Main menu:

History of RPE Thought

Posts by Tag

RSS New from the CCPA

  • Canada’s Fossil-Fuelled Pensions June 22, 2018
    The British Columbia Investment Management Corporation is the steward of BC’s public pensions, but bankrolls companies whose current business models exceed the climate change targets agreed to in the Paris Agreement to which Canada is a signatory. The pensions of over 500,000 British Columbians and assets worth $135 billion are managed by the Corporation—-one of Canada's largest […]
    Canadian Centre for Policy Alternatives
  • Imagine a Winnipeg...2018 Alternative Municipal Budget June 18, 2018
    Climate change; stagnant global economic growth; political polarization; growing inequality.  Our city finds itself dealing with all these issues, and more at once. The 2018 Alternative Municipal Budget (AMB) is a community response that shows how the city can deal with all these issues and balance the budget.
    Canadian Centre for Policy Alternatives
  • Why would a boom town need charity? Inequities in Saskatchewan’s oil boom and bust May 23, 2018
    When we think of a “boomtown,” we often imagine a formerly sleepy rural town suddenly awash in wealth and economic expansion. It might surprise some to learn that for many municipalities in oil-producing regions in Saskatchewan, the costs of servicing the oil boom can outweigh the benefits. A Prairie Patchwork: Reliance on Oil Industry Philanthropy […]
    Canadian Centre for Policy Alternatives
  • What are Canada’s energy options in a carbon-constrained world? May 1, 2018
    Canada faces some very difficult choices in maintaining energy security while meeting emissions reduction targets.  A new study by veteran earth scientist David Hughes—published through the Corporate Mapping Project, the Canadian Centre for Policy Alternatives and the Parkland Institute—is a comprehensive assessment of Canada’s energy systems in light of the need to maintain energy security and […]
    Canadian Centre for Policy Alternatives
  • The 2018 Living Wage for Metro Vancouver April 25, 2018
    The cost of raising a family in British Columbia increased slightly from 2017 to 2018. A $20.91 hourly wage is needed to cover the costs of raising a family in Metro Vancouver, up from $20.61 per hour in 2017 due to soaring housing costs. This is the hourly wage that two working parents with two young children […]
    Canadian Centre for Policy Alternatives
Progressive Bloggers

Meta

Recent Blog Posts

Posts by Author

Recent Blog Comments

The Progressive Economics Forum

More People Chase Fewer Jobs

Further to Angella’s excellent analysis:

Statistics Canada reported today that unemployment jumped by 25,700 in June because of shrinking employment and a growing labour force. Canada’s labour force expanded because of population growth, even though the participation rate did not increase. The combination of less employment and a larger working-age population depressed the employment rate to 61.4% – its lowest level since January 2010.

The Harper government has long trumpeted having a stronger job market than the US. In June, the unemployment rate rose in Canada but fell in the US. Statistics Canada reports that it is now the same on both sides of the border, even after adjusting for methodological differences between the two countries.

Continuing evidence of a weak Canadian labour market underscores the need for public investment in important services and infrastructure to help create jobs. Austerity is the wrong priority for federal and provincial governments.

UPDATE (July 12): Quoted by Canadian Press and today’s Toronto Star (page B1).

Enjoy and share:

Comments

Comment from Larry Kazdan
Time: July 17, 2014, 4:52 am

National Post: Spend like there’s no tomorrow

Re: Ontario’s ‘Principled Griping,’ Andrew Coyne, July 15.

According to the federal government, increases in fiscal transfers to the provinces should not exceed the growth rate of the economy, but what is the rationale for this rule? The existence of 1.3 million unemployed Canadians shows that there is a massive amount of slack in the system. Instead of blaming the provinces for deficits and advocating austerity measures, the federal government should put people to work by dramatically increasing spending.

Instead of initiating infrastructure renewal and job-creation programs entirely on its own, the federal government should delegate responsibility by increased transfers to provinces and municipalities that already have lists of much-needed projects and are desperate for funds. As John Maynard Keynes advised during the Great Depression, “Look after the unemployment, and the budget will look after itself.”

Larry Kazdan, Vancouver.

http://fullcomment.nationalpost.com/2014/07/16/todays-letters-hamas-is-responsible-for-the-suffering-in-gaza/

Write a comment





Related articles