Archive for the ‘Economy/Employment’ Category

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Next Economy: Flourishing in a Not-for-Profit World?

Monday, August 29th, 2016

A not-for-profit world could create the space for us to acknowledge that human needs are complex, and that not all of them are best met by a marketplace driven by for-profit corporations. Rather than relying on the market to figure out how to meet those needs all the time, a not-for-profit world creates space for us to meet the portion of our needs outside of the market through more free time, stronger communities, more personal connection and generally higher levels of well being.

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By ignoring free trade’s excesses, we lost those on the margins

Saturday, August 27th, 2016

At the core of these paradoxes is a conflict of globalization with national sovereignty, and their mutual conflict with democracy – something long understood by political scientists but until recently only dimly perceived by economists. Voters resist both free trade and immigration that threatens their jobs, and nations resist treaties that undermine their sovereignty – even when forgoing them carries an economic cost.

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Keep the tax on online imports and stop favouring U.S. interests

Monday, August 22nd, 2016

… there has been a one-sided push by online U.S. retailers, shipping companies like UPS, FedEx and DHL, as well as the Washington-based Canadian American Business Council, to pressure Ottawa to boost Canada’s $20 exemption limit on products entering Canada to $200. It is an attempt to alter our tax system to benefit online retail companies located abroad. It would also steamroll small and medium-sized Canadian retailers in communities across Canada.

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Ontario’s top priority

Friday, August 19th, 2016

Ontario has made a deliberate decision to invest in a high-skill, high-wage economy, and when you look at the numbers, you can see the benefits. Our unemployment rate is at an eight-year low of 6.4 per cent, and we recently announced that our economy posted stronger GDP growth than Canada, the United States and all other G7 countries. Ontario’s economy is growing faster than Michigan’s when you look at real GDP

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Innovation and talent acquisition can solve our growth dilemma

Thursday, August 18th, 2016

Canada needs a robust national access-to-talent strategy. We should increase immigration. By 2025, 30 per cent of our population will be 60 and older – to mitigate this imbalance, Canada would need to increase immigration for each of the next five years to one million people. If we focus this intake on skilled newcomers between the ages of 20 and 39, it would shift our overall proportion of that band from 25 per cent to 32 per cent of the population.

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The evolution of the labour market is leaving government regulation in the dust

Tuesday, August 16th, 2016

We could broaden the definition of “employee” to capture a greater range of workers. Labour ministries could also do more to prevent employers from misclassifying workers as independent contractors when they bear the markers of employees. The law could also ensure that part-time employees receive proportionally equal wages and benefits as full-time employees when they perform the same work. Currently… only two provinces prohibit wage and benefit discrimination between full- and part-time workers. This creates an incentive for employers to hire part-time workers over full-time ones

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Dinging the rent-seekers

Tuesday, August 16th, 2016

Business leaders try to maximize economic rents; economists try to keep them as close to zero as possible… winners aren’t much interested in abandoning their privileged status in order to increase total incomes. And since rent-seekers are invariably well-connected in political circles… they’re usually pretty good at defending their positions… Moreover, the usual policy remedies for dealing with rent seeking are losing political support…. figuring out the technicalities of taxing economic rents is going to move higher up on the policy agenda.

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The secret to strong economies isn’t faster growth, it’s no recessions

Tuesday, August 16th, 2016

Most of the world’s wealthiest and best-governed countries got there without super-rapid bursts of growth. Denmark… frequently ranked as one of the happiest countries in the world, never experienced what anyone would call an economic miracle… in the 1990s, the country lowered its unemployment rate without having to dismantle its welfare state… In the next generation, the emerging economies may return to these 19th century patterns.

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Are we living in a social economy, or a precarious one?

Monday, August 15th, 2016

Canada abounds with people who are helping to chart the future of work, but there are many more who struggle to find their places, to launch their ideas, to secure sufficient income. For those left behind, the economic and social effects can be profound and troubling. Pro-active and innovative university preparation is a critical piece of the puzzle, but more is needed: support from the business community, consumers and policy-makers to ensure that a generation isn’t lost.

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Liberals defied global trend in reversing OAS age eligibility

Wednesday, August 10th, 2016

The Liberal government reversed a policy to raise the eligibility age for Old Age Security to 67 in spite of arguments from bureaucrats that the move would be bucking a trend among developed countries. Australia, France, Germany, Italy, Poland, Britain and the United States are among the countries that plan to raise their equivalent pension ages to 67 or higher… The government has not yet produced a report outlining the long-term fiscal consequences of its recent policy changes, but it has promised to release one later this year.

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