Moody's study recognizes danger stagnating wages pose to economy

A study by Moody’s Analytics shows the danger to the economy when inequality increases.

As wages for most workers stagnated and families paid the cost of cuts to public services household debt rose. The debt to income ratio is now 150%.

“Competitive” wages means $13/hour

 

Last months news that the corporate executives meeting with the federal finance minister wanted measures to push down wages wasn't a surprise. There are a lot of corporate CEOs, so-called “think tanks” they fund, and right wing media commentators saying that, to rebuild our manufacturing sector, wages need to be “competitive”. What they never seem to mention is how much a competitive wage would be.

Jim Flaherty, Dwight Duncan, and Mark Carney feeling betrayed

 

The recent complaints about corporations sitting on cash surpluses from Jim Flaherty, Dwight Duncan, and Mark Carney reflect a sense of betrayal. They all championed tax cuts for large corporations expecting that the tax cuts would be invested in ways that would help the economy recover.

Northern Gateway and Nexen show need for modern industrial strategy

 

The fact a last minute proposal to more than triple the cost of the Northern Gateway project by adding a $13 billion oil refinery is being taken seriously in many quarters highlights the problems caused by not having a modern industrial strategy in Canada. 

James Clancy, Member, Canadians for a Modern Industrial Stategy

What is a national energy strategy?

 

Joseph Arvai

Published at http://www.theglobeandmail.com/commentary/what-is-a-national-energy-stra...

Alberta Premier Alison Redford is right: Canada clearly needs to develop a national energy strategy. But where many of our national and provincial leaders are wrong is in how they define what a national energy strategy is.

Canada's Humiliating Entry into TPP Trade Deal

There are fears that, in it's eagerness to get Canada into the Trans Pacific Partnership the federal government may have made concessions that will harm Canada's agriculture and cultural sectors.

 

Scott Sinclair

The Harper government's frantic efforts to join the Trans-Pacific Partnership (TPP) negotiations came to fruition last week, with the announcement that Canada will be admitted to the talks.

New report presents solutions to manage economic downsides of oilsands development

A look how Canada's economy is becoming increasingly dependent on one sector – a problem an industrial strategy would prevent. 

 

Published at: http://www.pembina.org/media-release/2344

Pembina Institute analysis identifies significant challenges for the Canadian economy if impacts of the oilsands boom are left unaddressed


May 30, 2012

Uneconomic Growth

An argument heard increasingly is that in wealthy countries, the benefits of growth are limited and the cost to the environment is considerable. Peter Victor's article looks at whether growth is creating more problems than it solves. His book, Managing without growth, looks at how an economy would function without growth.

 

Peter A. Victor

Ottawa’s industrial policy divides Canada against itself

The lack of a federal industrial strategy is fuelling tensions between different regions in Canada.

 

Lawrence Martin
Globe and Mail
May 15, 2012

Canada's McJob Crisis

James Clancy of NUPGE talks about Canada's need for an industrial strategy.  

The video looks at how Canada is shipping much of its raw materials overseas and buying back finished products. None of the work processing those raw materials or creating finished goods is done in Canada. At the same time many young people are having to string together several low paid service sector McJobs to survive.

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