More government spending appears to be the popular solution to every problem for most governments in Canada these days.
labour productivity
From 2015 to 2023, omitting 2020 due to COVID, labour productivity has declined by an average of 0.8 per cent annually.
Canada’s GDP per hour worked—a key measure of productivity growth—is among the lowest in the OECD.
Per-person GDP, a common indicator of living standards, now sits below where it was at the end of 2014.
When per-person GDP increases by 2 per cent a year, average income doubles within 35 years.
While ChatGPT and Google can help us gather information, neither should be accepted uncritically and without review.
Canada is expected to record the lowest level of growth in living standards among 32 industrialized countries.
Business investment (excluding residential development) is down 22.5 per cent.
Federal policymakers seem uninterested in helping workers and businesses become more productive.