What follows are the Chair’s conclusions from the G8 Employment Minister’s Conference in Dresden. I post this as an expample of the current conventional wisdom of social and labour market policy (which has changed a bit for the good in the wake of the most recent OECD JObs Studay) and as an aide memoire that Canada signed on to a […]
Read moreSince 2002, almost 250,000 manufacturing workers have lost their jobs because of the high dollar and our huge and growing trade deficit with developing Asian countries. Many are older workers who will typically face a long stretch of unemployment, followed by employment in a new job at much lower wages. Our Employment Insurance (EI) program still provides an important income […]
Read moreYesterday’s International Merchandise Trade Annual Review from StatsCan confirms the Mel Watkins thesis that Canada is rapidly reverting to its historical role as a commodity producer for the global economy. http://www.statcan.ca/Daily/English/070508/d070508a.htm From 2002, the Canadian dollar began to appreciate rapidly against the US dollar (and Asian currencies tied to the US dollar) in response to a commodity price boom, itself […]
Read more“Within the bank’s powerful executive board, support for Mr Wolfowitz has narrowed to just three countries – the US, Japan and Canada, although both the Japanese and Canadian governments have recently come under domestic pressure to withdraw their backing.” Â From today’s Guardian story on the imminent demise of the nepotistic neo con. http://business.guardian.co.uk/story/0,,2074592,00.htmlÂ
Read moreHow Denmark Paved Way To Energy Independence Thirty-Year Plan Uses Wind, Taxes, Pig Fat; Consumers Pay More By LEILA ABBOUD April 16, 2007; Page A1 HORSENS, Denmark — Nothing goes to waste in the new Danish Crown slaughterhouse in eastern Denmark. Even the inedible fat of 50,000 pigs killed and processed here each week is used to heat the plant. […]
Read more   The rich world’s policy on greenhouse gas now seems clear: millions will die Our governments have set the wrong targets to tackle climate change using outdated science, and they know it George Monbiot Tuesday May 1, 2007 The Guardian Rich nations seeking to cut climate change have this in common: they lie. You won’t find this statement in the […]
Read moreNew from McGill- Queen’s Press, this collection of Mel’s writings – edited by Hugh Grant and David Wolfe with an introduction by Wally Clement- is Canadian political economy at its very best. http://mqup.mcgill.ca/book.php?bookid=2001 Not only is Mel the leading post Harold Innis exponent of Canadian political economy, he was a key architect of the important synthesis between this intellectual tradition […]
Read moreI’ll be sorry to see Governor David Dodge leave the Bank of Canada. To be sure, I’ll take a good deal of critical distance from his and the Bank’s view that we are operating “above capacity” when real wages for at least the bottom half of the work force are flat, and I think monetary policy as a whole should […]
Read moreOne of the more arcane rituals of global economic governance is the annual meeting between G-8 labour leaders and the host of the annual G-8 summit (only Dubya refused to conform to the convention.) The statement to be presented to German Chancellor Merkel in a couple of weeks by CLC President Ken Georgetti and colleagues is, as as per past […]
Read moreA number of key critical points on the federal government’s “analysis” of the economic impacts of Kyoto – http://www.ec.gc.ca/doc/media/m_123/toc_eng.html – have already been made, including by Erin. http://progecon.wordpress.com/2007/04/20/inconvenient-truth/ A lot hinges on whether continued adherence to the protocol means that very large cuts have to be made to domestic emissions in a very short period of time – a key […]
Read morehttp://www.ccl-cca.ca/NR/rdonlyres/F6226BEA-0502-4A2D-A2E0-6A7C450C5212/0/connecting_dots_EN.pdf Based on the Executive Summary, this report seems worth a read. It seems to go beyond the common rhetoric on the need for more ‘human capital development in a knowledge-based economy’ to take a serious look at economic returns to firms from training – though the scale of the suggested benefits seems rather high. I’ve always leaned to the […]
Read moreFrom today’s FP – I’ve dropped the misleading headline – this is a much more reasoned piece than some recently and widely circulated short quotes from Buzz on the implications of Kyoto for workers. Friday, April 20, 2007 Â As the president of the Canadian Auto Workers Union, I often find myself taking controversial positions, usually with a strong opinion […]
Read moreSome good points in this piece. I just love Baird’s argument that “275,000 Canadians would lose their jobs, gasoline prices would jump 60 per cent and natural gas prices would double.” Sounds like just what has happened over the past couple of years as the result of the oil boom. Did 250,000 manufacturing workers lose their jobs because of […]
Read moreOTTAWA — Canada’s greenhouse gas (GHG) pollution will continue rising for several more years and remain well above Kyoto targets beyond 2020 if government plans leaked to Canadian Press and reviewed by the Climate Action Network Canada/Réseau action climat Canada (CAN-RAC) are implemented. The organization expects the federal government’s proposal for a new national GHG target to be […]
Read moreCanadian Aid Performance Declines in 2006: The OECD’s Development Assistance Committee (DAC) released preliminary statistics for ODA for 2006 and Canada is near the bottom, tied with Australia for 15th position among 22 donors.  At 0.30% of our Gross National Income (GNI) in 2006,  Canada is down from 0.34% in 2005. In both years, Canadian aid, along with other […]
Read moreI’ve pasted below an excellent column from the Toronto Star by Carol Goar. The CLC’s analysis of the issue and policy prescriptions are avaialable from: http://www.canadianlabour.ca/index.php/Salimah_Valiani/1117 As I’ve noted earlier, its pretty hard to square the “shortage of Canadian workers” story from employers with the avaialable data on (flat) wage growth. There are clearly some shortages of specific skills (eg […]
Read morehttp://www.cepr.net/index.php?option=com_content&task=view&id=1122&Itemid=77 This is a very nice piece from Dean Baker of the CEPR on the delinking of real worker pay from labour productivity growth in the US. I’ve argued for years, with much of the left, that average worker pay has lagged productivity growth mainly because of the increased bargaining power of capital vis a vis labour due to “globalization”, […]
Read moreBill C-30 – the Clean Air Act – is a strange beast – a government bill which was fundamentally re-written by the three opposition parties to finally move Canada towards a real national action plan to prevent catastrophic climate change.The media are so focused on the politics of climate change that little attention seems to have been paid to the […]
Read moreToday’s job numbers are good news in that they strongly suggest the economy is growing rather than slowing. Employment is up by a strong 55,000 jobs, the national unemployment rate remains at a relatively low 6.1%, and real wages are modestly rising. The overall jobs picture is a bit stronger than expected, and women are doing particularly well. (A record […]
Read moreROB columnist Eric Reguly is off to Europe. I’ve always enjoyed his rather iconoclastic business commentary, and will miss it (far too rare in the Globe.) Today’s parting shot identifies the culture of corporate Canada rather than public policy as the source of our poor performance in terms of global business leadership. What ails Canada: My parting shot It is […]
Read more This paper from Beaudry and Green seems highly relevant to the currently hot issue of community economic impacts from manufacturing job losses. Manufacturing jobs generally pay above average wages, and recent research suggests displaced industrial workers experience average wage losses in the range of 25%. http://papers.nber.org/papers/W13006  NBER Working Paper No. 13006 Issued in April 2007 NBER Program(s):   LS Does […]
Read moreThere has not been nearly enough Canadian discussion of this hot issue, especially given the spate of activity in Canada. Here’s info from a recent critical UK report (with thanks to Joel Harden). On 26 March the UK-based Work Foundation released a report on the social impact of private equity investment in the UK: “Inside the dark box: shedding light […]
Read moreA rather strange – not to say bizzarre – hypothesis on the Conservative decision to restrict income trusts was put forward today (March 31) by Green Party Leader and ostensible progressive, Elizabeth May. Speaking to the Council of Canadians Integrate this! conference on the “deep integration” Security and Prosperity Partnership with the US, May said she found allegations of revenue […]
Read moreThe expert panel on older workers appointed by the Minister of Human Resources and Social Development has released a short discussion paper. http://www.ow-ta-sec.org/en/consultation/discussion_paper.shtml The background to this panel (promised in the 2006 Budget) was a political push in 2005 for an income support program for displaced older workers – a particularly hot topic in Quebec and, increasingly, in Ontario given […]
Read moreOf more than passing interest given Harper’s ramped up subsidies to ethanol – more of a farm support program than a genuine climate change solution it would seem (though perhaps we should be more supportive of the newer biotechnologies which can convert wood and agricultural wastes to ethanol.) http://www.guardian.co.uk/commentisfree/story/0,,2043724,00.html If we want to save the planet, we need a five-year […]
Read moreFrom the Toronto Star March 23, 2007, p. A21. Working poor get little relief from Flaherty Upon closer inspection, the Conservative finance minister’s Working Income Tax Benefit falls way short of the original proposal first floated by his Liberal predecessor Ralph Goodale, notes John Stapleton March 23, 2007 There was much anticipation that the latest federal budget would […]
Read moreFinancial markets seem to be betting on an interest rate increase in the wake of news that the CPI year over year inflation rate jumped to (the horror, the horror!) 2.0% in February. A look at the numbers shows that any inflation problem beyond temporary gas price issues is pretty well confined to Alberta. Here, the year over year inflation […]
Read moreThe Budget (see pp. 214-215) promises $500 million per year for a new Labour Market Training Transfer to the provinces, starting next year (2008-09) and lasting for at least six years. The money will be divided between the provinces on an equal per person basis, and transferred under the terms of bilateral framework agreements which are to be negotiated with […]
Read morehttp://www.caledoninst.org/Publications/PDF/622ENG.pdf “There are several positive measures, most notably the Working Income Tax Benefit, the Registered Disability Savings Plan and the proposed changes to the Equalization program.  Other provisions, like the child tax credit, are a large cup of wasteful spending. The funds could have been far better spent on an increased Canada Child Tax Benefit, additional child care spaces or […]
Read moreI’ve posted below an interesting commentary from Dennis DesRosier in favour of gas tax increases as an alternative to the proposed incentive increases. His chart shows a near perfect correlation between monthly gas prices and % monthly auto sales going to entry level ( fuel efficient) vehicles. It strikes me that – to reduce the emissions intensity of motor vehicles […]
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