Human cost high from pandemic-driven joblessness

As government responds to COVID-19, it needs to think about the non-financial consequences of being out of work

Human cost high from pandemic-driven joblessnessGovernment needs to keep the non-monetary aspects of work in mind while supporting those rendered jobless by the COVID-19 pandemic. Concern about COVID-19 has ravaged Canada’s labour market. Staggering unemployment numbers and the number of applicants for federal aid for laid-off workers dominate headlines. The unprecedented effort to make up for lost wages has been admirable and…

Will the economy ever recover?

The economy will bounce back, even if some businesses don’t. But don’t expect a rapid recovery after COVID-19 recedes

Will the economy ever recover?What will happen to the economy once we get through this pandemic? We’re coping day to day with social isolation and, for those of us lucky enough to still have work, the challenges of working from home or being out there in an infected world. First, we want to know when all this will end.…

Ease temporary layoff laws during COVID-19 crisis

Allowing employers to adjust quickly will improve the chances jobs are waiting for returning workers when the crisis subsides

Ease temporary layoff laws during COVID-19 crisisBy Alex Whalen and Niels Veldhuis The Fraser Institute Aside from the enormous health-related challenges due to the COVID-19 virus, employers and workers are feeling major economic pain with job loss, reduced income and revenue. The ability of businesses to adjust quickly will be key to stabilizing the economy and laying the foundation for recovery.…

CEO pay: when they deserve it and when they don’t 

CEO pay has increased over the last decade but the increase is perfectly related to the value of their skills

CEO pay: when they deserve it and when they don’t In debates about inequality, some people – including some economists – claim the salaries and compensation of chief executive officers aren’t linked to performance. Essentially, they don’t really earn their money. This claim, repeated ad nauseam in recent years, is misleading to say the least. As noted in my recent study published by the Fraser…

Federal government tax cuts miss the mark

We need smart tax cuts that improve incentives for workers, entrepreneurs and investors, along with a balanced budget

Federal government tax cuts miss the markBy Jason Clemens, Jake Fuss and Tegan Hill The Fraser Institute Finance Minister Bill Morneau recently confirmed the federal government’s intention to reduce personal income taxes for everyone except “higher-income earners.” With total taxes (federal, provincial and local) consuming 44.7 per cent of the average family’s income in 2019, it’s easy to see why Canadians…

Put robots to work so humans can be more productive

While robots replace human workers on the factory floor, better-paid jobs are created to design, build and maintain the robots

Put robots to work so humans can be more productiveThe robots are coming, the robots are coming! They may not be an unstoppable evil army ready to take over the world as in a bad sci-fi movie, but they’re definitely making headway on factory assembly lines and increasingly in other industries. A United Kingdom research firm, Oxford Economics, did a study that covered seven…

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…

Combining bad Marxist theory and millennial laziness

Total automation, capitalist or communist, removes the very purpose of human existence

Combining bad Marxist theory and millennial lazinessSince the publication of Fully Automated Luxury Communism in 2018, a manifesto by Aaron Bastani, millennials across Canada and the United States have embraced a new Marxism for the 21st century. This new socialism is based on the concept of a post-scarcity economy that embraces automation, the reduction of working hours and a universal income.…

Implementing online safety training that works

Robert Day talks about the technology that Integrity Advocate has developed to verify that online students complete the training required of them

Implementing online safety training that worksIntegrity Advocate co-founder Robert Day is a licensed investigator and paralegal. Can you tell me what you do? Day: I’m a co-founder of a company called Integrity Advocate, as well as a licensed paralegal and investigator. I co-developed the patented technology that Integrity Advocate is known for, which addresses legality and effectiveness concerns associated with…

Adding international students undermines Canadians and economy

The job market will be flooded with cheap labour and Canadians will be denied spots at university

Adding international students undermines Canadians and economyRecruiting and teaching international students in Canada is big business for private universities, and the federal government has backed a scheme that puts more cash in the pockets of university administrators and wreaks havoc with the Canadian job market. In 2000, some 122,665 people held study permits in Canada. In 2018, that number reached 572,415.…