BUSINESS WEEK, JUNE 18, 2007 http://www.businessweek.com/magazine/content/07_25/b4039001.htm COVER STORY By Michael Mandel The Real Cost Of Offshoring U.S. data show that moving jobs overseas hasn’t hurt the economy. Here’s why those stats are wrong Whenever critics of globalization complain about the loss of American jobs to low-cost countries such as China and India, supporters point to the powerful performance of the […]
Read moreAfter a week of public hearings, CanWest’s long-time Saskatchewan political columnist has essentially come out against TILMA. The following lines are from Murray Mandryk’s column in today’s Regina Leader-Post: The unions and the left have been raising some very valid questions over why Saskatchewan needs to sign on to this trade agreement and what the impact might be if we […]
Read moreOver at Worthwhile Canadian Initiative, Stephen Gordon has assembled an interesting comparison of the current expansion vis-a-vis the previous two (roughly, the 1980s and the 1990s), benchmarking performance on a number of key indicators. One of his conclusions is rather unusual: he finds strong real wage growth over the past four years. This is contrary to the numbers I have […]
Read moreWhat follows is a revised and extended version of the comments I made at a panel on the Canadian economy organized by the Bank of Canada and the IMF at the recent Canadian Economics Association meetings. An Update on Canada’s Two Economies – Implications for Workers and for Monetary Policy Andrew Jackson Chief Economist Canadian Labour Congress The Hidden Jobs […]
Read moreToday’s labour force survey shows an alarming deterioration in job quality and gives the lie to the idea that Canada has a very tight job market just because we have a low unemployment rate. In May, we lost 58,000 paid jobs in the private sector, offset by a big jump in self-employment (up by 56,000.) Fully two-thirds (69%) of the […]
Read moreA couple of hours ago, Industry Canada put out the following press release. In forecasting this release last night, Canadian Press again repeated the Conference Board’s thoroughly discredited estimates of TILMA’s benefits. As far as I know, the proposed April 2009 deadline for “full labour mobility” is the deadline toward which provincial governments were already working with the regulated professions […]
Read moreOn Tuesday, I testified before the Saskatchewan Legislative Assembly’s Standing Committee on the Economy, which is holding public hearings on joining TILMA. The Legislative Assembly is broadcasting the hearings and promptly posting the recordings. To see my presentation, click “Video 1” for June 5 and use the bar immediately below the screen to advance the time to 48.5 minutes. A […]
Read moreThe Economist (Charging around the city: How green and safe are they?) asks about the safety of electric cars on the streets of London. But to me, the big news is that there are electric cars on the streets of London! I mean, how cool is that? I saw a documentary last year called, Who Killed the Electric Car? (wee […]
Read moreSome fascinating and counter-intuitive insights about traffic management from an article in Vancouver magazine. I have tried to de-Vancouverize it somewhat to distill the key insights that are more broadly applicable, but it is ultimately an article about Vancouver, with its somewhat contrary starting point of not having freeways going into the heart of the city: … In 1968, the […]
Read moreWay back in 2003, the CCPA produced a cost-benefit analysis of the 2010 Olympic Games. I think it still stands the test of time, and in any event it was the only such document produced that attempted to distinguish between costs and benefits in a coherent framework (the government tended to confuse the two, with public spending being treated as […]
Read moreThe Caledon Institute’s Sherri Torjman articulates some repairs to Canada’s social safety net. Below are the key elements of the proposal (full paper here). My main substantive critique is that, like its predecessor discussion piece last year, Torjman envisions a strange mix of delivery, going from federal in the short-term to provincial in the medium-term, then back to federal in […]
Read moreThe National Energy Board is holding hearings into the proposal to ship Alberta tar sands bitumen to the US for further refining – something of a reductio ad absurdum in terms of resource-led development. Fred Wilson from CEP is writing a daily blog from the hearings where his union, the Parkland Institute and other Alberta progressives are intervenors. If you […]
Read moreLimiting global temperature increase to 2 degrees is a good objective because above that amount the likelihood of runaway climate change (melting of Greenland and the Arctic; release of methane from permafrost in the North) is really serious. So this news that the US is not interested in this issue is depressing. Not that communiques coming out of the G8 […]
Read moreBusiness Week (May 28 issue) documents how US big oil is ploughing the windfall gains from high prices into share buy backs rather than new production. Exxon Mobil – the world’s most profitable company – pumped out $49 Billion in operating cash flow last year, just 40% went into new capital expenditures, down from 50% in 2000. The other 60% […]
Read moreFrom my morning e mail – bold added. <<Picture (Metafile)>> Le français suit On behalf of Chummer Farina, Director General, Policy and Sector Services Branch, Industry Canada Dear Sir or Madam: I am pleased to invite you to the Global Value Chains Conference to be hosted by Industry Canada on September 25-26, 2007. This by-invitation Conference is expected to involve […]
Read morePerhaps I’m channeling Hugh Mackenzie here, but I sense this means another opportunity for Big Oil to gouge consumers at the pump, yet again. Ironically, gas gouging has done more to increase gas prices than any plan by the Greens. While some people have defended the practice on environmental grounds, I’d much rather have government capturing those revenues, not Exxon, […]
Read moreChalk up another gimmick for Elizabeth May, with the Green’s carbon tax plan that promises, literally, the world, but falls apart upon examination. Don’t get me wrong: carbon tax may well be the way to go, because of its ease of administration compared to other schemes. But a major issue is that we have little idea empirically on how large […]
Read moreThe Canadian Union of Public Employees released Steven Shrybman’s second assessment of TILMA at this year’s Federation of Canadian Municipalities meeting. His first was for the Ontario Federation of Labour. Alberta-BC trade deal will undermine Municipal authority June 2, 2007 09:38 AM Calgary – A legal opinion produced by Sack Goldblatt Mitchell sheds damaging new light on the recent Alberta-BC Trade, […]
Read moreOver the last little while, some of my compadres here at Relentlessly Progressive Economics have intuited and sometimes even insisted that while Stéphane Dion’s socially liberal bona fides are not in question, his economic policy proposals place him well to the right of centre. Well, now we have proof from none other than Mr. Dion himself. Witness (see below), for […]
Read moreAt this year’s Canadian Economics Association meetings, the Progressive Economics Forum was thrilled to have James Galbraith come to inaugurate the John Kenneth Galbraith Prize and Lecture, to be given biannually, with the first Prize awarded next year at the CEA meetings in Vancouver, which will also be the tenth anniversary of the PEF. Here is the text of the […]
Read moreThe following op-ed, which is printed in today’s Vancouver Sun, picks up some key themes from this blog:   Subsidizing the transfer of jobs abroad Vancouver Sun Monday, June 4, 2007 Page: A7 Section: Editorial Byline: Erin Weir Source: Special to the Sun At a time when Kitimat and many other Canadian communities are losing manufacturing jobs, why would […]
Read moreAn article on the end of militant anti-globalization protests may seem odd given what happened at the G-8 meetings, but the following piece is interesting nonetheless: IMAGES Julie Oliver, the Ottawa Citizen Police in riot gear move up Elgin Street during the 2001 protest at the G20 summit. Taking it off the streets; Where did the anti-globalization movement go? In […]
Read moreWhile we’re all breathlessly awaiting the federal government’s long-promised revisions to the Copyright Act, interested parties may want to check out Bill C-47, the federal government’s proposed legislation to grant extra special intellectual property right protection for the Olympic movement and its related symbols. For a summary of the legislation, check out the Library of Parliament’s legislative summary, kindly referenced […]
Read moreArun DuBois signing in after a long absence. I’m breaking radio silence because (a) I suddenly have a bit more free time (how do the rest of you do it? You folks are machines!); and (b) my righteous indignation has been stoked to full throttle this week after reading one too many Globe and Mail story quoting seemingly disinterested financial-sector […]
Read moreMay 29, 2007 OTTAWA – The leaders of Canada’s most important unions and of all the provincial and territorial federations of labour, meeting in Ottawa today as the Executive Council of the Canadian Labour Congress, adopted and issued the following statement: “The soaring Canadian dollar is one of the major factors behind the loss of 250,000 reasonably well-paid manufacturing jobs […]
Read moreIn today’s column, Andrew Coyne examines the Conservative government’s decision to increase parliamentary representation in line with population growth for Alberta and BC, but not for Ontario. He suggests that this move is designed to appease Quebec, while steering clear of the obvious motive: additional Alberta/BC ridings are far more likely than additional Ontario ridings to elect Conservatives. PS – […]
Read moreToday’s National Post features a stinging reply from Deborah Bourque to Andrew Coyne’s critique of Canada’s postal monopoly. I have no expertise on comparative international postal systems, but the facts outlined by Bourque seem to do serious damage to Coyne’s argument. At this point, the debate appears to pit hard evidence regarding Canada Post’s low cost against anecdotes regarding its […]
Read moreProgressives often present corporate-tax cuts as having transferred billions of dollars from the Canadian government to big business. This characterization is largely correct, but neglects the fact that many foreign-based corporations operating in Canada are also taxed on a worldwide basis by foreign governments. To the extent that corporations in Canada are affiliates of American and Japanese multinationals, Canadian corporate-tax […]
Read moreA study released by Statistics Canada today concludes that “Immigration has tended to lower wages in both Canada and the United States.” Of course, immigration is but one of many influences on wages and class divisions are of far greater economic significance than any supposed conflict between immigrant and non-immigrant workers. Nevertheless, this issue has the potential to be quite […]
Read moreA year ago, I was concerned that the Harper government, in the name of “fixing” the “fiscal imbalance”, would endorse ideas coming from the Canadian Council of Chief Executives and the CD Howe Institute for a radical decentralization of fiscal federalism. This would have entailed eliminating the non-equalization transfers to the provinces (that fund health care, post-secondary education and social […]
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