The low productivity of Canadian companies threatens our living standards

[RangerRay]

Behind a paywall…

Our productivity crisis will be exacerbated by the upcoming tariffs, but no one in Ottawa seems seized to fix it.

Opinion: Trump’s tariffs are about to exacerbate Canada’s productivity crisis. Will our legislators finally take action?

If Canada falls further behind the United States and other industrialized countries when it comes to labour productivity, our standard of living will take a serious hit

www.theglobeandmail.com

 

[Good2Golf]

Behind a paywall…

Our productivity crisis will be exacerbated by the upcoming tariffs, but no one in Ottawa seems seized to fix it.

Opinion: Trump’s tariffs are about to exacerbate Canada’s productivity crisis. Will our legislators finally take action?

If Canada falls further behind the United States and other industrialized countries when it comes to labour productivity, our standard of living will take a serious hit

www.theglobeandmail.com

Low productivity exacerbated by a Government policy to remove oil and gas revenues from Canada’s economy.

Part of why Canadian per capita GDP is 32% lower than US pc GDP and worsening…

Trevor Tombe: The Great Divergence: Canada’s economic gap with the U.S. reaches a new record

thehub.ca

 

[daftandbarmy]

Low productivity exacerbated by a Government policy to remove oil and gas revenues from Canada’s economy.

Part of why Canadian per capita GDP is 32% lower than US pc GDP and worsening…

Trevor Tombe: The Great Divergence: Canada’s economic gap with the U.S. reaches a new record

thehub.ca

And a bunch of other stuff too...

The productivity problem​

Senior Deputy Governor Carolyn Rogers talks about some of the reasons for Canada’s poor productivity track record, and what we can do to turn the tide.

What’s behind highly productive economies​

Three elements contribute to stronger productivity:

• capital intensity—giving workers better physical tools like machinery, and using new technologies to improve efficiency and output
• labour composition—improving workers’ skills and training
• multifactor productivity—using capital and labour more efficiently

Considering these, there are two basic strategies to improve productivity: focus the economy on industries that add greater value, and be more efficient with the work we’re currently doing. Canada generally hasn’t performed well on either front. This needs to change if we want to ensure a stable and prosperous economy for everyone.

Canada needs to do better​

When we look at the factors that drive high productivity, we see some clear areas for improvement.

Canada can focus more on making sure the training and education we provide teach the skills we need for jobs today and in the future. This includes post-secondary learning and apprenticeship programs that better respond to what employers are looking for. It also involves leveraging the skill sets of the many new Canadians who immigrate here.

A more competitive business environment would also help drive greater innovation and efficiency. This is particularly important for small and medium-sized businesses that can’t take advantage of the economies of scale afforded to larger companies.

Perhaps most importantly, Canada’s investment levels are nowhere near as high as they should be in the areas of machinery, equipment and intellectual property. In fact, investment levels have decreased over the past decade.

The productivity problem

Senior Deputy Governor Carolyn Rogers talks about some of the reasons for Canada’s poor productivity track record, and what we can do to turn the tide.

www.bankofcanada.ca

 

[Good2Golf]

Perhaps most importantly, Canada’s investment levels are nowhere near as high as they should be in the areas of machinery, equipment and intellectual property. In fact, investment levels have decreased over the past decade.

Well, post-nation states don’t need anything specifically tied to a national identity as they’re no longer a nation. The previous citizens of the nation state are now global citizens unburdened by any kind of national pride.

 

[daftandbarmy]

Well, post-nation states don’t need anything specifically tied to a national identity as they’re no longer a nation. The previous citizens of the nation state are now global citizens unburdened by any kind of national pride.

It's a failed experiment, and we're the collateral damage....

Trudeau erasing Canadian history to achieve his post-national vision​

Many Canadians now appreciate the full context of Justin Trudeau’s comment back in 2015, when he surmised that Canada would become the “first post-national state.” Having just become Prime Minister of the country, Trudeau stated in that often-quoted New York Times interview, “There is no core identity, no mainstream in Canada” when it comes to our national identity.

Perhaps Trudeau was off-side to say that in 2015, however, as a result of his systematic approach through the last eight years, PM Trudeau and his political operatives have effectively been erasing Canadian history to achieve his post-national vision.

As a point of reference, Wikipedia provides a definition of post-nationalism as: “the process or trend by which nation states and national identities lose their importance relative to cross-nation and self-organized or supranational and global entities as well as local entities.” The factors constituting the post-national process include shifting national economies to global ones, increasingly referencing global identities and beliefs, and transferring national authorities to multinational corporations and the United Nations.

Trudeau erasing Canadian history to achieve his post-national vision

Since taking power in 2015, Prime Minister Justin Trudeau and his allies have systematically sought to, at best, minimize and, at worst, expunge everything that makes Canada a unique and laudable nation. Photo credit: The Canadian Press/Graham Hughes Many Canadians now appreciate the full...

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