Posts Tagged ‘pensions’
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Demise of Sears Canada should be catalyst for change
… to prevent this sort of fiasco… chang[e] our corporate laws so that those controlling corporations can be held personally liable for money owed to their employees… Wealthy capitalists used to be personally responsible for unpaid wages when their businesses went under. But capitalists fought hard in the late 19th and early 20th century to win the right to limit their liability. At first they won only a partial limit, but over the years U.S. and Canadian courts have extended that limit.
Tags: economy, ideology, pensions, rights
Posted in Policy Context | No Comments »
Good jobs improve health and profits
Bill 148 plans to increase the minimum wage to $15/hour and guarantees 10 personal emergency leave days a year (of which two are paid) for all Ontario workers, among other measures. These are exactly the types of policies we need to start seeing more of, and it is wonderful to see businesses also advocating for a healthy workforce and a healthier Ontario.
Tags: economy, Health, ideology, participation, pensions, standard of living
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The missing middle
Since the Great Recession, temp work has grown 12 times faster than permanent employment for so-called prime-age workers, or those between the ages of 25 and 54… prime-age workers are finding it increasingly difficult to secure permanent jobs – there were 52,000 fewer of them working in permanent positions last year than there were in 2008… The cohort with the highest skills, meanwhile, are enjoying the biggest pay raises.
Tags: economy, featured, participation, pensions, poverty, standard of living
Posted in History | No Comments »
Sears shows us the wisdom of defined-contribution pensions
Critics of defined-contribution plans dislike the non-specific dollar amounts that would accrue to retirees – again, contributions plus investment returns determine eventual pension paycheques. But… defined-contribution plans are more realistic given they are linked with market returns. Also… defined-contribution plans belong to individual employees from the start.
Tags: economy, featured, ideology, pensions, standard of living
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Cancel the panic: Canadians have been borrowing like crazy for good reason
… even with any small forecast increases, interest rates remain low and the Canadian economy has performed adequately in terms of employment with relatively low unemployment rates. Moreover, while these macroeconomic factors are of concern, they should also be kept in context. Despite record high levels of household-sector debt, there are also record high levels of net worth.
Tags: economy, ideology, pensions, standard of living
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Kathleen Wynne’s modest blueprint for attacking precarious work
Precarious work makes life chaotic. It also contributes to income inequality. While the ultimate cause of precarious work lies in the globalized economy, governments can take mitigating measures to ease the pain… the report recommends that those allegedly self-employed persons who rely on one firm for their livelihood be granted all employee benefits… Some of the report’s recommendations, such as requiring employers to pay equivalent full- and part-time workers the same wage, reflect basic notions of fairness.
Tags: economy, featured, globalization, ideology, jurisdiction, pensions, standard of living
Posted in Policy Context | No Comments »
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