A labour shortage will reduce income inequality. But inflation will trend higher
Written by economists Charles Goodhart and Manoj Pradhan, The Great Demographic Reversal is a provocative read. And with 81 diagrams and 23 tables, it’s chockful of data in support of its thesis. That thesis is simple: “Of one thing we are sure, the future will be nothing like the past.” Or at least nothing like…
Undiagnosed, untreated illness could lead to heart disease later in life, says lead researcher
Not enough men in Alberta – especially those in their 40s – are getting tested for diabetes, putting them at risk for heart disease, cancer and other illnesses, according to new population health research published in The Lancet Regional Health – Americas. “My main message to young men is that early diagnosis is critical because diabetes…
Supply chain problems, aging demographics and the push for net zero will drive up government spending
The era of low interest rates and inflation has ended, and now is the time for governments to show restraint. But recent precedent suggests that’s unlikely. Canadian year-over-year inflation hit 7.7 per cent in May, the highest in nearly 40 years, and I predict it will go still higher. Ten years ago, Parliamentary Budget Officer…
Government land-use regulations a principal source of this inequality
Canada’s housing affordability crisis is a matter of considerable concern, especially for young people trying to buy a house. The worst problems are in the Vancouver and Toronto markets with their excessive land-use regulation. Extensive international research associates stronger land-use regulation with diminished housing affordability. Vancouver and Toronto are experiencing substantial net migration of people…
Young people aren't able to afford the homes they grew up in
A poll by highly respected IPSOS, released by BILD-GTA, shows a strong awareness of the Greater Toronto Area’s severely unaffordable housing. In the 15 years from 2004 to the last pre-pandemic year of 2019, the median detached house price rose more than 160 per cent (inflation-adjusted), about 5.5 times the rise in the consumer price index.…
Algorithm scans pathology, radiology reports for information to aid researchers in improving outcomes
Every time you enter a phrase or a sentence into Google search, algorithms kick in using a technique called natural language processing to understand what you really want to know and then find you an answer. Now University of Alberta researchers will use a similar approach to develop a computer program that can “read” doctors’…
Immigration policy must build bridges and align with economic, social, education and multicultural policy
I was recently invited to share my thoughts and take a futuristic peek at the role of immigration in the post-COVID-19 economic recovery. Immigration, Refugees and Citizenship Canada invited me to speak at its annual executive leadership summit that included more than 250 decision-makers in the executive branch. My presentation spanned the unresolved immigration issues…
Much of what’s presented as news now is better described as narrative spinning
If you follow American news, you’ve probably come across many assertions that by mid-century the United States is set to become a “majority-minority” country. For the first time since its founding, whites will no longer form a majority of the population. This has been greeted with a range of reactions. Some people are dismayed, or…
Missing marriages, empty baby carriages
Wedding industry vendors are reporting a boom in bookings – or at least south of the border according to the Associated Press. Couples who waited out the pandemic are booking their big day, as are those who married during the pandemic but are now planning celebrations with family and friends. The increased bookings are likely…
Nobody really knows how the economy will look as a return to normalcy progresses
Grocers racked up millions of dollars in profits as they increased revenues during the first year of the pandemic. But numbers this year tell us tougher economic times await them. And the economy is just one part of the story. Nobody really knows how the economy will look this fall and winter as a return…