Posts Tagged ‘economy’

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‘The rich and everybody else’: Financial inequality in Canada keeps growing 

Thursday, January 26th, 2023

Fifty per cent of  households are earning less than $16,000 to $17,000. That’s even after taxes and transfers and benefits. That gap between the 50 per cent of the population, roughly 8 million people or more, and that top 1 per cent of earners, a very small slice of the working population, is huge. And it’s growing bigger… Capitalism and democracy have always been in contestation. People want votes. People want rights. And they see that, usually, they can’t get them, because there’s a whole bunch of rich people who aren’t willing to do it.

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Real health innovation means investing where health begins

Wednesday, January 25th, 2023

According to health science, federal Liberal investments in child care, housing, poverty reduction, and climate action ARE investments in health. Federal leadership has been necessary because provinces have been retreating from investing in the social conditions that shape health and well-being. Any additional federal transfers for health ought to encourage provinces to achieve a better balance in their social and medical spending in order to promote health.

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Taking Back Health Care: How to Accelerate People-Centred Reform Now

Wednesday, January 25th, 2023

A set of public policies aimed at not just treating illness, but also promoting health and providing the infrastructure to support health resilience, will lead to a more affordable system in the long run and ultimately a greater public good… health is fundamental to the economic and social resiliency of our country and the well-being of its population. These expectations provide the road map for modernizing our health system.

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Where are your inflation dollars going? Inflation broken down by profit, wages and industry

Tuesday, January 24th, 2023

The data is clear—the largest driver of inflation is corporate profits… Of every dollar spent on higher prices in the last two years, 47 cents was converted into corporate profits in four industries, led by mining, oil and gas extraction, explains a new report by the Canadian Centre for Policy Alternatives (CCPA).

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Why don’t we zone for rental apartments?

Sunday, January 8th, 2023

The speculation-driven condo business model encourages high prices for land, a dynamic that favours firms that want to get in and out quickly instead of operating a rental building for decades… a dynamic encouraged by the strange fact that apartment buildings are taxed higher than condos. Today, we build almost nothing but condos.

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How workers are being sacrificed to a doctrine that intentionally keeps unemployment high

Saturday, December 24th, 2022

The economy risks serious recession from an interest shock that was neither necessary, nor effective in reducing inflation… Hundreds of thousands of Canadians could lose their jobs, and many their homes. Why? They’re being sacrificed to visibly reassert a doctrine that keeps unemployment deliberately high – not just to control inflation, but more importantly to control workers.

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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.

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Covid Vaccine Campaigns Saved $Billions In Damages

Thursday, December 15th, 2022

“Overall, our analysis shows vaccines were highly effective at reducing COVID-19 cases, hospitalizations and deaths – estimates suggest 21 percent fewer cases, 37 percent fewer hospitalizations and 34,900 fewer deaths (from January 2021 to May 2022),”

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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”

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Four ways the fall economic statement could help prepare all of us for the coming recession

Thursday, November 3rd, 2022

People are anxious. The world is talking about recession… What can the government do about any of it? Help those struggling to choose between heating or eating, or even between food or shelter, by asking a bit more from those who saw a windfall in corporate profits and shareholder dividends.  Here are four ways to do just that…

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