Canada's inflation-adjusted per-person GDP declined from $59,905 to $58,028.
labour productivity
The ban will increase labour costs and discourage entrepreneurs and investors from investing and doing business.
More government spending appears to be the popular solution to every problem for most governments in Canada these days.
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.