Posts Tagged ‘economy’

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Did free cash drive people to quit work? Not according to a new study of Ontario’s basic income experiment

Thursday, March 5th, 2020

Three-quarters of people who were employed before joining Ontario’s ill-fated basic income pilot project continued to work while receiving the no-strings-attached monthly stipend, according to a new study. And more than one-third of those low-wage workers were able to move to higher paying and more secure jobs… The findings shatter the belief among skeptics that basic income discourages people from working.

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Why Canada needs a new social contract for the digital economy

Thursday, March 5th, 2020

When Canada evolved from an agrarian economy to an industrial one, we developed a new social contract for the times — public education, a social safety net, securities legislation, laws about pollution, crime, traffic, workplace safety and countless non-governmental civil society organizations arose to help solve problems. It is time to update these agreements, create new institutions and renew the expectations and responsibilities that citizens should have about society.

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Don’t Listen to Big Pharma Lobbyists: Universal Pharmacare Would Be Good for Workers and Good for Business

Thursday, March 5th, 2020

… the average Canadian employer providing drug coverage would save $750 per year per employee under universal pharmacare… a universal pharmacare plan could save Canadian businesses as much as $14 billion annually because such a plan “would eliminate much of the cost of health-care plans that business owners pay to cover employees.” … “employers, free from soaring premiums, could pay employees better or reinvest in their businesses.” … [and] save Canadians $4.2 billion in annual prescription costs.

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Canada’s poverty rate declines, but strides less apparent for single people

Monday, February 24th, 2020

Canada’s poverty rate declined to a new low in 2018 as the number of low-income people has fallen by more than one million over a three-year period… The percentage of Canadians in poverty was 8.7 per cent, down from 9.5 per cent in 2017 and the lowest under the current formula, which is soon to be replaced… Statscan pointed to gains in market income – that is, income from employment, private pensions and investments – with making an impact… a government focus on child benefits – both at the federal and provincial levels – has also helped

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On the surface, Canada looks healthy – but don’t be fooled

Friday, February 21st, 2020

The characteristics that defined a trusted institution in the past are not the ones that make a trusted institution today. Today’s leaders are expected to lead with purpose and to address the issues that affect their communities and stakeholders, not just shareholders. For our institutions to build and maintain trust, we must embrace a new leadership model that prioritizes these behaviours.

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Employers complain about a ‘skills gap’ in Canada. But employers are part of the problem

Thursday, February 20th, 2020

… It’s time for employers to rediscover the value of investing in their own training programs. Government must play a role, of course, but by prodding employers to do a better job, rather than letting them off the hook entirely… And aggressive training plans should be a core feature of any government-supported industrial programs, technology grants or infrastructure projects.

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It’s time to rethink the social contract for our rapidly changing world

Monday, February 17th, 2020

… lifetimes are getting longer but… households are saving ever less to cover their retirement years … in 2017, more than… 41 per cent did not save for retirement; 20 per cent did not save at all; and 12 per cent do not have a six-month savings buffer… the labour market is changing in a way that some are being left behind, income polarization is only growing and it appears that every generation feels they are being denied access to the economic party.

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For both Alberta and Indigenous peoples, now is the winter of our disrespect

Friday, February 14th, 2020

… this isn’t about a mine any longer, or the environment, or the economy: it’s about respect… the closer you approach respect – reconciliation is another word – as an objective, in haste to atone for past sins, the faster it recedes. For without grievances, there is no leverage.

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We can’t afford to skimp on mental health services

Tuesday, January 28th, 2020

The stagnant model of care we continue to rely on didn’t even work 10 years ago, when far fewer people perceived mental health problems as legitimate and treatable… As the Hon. Michael Wilson, the late chair of the MHCC, once said: funding for mental health must include the “latitude for proving the sound economics of creative approaches.”

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Taxing the rich is but one tool for economic transformation

Friday, January 24th, 2020

Stakeholder capitalism and slight tax increases on the wealthy are, in effect, a glossy sales pitch to maintain the status quo, with slight concessions made to avoid bigger, more fundamental changes… Changes beyond tinkering will require more democratic control of the economy. For one, that means reversing the trend of privatizing of public services… New and bigger workers’ co-operatives and credit unions can also contribute to democratizing our economy.

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