Is neoliberalism sinful or our salvation?

It’s difficult to know for sure since academics and economists want to hide behind jargon rather than offering concrete analysis

Is neoliberalism sinful or our salvation?As the Buffalo Springfield sang in 1966, “There’s something happening here. What it is ain’t exactly clear. …” They were referring to civil unrest but could have been predicting the current debate about neoliberalism. Neoliberalism is the ill-defined trend to less government, rolling back social programs, downward pressure on wages, fewer union jobs and careers…

Fiscal risks of potential recession await next PM

Any voluntary increase in spending by the federal government would further exacerbate the deficit

Fiscal risks of potential recession await next PMBy Jake Fuss and Milagros Palacios The Fraser Institute Many economists have warned of a U.S. recession in the near future, in part due to the rise of trade protectionism, political turmoil and market volatility. Of course, a U.S. recession will also harm the Canadian economy and create significant problems for federal finances. So when…

Unionizing the gig economy would be a disaster for workers

Unionization would mean fewer jobs and fewer hours of work. The workers might be unsatisfied with their current position, but it’s certainly better than unemployment

Unionizing the gig economy would be a disaster for workersThe push for unionization among some food couriers at Foodora Canada and among hundreds of Uber drivers in Canada will ultimately do more harm than good for workers in the gig economy. The drive for unionization will actually result in increased unemployment and underemployment. Unionization defies the law of demand, a central economic concept. Unionizing…

Does government debt really matter?

Let’s be very careful about electing a government that’s bribing us with our own money

Does government debt really matter?Before we select our next set of national leaders in the Oct. 21 federal election, we should be paying attention to matters that don’t usually concern us day to day, like the treasury. What the treasury does we call fiscal policy, but it’s essentially budgeting: determining levels of revenue (taxes) and expenditure (all the programs…

Regular EI beneficiaries keep falling in Alberta

Nationally, 442,600 people received regular EI benefits in June, down 180 from the previous month and by 21,280 from last year

Regular EI beneficiaries keep falling in AlbertaThe number of Employment Insurance beneficiaries in Alberta declined in June for the fourth consecutive month, down 2.8 per cent to 47,700, according to data released on Thursday by Statistics Canada. “There were decreases in the CMAs (census metropolitan areas) of Edmonton (-5.0 per cent) and Calgary (-1.7 per cent), as well as in the…

The future is not a straight line from the past

The march of technology is inevitable, but the way its proceeds are distributed is a matter of choice. Here are some options

The future is not a straight line from the pastThe RSA (Royal Society for the Encouragement of Arts, Manufactures and Commerce) has been exploring the future of work. Like many organizations, it begins with the assumption that some 35 to 40 per cent of jobs will be directly impacted by artificial intelligence, augmented and virtual reality, 3D printing, blockchain, stem cells and other technologies.…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…

How Manitoba can meet the challenges of a growing population

Government must cut public sector costs, taxes and fees. And become vastly better at providing needed and efficient services

How Manitoba can meet the challenges of a growing populationFor the first time in decades, Manitoba’s unemployment rate has risen above the national average. With the provincial economy growing (briskly for Manitoba) around two per cent a year, we might have expected some declining unemployment rates and labour shortages. But it’s not enough with record immigration and a slowdown in Manitobans leaving for Alberta…

Build off your strengths – diversification is a long game

Bruce Graham talks about the competitive advantages Calgary needs to promote to attract business investment

Build off your strengths – diversification is a long gameBruce Graham is president of BKCC Enterprises Inc., senior business advisor with Osborne Business Advisors and former president and CEO of Calgary Economic Development. Tell me what you’re doing today? Graham: I have my fingers in a few different pies. I just finished reviewing a chamber strategy for a B.C. interior region and I’m with the…

CPP contribution hikes penalize workers, dampen the economy

When the government makes employment more expensive, the sure result is fewer jobs

CPP contribution hikes penalize workers, dampen the economyThe federal government began 2019 by taking a bigger bite out of workers’ paycheques: the combined employer and employee Canada Pension Plan payroll tax rose from 9.9 per cent of earnings to 10.2 per cent. It’s the first of five annual payroll tax hikes. By the time the CPP tax hike is fully phased in, a…