are the fourth-highest-paid in 25 countries measured. The average in Canada is $9.32-million (U.S.), slightly behind Britain, a bit more behind Switzerland, and way behind the United States, to whom no other country comes close. The compensation packages, which takes in salaries, bonuses, pensions, perks and equity schemes, were taken from the public filings of companies listed in primary stock indexes
Tags: economy, globalization, ideology, participation, standard of living
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New Canadian study explains why working class should be angry
… in Canada, the productivity of labour — the amount workers produce per unit of effort — went up by over one per cent per year over the 38 years between 1976 and 2014. The average worker’s earnings, however, barely budged over that same period. The rise in wages was less than one-tenth of one per cent per year. Put differently, the rise in productivity was more than 10 times that of earnings.
Tags: economy, featured, globalization, ideology, participation, standard of living
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In Ottawa, TPP’s death could open the door to transparent trade dealing
Much of the TPP focused on economic regulation, such as intellectual property enforcement, health regulation and environmental standards. Trade agreements are a poor place to negotiate these issues… Mr. Trudeau’s government inherited a trade policy marked by secrecy, encroachment onto domestic regulation and little ambition to see Canadian policies reflected in the final texts. The TPP’s demise offers the chance for real change by pursuing trade agreements that offer economic gains and remain true to the commitment for an open and transparent government.
Tags: economy, globalization, ideology, jurisdiction, participation, rights
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Elites, elections, and the politics of alienation
… the long-range benefits of freer trade for the majority of people will outweigh any harms which trade liberalization may cause, especially in the short run. But one of the mistakes those of us advocating free trade have made was to fail to adequately recognize and address the fears and situations of those suffering those harms and to provide transition measures to alleviate them.
Tags: economy, globalization, ideology, participation, standard of living
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