There was little or no media coverage of the release of data on the distribution of the wealth of Canadians in 2016 last week, perhaps because there has been little or no change since the last Survey of Financial Security in 2012. The top 20% of Canadians own 67.3% of
Continue readingAuthor: Andrew Jackson
The Progressive Economics Forum: The Private Corporation Tax Loophole and the Ultra Rich
The 2017 Economic and Fiscal Update provides some detailed data (see pp. 51-53) on who will be impacted by the government’s plan to limit how much passive investment income can be earned in a private corporation. Income from investments held in a private corporation is taxed at a lower rate
Continue readingThe Progressive Economics Forum: Unwarranted Gloom and Doom: The IMF on Canada and NAFTA
To read the media today, one would think that NAFTA is a keystone of Canadian prosperity and that renegotiation could lead to a national economic disaster. That view has already been rebutted in a report by Scott Sinclair for the Canadian Centre for Policy Alternatives. He finds that a reversion
Continue readingThe Progressive Economics Forum: The NDP and Old Age Security
NDP leadership candidate Jagmeet Singh has proposed (with few details) to reform the current Old Age Security system by integrating Old Age Security (OAS) and the Guaranteed Income Supplement (GIS.) “A Jagmeet Singh-led government will implement the Canada Seniors Guarantee to ensure that no Canadian senior has to live in
Continue readingThe Progressive Economics Forum: Canada Lags in Job Quality
The 2017 OECD Employment Outlook provides an assessment of member country performance in terms of the quantity and quality of employment as judged by a new set of key indicators. Overall, we do well in terms of job quantity. The employment rate (the proportion of the working age population with
Continue readingThe Progressive Economics Forum: The Wage Structure, Rents and Urban Inequality in Canada
Richard Florida’s new book, The New Urban Crisis (Basic Books, 2017) takes a careful look at rising inequality in big cities in the United States. He details the fact that many of the winners of today’s economy, the top 1% and top 10%, are located in a small number of
Continue readingThe Progressive Economics Forum: Income Inequality Surged Under Harper
Just as Conservatives gathered to elect a new leader, Statistics Canada released income data for 2015. These allow us to look at trends under the full term of the Harper Government from 2006 to 2015. Average after tax income of economic families rose over this period – from $68,200 to
Continue readingCanadian Dimension: Basic Income and the left: The political and economic problems
Should the Left and labour support a demand for a Basic Income (BI)? This simple question has provoked a fervent and confusing debate. The discussion over BI touches on real political and economic anxieties. The attack on the social welfare state, the depreciating power of organized labour and an economy
Continue readingThe Progressive Economics Forum: The 2017 Federal Budget
Here is the link to my analysis and comments re the Limits of Liberalism. http://www.broadbentinstitute.ca/andrew_ajackson/2017_federal_budget_end_of_progress
Continue readingThe Progressive Economics Forum: Reflections on the Social Democratic Tradition
The Broadbent Institute and Douglas-Coldwell Foundation have just published a paper of mine as part of a larger project on social democratic renewal, The paper is mainly retrospective, and touches on social democracy as an approach to economic policy. Comments are most welcome. The link is here: http://www.broadbentinstitute.ca/reflections_on_the_social_democratic_tradition 1.0 Executive
Continue readingThe Progressive Economics Forum: Post Capitalism
Here is a link to my review of an extremely interesting new book by Guardian economics and political columnist Paul Mason. “Paul Mason is a leading British economic journalist, currently a columnist for The Guardian. He is also a long time left political activist. His new book, Postcapitalism: A Guide
Continue readingCanadian Dimension: Is “Postcapitalism” On the Horizon?
Photo by Paul Sableman Paul Mason is a leading British economic journalist, currently a columnist for The Guardian. He is also a long time left political activist. His new book, Postcapitalism: A Guide to Our Future (Farrar, Strauss and Giroux. New York, 2015) is a challenging, sometimes obscure, sometimes brilliant,
Continue readingThe Progressive Economics Forum: The 2016 Federal Budget
Here is a link to the Broadbent Institute pre Budget Submission, trying to push the Liberal platform in a more progressive and social democratic direction. http://www.broadbentinstitute.ca/budget_2016_charting_progressive_agenda
Continue readingThe Progressive Economics Forum: New Study on Positive Economic Impacts of Public Infrastructure Investment in Canada
A five-year $50-billion public infrastructure spending initiative would generate a return on investment to Canadians over the long term as high as $3.83 per dollar spent, trigger significant private sector investment and stimulate wage increases, according to a new study by an independent economic modelling firm. The Economic Benefits of
Continue readingThe Progressive Economics Forum: Job Vacancies
Congratulations to Statscan on the occasion of the first release from the National Job Vacancy and Wage Survey, with data for the first quarter of this year. The survey received funding from HRSDC to put some hard numbers on job vacancies, and the first tranche of data are impressively granular,
Continue readingThe Progressive Economics Forum: Canada After Harper
Here is the link to buy a new book, Canada After Harper, edited by Ed Finn and with an introduction by Ralph Nader, just published by Lorimer. Most Canadians know that Stephen Harper has had a tremendous impact on the country since becoming prime minister in 2006. But few have
Continue readingThe Progressive Economics Forum: The Return of the Gilded Age: Consequences, Causes and Solutions
On April 8, I had the honour of delivering the Harry Kitchen Lecture in Public Policy at the invitation of the Department of Economics at Trent University. I took the opportunity to offer a broad reflection on economic inequality, arguing that while inequality is inherent in capitalism, too much inequality
Continue readingThe Progressive Economics Forum: The Harper Record on Jobs, 2006 to 2014
Here is the link to a short study I have done for the Broadbent Institute on the Harper Record on Jobs from 2006 to 2014 based on annual averages from the Labour Force Survey. Coverage in today’s Toronto Star is here. The basic findings, that there is still a lot
Continue readingThe Progressive Economics Forum: Harper Conservatives vs the IMF on Deficits
Here is an extract from my column on balanced budgets in the Globe ROB today. “When it comes to balancing the books, the Harper government is seemingly more Catholic than the Pope. Even the International Monetary Fund (IMF), hardly big fans of high government spending, argue in their latest Country
Continue readingThe Progressive Economics Forum: The Ecofiscal Commission and Polluter Pay
From iPolitics, here is my constructively critical take on the first discussion paper of the new Commission chaired by Chris Ragan. In a nutshell, polluter pay is a good idea, and it is good to see such a mainstream crowd endorse the principle, but the principle of recycling the increased
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