Most educated, least productive: Why Canada's falling behind
Canada has a productivity problem, according to senior economics officials, falling behind almost every G7 country in terms of how efficiently we use our workforce.
Andrew Chang explains how the Bank of Canada says lack of competition and mismatched job skills are hurting the economy.
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Canadians :Most educated, least productive
In reply to sgtdjones
Yet Canada ranks higher than US in almost every survey on standard of living, best places to live in the world, etc.
According to the 2023 Best Countries ranking by U.S. News, Canada is the second-best in the world overall this year, behind Switzerland.
Sweden, Australia, and the United States rounded out the top five overall countries.
The move up to second is an improvement from 2022, when Canada was ranked third overall by U.S. News.
To formulate these rankings, U.S. News looked at 10 different sub-categories (where they ranked the top 20 countries in each) and then ranked 87 countries in their overall rankings.
In reply to Slipfeeler
The US of A has Trump and his sons that's a big disadvantage when it comes to standard of living.
You didn't try the Lysol injections?
In reply to Slipfeeler
I can't say I don't like England but I still feel that I should have packed up and move to Canada in 1986.After giving the CHC all necessary info of my job and qualifications I was asked to sign a Declaration.I was already in England for a little over 20 years,I got "cold feet" and backed down.I now look back and feel I should have gone.
In reply to granite
Yes you should have gone! Lived in US for over 25 years before moving over to Canada and many might say that Canada is the place to be than in US or UK!
In reply to granite
Was there a restricted immigration policy during this period in GB? My dad was able to get my sister , but was unable to do the same for me. I was glad they rejected me, only to end up in the concrete jungle a year later.
In reply to granite
My grandfather relocated to Canada in the 1940s. A few decades ago, I made the decision to change his original business.
Now a private globally recognized company with operations in multiple countries.
I prefer not to invest in the US.
I value my independence and freedom to choose where I can sell my services and products without any external interference.
Canada is a significant exporter , which helps us maintain a strong presence in the global market.
She has now reached a population of 35 million people.
Research has indicated that when a country's population reaches 75 million, it gains the ability to shape its own future based on its internal needs and demands.
If the USA increases its production by 10%, it has the potential to overwhelm Canadian markets.
Immigration Canada welcomed more than 1 million immigrants last year and anticipates continuing this trend this year.
Trini's has achieved great success in Canada while maintaining a modest presence.
In reply to sgtdjones
So glad to hear. My friends in Toronto told me it is indeed a veritable paradise, especially downtown Toronto.
In reply to CricSham
You haven't visited Toronto?
In reply to Slipfeeler
What do like better in Canada vs the US? I am considering spending more time in Canada.
In reply to googley
You mean I lost my option to have a franchise...
Snoopy , time to sue ...
In reply to sgtdjones
Snoops can't sue his own client! Trump's lawyer Rudy is available, hire him
In reply to tc1
Yes tc1 there was a restriction policy for our people from the Caribbean,Africa and Asians,I got this beliefe from stories I read and heard from people,and stories I read in the News.On the opposite end lots of Australians,Kiwis and Canadians were coming to England with utmost ease.
why the need to be more productive?
In reply to doosra
Economics 101 for dummies
Productivity is the measure of how effective completing a task is.
This refers to the effectiveness and productivity of individuals in their work, or the effectiveness of companies in delivering goods and services.
Effectiveness is pivotal, as it enables individuals and associations to achieve their objectives and enhance fiscal earnings.
Productivity growth helps to palliate inflationary pressure on prices by reducing unit labor cost increases.
Hourly stipends have the potential to outpace prices, providing enhanced purchasing capability for both workers and consumers.
In ultramodern times, agrarian and manufacturing products have increased significantly compared to the 18th century.
Colorful factors contribute to increased productivity, including invention, technological advancements, variations in inputs(such as capital and raw materials), changes in business processes, enhanced hand chops, and bettered work surroundings, among others.
Food prices have significantly dropped in real terms.
Also, it allows workers to allocate their time to other liabilities.
This is how profitable growth occurs when technological advancements enhance people's productive capabilities.
Productivity position is a critical determinant of living norms.
Adding it enables individuals to achieve their asked issues more quickly or gain a lesser volume within a given timeframe.
As productivity increases, the force also rises. This leads to a drop in real prices and an increase in real stipends.
Consumers play a pivotal role in furnishing fiscal support to companies, which in turn allows for increased consumption in the future.
This is the process by which capital investment contributes to increased productivity and fosters unborn, profitable growth.
Productivity facilitates the dimension of effectiveness in different situations. This economic metric holds significant value for both corporations and individuals.
It provides businesses with perceptivity into their functional effectiveness as well as individualities with a measure of their achievement.
There are multiple styles to enhance productivity.
Organizations have the capability to enhance their functional effectiveness or optimize the conversion of inputs into labor.
In reply to googley
Ok here comes Rudy for your rass...
I am off to get him better hair coloring...be back soon.
In reply to sgtdjones
i am asking a philosophical question, not and empirical or economics
In reply to doosra
What are the five fundamental philosophical questions?
The issue of free will emerges when individuals attain a level of self-awareness regarding the extent to which external factors might impact their actions, even without their conscious knowledge.
Is it possible for us to have any knowledge whatsoever?
Who am I?
Death is the permanent cessation of all biological functions that sustain a living organism.
What might the concept of "global justice" entail?
I didn't see any Need above that you asked, so it must be economics?...

Now Empirical
Based on observation or experience, is what I provided, since there is no need in semantics?

Soon a Trini will come an attack me...

In reply to googley
Canada tend to have a higher standard of living than US, with an extensive genuine middle class, not self-professed like many in US. Canada has Universal Healthcare, while in US medical cost could wipe out your entire savings or credit within one hospitalization.
Women in Canada can enjoy an entire year off from after delivery of their children, unlike US where they try to rush you back to work within weeks of delivery, if you are lucky to still have a job. Even what is deemed as Public Housing in Canada could easily be seen as a wonderful garden apartment complex in the US, comparing to the reported horrors of living in US public housing.
Also, while US gives out Food Stamp Vouchers to lower income and vulnerable persons, in Canada, they actually receive checks deposited to their bank accounts. The cost of University education tend to be less in Canada than in the US.
Importantly, there tend to be less social stress and race tensions in Canada comparing to US. Canada demonstrates a better and friendlier environment for raising your children and better family life, my opinion, after living in both countries for an extensive period of time.
So, there are some of the comparative factors for your consideration.
In reply to Slipfeeler
Thanks. Much appreciated
In reply to Slipfeeler
but are things in canada changing a bit now?
Haven’t you heard. Canada is a paradise. Downtown Toronto does not have a single homeless person or does it?
In reply to doosra
There have been changes but not drastic enough for one to move from Canada to US, as US itself continues a downward spiral.
Again, not meaning to rub it in but….
“According to the 2023 Best Countries ranking by U.S. News, Canada is the second-best in the world overall this year, behind Switzerland”.
In reply to CricSham
Canadian cities have homeless people as your America. Its a today's problem in most cities as we try to help such individuals.
The Supreme Court ruled that they cannot be isolated as most are mentally ill or suffer from an addiction.
In some towns Parks are designated for such individuals and Social workers, Public health care visits , dental and medical services provided.
We have shelters but most prefer not to abide by its rules. Various agencies make sure they are fed by food trucks.
Canada is not Paradise , she is a caring nation that allowed over 500,000 refugees to find a home in the Great white North in 2023.
Canada allows kids to stay with their parents and not lock them up in Cages at the Border.
Entering Canada as a refugee , qualifies one to have automatic health care , towns provide a monthly income and help in finding a home.
Canada doesn't ship them in buses to Ottawa.
Our Taxes provides us to be caring Nation.
In reply to CricSham
Homelessness is now a prominent feature in most Northern American cities, however, unlike US where most homeless persons are actually US residents or citizens, in Canada homelessness is mostly among the large number of refugees attempting to make Canada home.
In reply to Slipfeeler
Yeah, right. Throw all the blame on the refugees/migrants. so a lot like the US?
In reply to CricSham
Can’t fight the facts my brother:
“ Gaps in housing for refugee claimants
There is no co-ordinated, funded national plan. Consequently, a disproportionate number of refugee claimants end up in emergency shelters. The City of Toronto recorded a 500 per cent increase in refugee claimants in shelters from 2021 to 2023.”
In reply to Slipfeeler
Despite allowing you and Barry to live there! Wow!

In reply to CricSham
When Canada population was approx. 33 million people,over the last two years Canada has accepted in
2022 ...over 500,000 immigrants/Refugees
2023....over 1 million immigrants/Refugees
Now look at the percentages of Immigrants/refugees vs Citizens
1.5 million vs 33 million .....approx 5%.
Now common sense would dictate Canada will have growing problems ,to have such additional people.
Various Provincial Governments with the Federal Government are working to address this problem.
In the next decade plus one would see a jump in the GDP as various provincial and Federal Governments receive more taxes.
Taxes will come from Homes being built ( the materials used), vehicles, infrastructure development , water and electricity, products of over an estimated 1 million homes to be built
and jobs.
Long term gains.
In 2024 another 500,000 immigrants/refugees are to be accepted.
In reply to googley
Barry was never allowed to live in Canada , he gained T&T citizenship after immigrating from a remote part of India.

He is here under a different handle.
In reply to sgtdjones
More 'shenanigans' up north.
RBC fires female CFO Nadine Ahn over secret relationship with employee who received promotions and bigger pay
Nadine Ahn's employment was terminated Friday, along with the individual with whom she'd had a relationship, though their identity was not revealed.
So, she is the big boss, whappen if she gets some? I always thought that that was one of the perks that came with such a position.
In reply to Slipfeeler
You will move to Florida for retirement I guess, Jamaica even!
In reply to googley
Don’t know about Barry but dem lucky to have me
the weather is the only thing i can say that i like better in the us than canada overall. canada has everything that most states in the us have and a few things that are better like healthcare ,transport,
In reply to XDFIX
Actually I am moving to Ghana for retirement, to join the new return home awakening within the diaspora.
In reply to Slipfeeler
Anyone is an improvement than barry.....he was some character.
He will appear again....
In reply to sgtdjones
What are his other handles? I suspected that he was using another handle when he kept accusing me and others of using different handles. When everyone knows that ever since I signed up here, I have been consistently the unofficial Jamaican PR, win, lose or draw
In reply to Slipfeeler
He will soon disclose himself as he has done before ...the dummy
He gave me the most handles on this site...
In reply to sgtdjones
Whats your take on this commentary?
In reply to sgtdjones
But aren't you in your 30s? You made this decision as a toddler?
Add this to your list of other amazing achievements!!
In reply to Slipfeeler
How do you measure that, what is your source?
Just my two cents! Canada is not the problem, it’s the migrants from the Caribbean, they are too consumed in competition amongst themselves and forget to look at the big picture!
Saying and posting posting this is not normal but storyline… I lived in Canada from 91 to 95… played first division cricket for teams that won finals in both premier division, only to be laid off twice because my boss, a freaking Guyanese felt threatened. It wasn’t only cricket… it’s the competition among fellow Guyanese… Shameful!
In addition to the above, I was selected to play against the WIU23 team, we made 95, yes it’s me again with 35NO… they beat us by 7 wickets, I took two wickets and ran out the other… my BF and I are friends to this day!
Funny story to all my bullshit above, you just Love to Love!
In reply to camos
Population Canada has approx. 10% of US Population.
Several factors contribute to the higher standard of living in Canada compared to the United States, even though Canada does not have a higher total wealth (GDP). Now, we will examine them systematically:
The HDI is a comprehensive measure that considers various aspects of a country's well-being, including life expectancy, education, and income. Canada's GDP may be slightly lower than that of the United States, but it outperforms in crucial areas such as healthcare, education, and social welfare programs, leading to a higher ranking on the HDI.
Take Canada, for example, where a universal healthcare system ensures that its citizens have access to affordable healthcare. This leads to increased life expectancy and improved overall well-being. In addition, Canada boasts a highly advanced education system, characterized by impressive enrollment rates and a strong emphasis on providing top-notch education. These factors contribute to a superior standard of living for Canadians.
When it comes to income distribution, it's worth noting that the United States, despite having a higher GDP, experiences a higher level of income inequality in comparison to Canada. In Canada, there is a balanced distribution of income, resulting in a greater number of people being able to experience a higher standard of living. The implementation of progressive taxation policies, the establishment of robust social safety nets, and the development of a comprehensive welfare system in Canada are the reasons behind this.
As an example, Canada boasts a higher minimum wage and offers a range of comprehensive social assistance programs, including employment insurance and child benefits. These measures contribute to reducing poverty and improving the standard of living for a larger portion of the population.
Factors to consider: Additional elements like crime rates, education levels, and overall quality of life play a role in Canada's higher standard of living. Canada's consistent high rankings in global surveys on safety, education, and happiness highlight the positive social environment it offers.
Ultimately, various factors, such as its commendable performance in healthcare and education, a more balanced income distribution, and favourable social conditions, contribute to Canada's superior standard of living. Although Canada may not surpass the United States in terms of total wealth (GDP), these factors contribute significantly to its overall well-being. These factors contribute to a more comprehensive assessment of Canadians' quality of life.
When examining the standard of living, keep in mind the importance of carefully assessing the advantages and disadvantages of these factors and taking into account the viewpoints of various stakeholders.
In reply to WestDem
hey Westdim
I see you are still alive...
In reply to sgtdjones
Quite a balanced view and realistic comparison between US and Canada, I appreciated the read.
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