Michigan replaced its complex business tax with a flat corporate income tax of 6 per cent.
Compared to 2007, Ontario had 170,000 fewer manufacturing jobs in 2017.
Attributing Ontario’s manufacturing struggles to global forces is, at best, an oversimplification.
From 2011 to 2014, average annual economic growth in Michigan was higher than in Ontario, despite slower population growth.
As labour and capital have become more and more mobile, jurisdictional competitiveness is becoming more important in securing and maintaining economic prosperity. A minimum requirement is to have taxes, regulations, and other important policies competitive with competing jurisdictions. To gain an advantage, jurisdictions need policies that differentiate themselves from competing jurisdictions.
As BCs recently minted Clark government works through its economic priorities, it would be well advised to consider worker choice laws.