Canadians :Most educated, least productive

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.

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? 



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”.