Archive for the ‘Economy/Employment’ Category
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A self-inflicted recession and a pointless sacrifice to a mystical two per cent god
Sunday, July 3rd, 2022
With unemployment low, we now face a devil’s choice between continued inflation and deliberate recession. We need other strategies for motivating growth when needed, and slowing it when it’s not. Other tools could be invoked right now to control inflation, such as strategic price controls, targeted taxes on corporations and high-income earners, and low-cost or free public services. But the dominant orthodoxy demands monetary austerity, and nothing else.
Tags: economy
Posted in Debates, Policy Context | No Comments »
Workers didn’t cause this inflation. And they shouldn’t have to pay for it
Sunday, May 29th, 2022
So long as the actual causes of inflation are addressed (by fixing supply chains, energy prices, and housing), inflation would then decelerate, even as wages keep up. Contingent wage protections (like cost-of-living adjustments) would also maintain the purchasing value of wages, without prompting higher inflation. To the limited extent that domestic demand pressures are reinforcing higher prices, it is better to use more focused and fair contractionary measures to dampen spending.
Tags: budget, economy, globalization, ideology, standard of living, tax
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Antiquated thinking about old age hinders Canada’s economic and social development
Tuesday, May 24th, 2022
A revised conception of old age would significantly decrease the number of people classified as old and would more accurately reflect the total number of people in Canada’s working age population. A modern definition would also mitigate stereotypes of older workers and ageism while prodding governments to reform outdated laws and provide a boost to an economy often facing worker shortages.
Tags: economy, ideology, participation, pensions, Seniors, standard of living, women
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Profit and affordable housing don’t mix. Period
Sunday, May 22nd, 2022
Canada has a long tradition of governments at all levels providing affordable housing. Absent a profit motive, they can, as they once did, provide decent homes at reasonable prices and rents… The profit motive has its place in our mixed economy. But it has failed us in the provision of affordable housing. Housing will not be a human right until we accompany that noble sentiment with an abundance of affordable shelter.
Tags: economy, homelessness, housing, ideology, participation, standard of living
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Energy companies profits are through the roof. They should share the wealth
Wednesday, May 18th, 2022
… the government backstopped the financial sector through the pandemic with billions of tax dollars that kept incomes up and the banks’ customers solvent. They benefited from government support, and now it’s time to pay some back… The energy companies are in a similar situation… The government ought to tax away some of the enormous profits pouring into the energy companies and use that money to support those being hit hardest.
Tags: budget, economy, featured, ideology, tax
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CERB is done, and it’s not coming back. Staring down the barrel of a recession gun, how are we going to fix this?
Wednesday, May 4th, 2022
… why not just bring back CERB when recession hits next time? Because it was too generous to be fiscally sustainable over the long run and not politically sustainable due to sectoral labour shortages. But today’s EI is not fit for purpose either. With less than four in 10 jobless workers able to access it, it’s too stingy. However, there is a lot of consensus on how to fix EI…
Tags: economy, globalization, ideology, participation, poverty, standard of living
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A closer look at the federal budget’s housing plan
Friday, April 29th, 2022
To improve its approach to housing, we suggest that the federal government: 1. Reaffirm its recognition of the right to adequate housing as a fundamental human right and use this principle to guide policy-making. 2. Establish a cohesive housing policy narrative… 3. Examine demand-side solutions… 4. Consider other factors that can affect the implementation of more housing supply.
Tags: budget, economy, housing, ideology, jurisdiction, participation, privatization, rights, standard of living
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Too many dangers in promised privatization of care economy
Tuesday, April 26th, 2022
People with complications are too costly… They’ll end up in an underfunded public not-for-profit system. More access to care through for-profit providers does nothing to address the shortage of health care and eldercare workers and early childhood educators. Cheaper, more equitable, high-quality care that creates good jobs won’t happen by expanding for-profit care. Here are 10 advantages of investing more in public and not-for-profit care.
Tags: budget, disabilities, economy, featured, Health, ideology, jurisdiction, privatization, standard of living
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Inflation is back to 1991 levels, but that doesn’t mean the federal budget should be a ’90s remix
Friday, April 22nd, 2022
The focus on boosting innovation and investment is a waste of time and money. Since the 1990s, evidence shows governments don’t know how to goose productivity or growth. But we know governments maximize potential when they invest in the foundations for everyone (affordable and accessible high-quality health, education, housing and communication, as a bare minimum).
Tags: budget, economy, housing, ideology, standard of living
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Amid spiralling costs for Canadians and atrocities abroad, deficit is not a dirty word
Wednesday, April 6th, 2022
… business pages are full of opinions that say there’s already too much spending, deficits are dangerously high, and so any new spending must focus on supporting — surprise! — business, the self-proclaimed source of wealth creation… It’s very likely we are under-taxing some of the most profitable businesses, so yes, apart from borrowing, there’s a fix for the “how ya gonna pay for it?” crowd… Those urging governments to trim spending look only at the costs of programs, and not the fiscal dividends of acting.
Tags: budget, child care, economy, featured, Health, housing, ideology, pharmaceutical, standard of living, tax
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