Archive for the ‘Policy Context’ Category
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Humans aren’t widgets, and Canadian workers are not in ‘short supply’
Saturday, February 11th, 2023
Tiff Macklem, Governor of the Bank of Canada, also cites employers’ complaints as justification for painful interest rate hikes. He aims to ‘solve’ the labour shortage by deliberately raising unemployment… The federal government, too, is catering to employers by increasing immigration targets… Properly planned and supported immigration is good for the economy and for society. But importing masses of workers just to make life easier for employers is the wrong way to do it
Tags: economy, globalization, ideology, immigration, standard of living
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Financing Employment Insurance Reform: Finding the Right Balance
Friday, December 16th, 2022
… the federal government is facing pressures to avoid increasing EI premiums as many businesses are still recovering from the pandemic and are likely to face another economic downturn. And while some have called for the federal government to contribute financially to the program to limit premium increases, others have expressed concern about burdening taxpayers and adding to the federal debt.
Tags: budget, economy, ideology, participation, standard of living, tax
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Let’s Fix Bill C-228 Before It’s Too Late
Monday, December 12th, 2022
Bill C-228 will affect that delicate balance by impeding access to capital in a way that will not foster expansion of cost-efficient plans, like defined benefit plans. It won’t fortify pension security or even maintain current levels of future benefit accrual. This is a terrible bill. It will not strengthen our pension system. It will weaken it.
Tags: ideology, pensions, rights, standard of living
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Ottawa Should Soften Bite Of Benefit Clawbacks For Low-Income Families
Wednesday, November 30th, 2022
… the “participation” tax rate (PTR)… is the cumulative effect of all taxes and loss of fiscal benefits on the entire prospective earnings from work. For a stay-at-home parent, it represents the financial penalty paid out of the total income derived from getting a job… The paper recommends the federal government: Implement “benefit shields”… Allow income averaging… [and] Replace the federal childcare expense tax deduction with a refundable credit
Tags: jurisdiction, participation, poverty, standard of living
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By the numbers: Here’s the living wage in 10 Ontario regions
Thursday, November 17th, 2022
In Ontario, the minimum wage is now $15.50 per hour, having risen from $15 in October. According to the OLWN, in 2021, the highest living wage was $22.08 for residents in Toronto… “It doesn’t account for debt repayment or saving for education… “we’re talking about the barest living wage for workers to thrive, to have a family, to participate in our society”
Tags: economy, ideology, jurisdiction, poverty, standard of living
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For millions of Ontario workers living on a knife’s edge, paid sick days would be a huge boon. It would also benefit everyone else
Sunday, November 13th, 2022
Employer-paid sick days are desperately needed to improve the mental health and well-being of workers, especially low-income, racialized and non-unionized workers who are least likely to have paid sick days or workplace benefits of any kind… Legislating employers to provide an adequate number of paid sick days is necessary to protect workers from unjust termination and unsustainable financial strain.
Tags: Health, ideology, jurisdiction, mental Health, standard of living
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Correcting Course: Employment Insurance Needs a Redesign to Counter Recessions and Achieve Equity
Tuesday, October 11th, 2022
As a primary pillar of Canada’s social safety net, Employment Insurance (EI)… has also gone off track from its original main goal: to provide insurance against unpredictable job losses… The authors make three main policy recommendations: (i) Implement uniform or more universal entrance requirements. (ii) Sharply reduce the number of EI regions. (iii) Improve the responsiveness of the benefit duration formula to labour market downturns and recoveries.
Tags: economy, ideology, jurisdiction, standard of living
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We’re losing workers, not jobs
Saturday, September 17th, 2022
It turns out that inflationary pressures are caused by pent-up retirements as well as pent-up spending. And those inflation-causing labour shortages are set to worsen before they improve… The worker shortages hold back economic growth and keep Canada’s productivity growth rates at notoriously low levels. Solutions include fast-tracking immigrants into jobs; experimenting with four-day work weeks and other hybrids; luring retirees back into the workforce; and closing the gender pay gap.
Tags: economy, globalization, immigration, participation, standard of living
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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
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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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