The Progressive Economics Forum

A shorter version of this article appeared today in the Globe and Mail’s Economy Lab Have you noticed how common it has become to talk about replacing workers with even cheaper workers? If you’re looking over your shoulder, you’re not paranoid; you’re paying attention. There’s probably a cheaper you out there.  And in Canada, the [...]

Last week, the Ontario Public Service Employees Union released an interesting report by the Centre for Spatial Economics on the economic impact of proposed provincial budget cuts. It provides a timely reminder that the public sector is a crucial component of the economy, with public spending also supporting many private-sector jobs. The Centre for Spatial Economics [...]

This is my latest column for Canadian Business magazine.  Giorgio, a hard-working, smart-as-a-whip University of Toronto student, asked me a great question after a recent guest lecture: What if the biggest challenge facing Canadian businesses and governments in the coming years isn’t an aging society but the economic and fiscal drag of hundreds of thousands [...]

Andrew Jackson has started off this discussion with his post today looking at the job impacts of federal cuts.  I wanted to add my own two sense and some calculations that I’ve whipped up. Thankfully the federal budget has started to fill in some of the details of its latest round of cuts.  In particular, it [...]

Last Monday, BC teachers held a Day of Action in communities across the province to protest the BC government’s decision to legislate a contract and put an end to their collective bargaining process. I was invited to speak to teachers at the Surrey rally, where I had the opportunity to share some of my analysis [...]

A shorter version of this article appears today at Economy Lab, the Globe and Mail’s on-line business feature.  Capitalism has entered an ugly new era, one that may work well for the shareholders of world, but not for the rest of us. I couldn’t help but notice that, on the very same day Caterpillar shuttered [...]

Putting aside the impact of the proposed Enbridge pipeline on GHG emissions or spills on land and at sea, the case in favour of the pipeline rests on creating jobs. Personally, I think industry and government use “jobs” as a euphemism for “profits” as that is where the lion’s share of revenues go. But for [...]

Last month, the Canadian Federation of Students (CFS) released a document entitled Public Education for the Public Good:  A National Vision for Canada’s Post-Secondary Education System. I found the document to be quite informative, filled with a lot of useful statistics.  For example: -Enrolment is rising in colleges and universities across Canada. Since the late 1990s, full-time enrolment has [...]

Governments around the world are heading down a path to economic suicide. So said Nobel Prize-winning former chief economist of the World Bank, Joseph Stiglitz, to hundreds of well-heeled financiers and decision-makers who paid a bundle to hear him in Toronto. With a voice as gruff as gravel, and an energy bristling with urgency, he [...]

Newly-released data indicate that student debt is rising amongst new physicians in Canada. In 2010, 23 percent of medical residents reported having more than $120,000 in education-related debt upon completion of their residency training (as compared with just 17 percent in 2007). (Note: across Canada, average tuition fees for medical students amount to just over $10,000 a year.) This appears to have [...]

Pollsters tell us that Ontario’s New Democrats may double their seat total in next month’s provincial election. It’s also entirely conceivable that they could be part of a coalition government at Queen’s Park. But what’s actually in the party’s election platform? One central feature of the NDP’s proposals is to implement a tax credit for companies that hire new workers. The tax [...]

If you are interested in what BC’s new Premier Christy Clark is doing on the job creation front, check out a couple articles on the BC Policy Note blog (here and here). Like the Dance of the Seven Veils, the Jobs Plan is being revealed piece by piece over the next few days, and today [...]

A recent editorial in the Canadian Medical Association Journal looks at the use of “grade-boosting” stimulants (such as Ritalin) by Canadian post-secondary students. According to the editorial: “Universities and colleges are ground zero for ‘grade-boosting’ stimulant abuse.” The thrust of the editorial’s argument is that universities and colleges need to work proactively to reduce the misuse [...]

Arun Dubois’ blog post yesterday on Modern Monetary Theory has prompted me to write my own take on the subject.  For those interested, an interesting thumbnail sketch of MMT, essentially functional finance augmented by a full understanding of monetary operations, is explained here. While MMT deals with the details of monetary and fiscal matters, the [...]

Just over a year ago, I wrote an opinion piece about the federal government’s “innovation strategy” and its impact on the post-secondary education sector. In the piece, I argue that the strategy has resulted in significant funding increases for university R&D. But I also argue in the piece that the strategy creates winners and losers–i.e. a “world class” doctoral student [...]

Manufacturing jobs have been declinining as a percentage of total jobs in most OECD countries for several decades, with Ontario being especially hard-hit as a jurisdiction. At the end of the Second World War, manufacturing jobs accounted for 26% of all Canadian jobs; by 2007, this figure had dropped to just 12%. And as I’ve [...]

The following is the press release of a new initiative to examine the future of monetary policy, based on the core sentiment that growth is not enough. “Dynamic, stable and sustainable” is the goal, for the economy… and monetary policy. Full employment is featured as a key – and largely ignored – objective of central [...]

Today the CCPA released a study that I authored which examines and debunks one of the biggest contentions of this campaign, that corporate tax cuts create jobs. The payoff of corporate tax cuts has come under increasing scrutiny from various angles, although I focus specifically on job creation. To examine this contention, I took Canada’s [...]