TAKING STOCK | Canada's productivity problem - Here's what you Need To Know

Guest: Daniel Garcia-Macia, with the International Monetary Fund and Dennis Darby, president and CEO of the CME.
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[@mattbarry79]

We have a productivity problem because we invest all of our money in non-productive assets called houses.

[@lindseyberrum716]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024

[@zion9860]

There are just too many monopolies in Canada. Monopolies are definitely affecting innovation, growth, and productivity in Canada.

[@jlaze1132]

I was working at a warehouse when I was 16 and there was a foreign gentleman that was working next to m, he grew frustrated, picked up the cards we were folding and threw it on the table yelling "I have a masters in chemical engineering and I'm doing this shit!!"

[@matthewhungerford1861]

port of Vancouver wants to automate and use modern equipment, union says don't automate hire more staff instead

[@ngvkhtnw22]

Productivity is NOT just about producing more of the same final product or service per unit of input through efficiency, it is also about using the same input to produce something ELSE that is of higher value to consumers so that companies can afford to pay workers higher wages, because the new product or service can command higher prices in the market place.

[@AngeloCarzis]

The issue with productivity is complex. It seems to be a combination of employers not investing in their businesses and employees, coupled with a lack of incentive for employees to put in longer hours at work due to high payroll taxes (and one may argue low salaries, relative to our neighbors to the south). Currently, it seems (at least to me) we have fallen so far behind that it may be a tough issue to fix.

[@amatuer2]

Here is an idea: Let's set up a sovereign wealth fund. Norway has such a fund. The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. We have lots of oil, let's use it for our future. Each year, the Norwegian government can spend only a small part of the fund, but this still amounts to almost 20 percent of the government budget.

[@thetruedemocraticnorth]

statistics Canada reported that Canada real GDP per capita was about 58 100 at the end of 2023, so it's not really that bad.

[@jay1645]

The population has smartened up so grifting starts from bottom up now instead of top down ? lol

[@ShitWrangler]

Lifeless eyes black eyes like a dolls eyes.