Canada's Care Economy with Armine Yalnizyan | The Herle Burly

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You know what makes me happy, you curious, you courageous, Herle Burly-ites? Ist “R” is Rum. 2nd “R” is Riders. The 3rd “R” is newer, but just as meaningful to me. It’s having a Returning Guest here on The Herle Burly.
Armine Yalnizyan is here on the pod for a second time. Armine is a leading voice on Canada’s economy. According to Maclean’s Magazine, she’s the Caring Person’s economist. A big picture thinker who looks out for the little guy. The coiner of the term “She-cession”, way back in March 2020, to describe the economic fallout of the pandemic. Armine is currently the Atkinson Fellow on the Future of Workers. Her mission is to bring a workers’ perspective to the public policy development process - and to help all of us make sense of what’s happening in the economy.
Today, we’ll continue our conversation on Canada’s Care Economy. Last week, she published a piece in The Star on Private Equity Firms expanding their interests in Long Term Care. We’ll dive into that. As well as the need for $10/day childcare. Economic insecurity and food security in Canada.
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[@pt93music]

This lady, and her ilk are exactly why the countries in this state. The depth of the issues in this country won’t be apparent for decades to come. You can’t govern an economy on vibes.

[@cuassy]

35:00 if you over tax me, I'll move... I already refuse OT because i get over tax

[@karinturkington2455]

I love Armine Yalnizyan.

[@JamesMcNeillmcneilmortgages]

Government has nothing to do with our slow growth?

[@1898JoeBoyle]

Whenever the Liberal Party of Canada requires support from an economist, out comes Armine, an "activist" economist, who carefully ignores Canada's worsening standard of living. It takes effort to ignore productivity and investment into the country. I listen to her, but only to see how loony some people are in the economics community are, while regular Canadians suffer. Armine provides an excellent reminder that the field of economics is far from a hard science, and emotions and personal politics clouds sound data analysis.

[@larsnordgren5856]

Must be nice to be right and everyone else is wrong.

[@forklaundry]

27:11 100%

[@DieselPowerLifter]

That smug laugh and smirk is hard to bear. She's intelligent, but trapped in the Upper Canadian bubble. I will give her this, she does identify several problems that need investment to be solved, but she only has one solution to them all. More spending through higher taxes! On productivity, the states gets more business investment which supports higher productivity is because of the tax advantages there. Also, US businesses have better access to capital because there is more participation from the population in the stock market for their retirement savings. Here in Canada the population is more skewed towards using their home as a retirement savings vehicle which does nothing to increase productivity. I hope you read this latter point Herle, because its a big factor on productivity.

[@terryquinn1464]

Canadians don't pay capital gains taxes on the homes

[@BlueHawk001]

1:05:30 yup, I don’t think even the governments realize the tsunami of retirees coming down the pipeline in Canada. As she said, there are too few people working and paying for to many that are to old, young or sick to work.

[@terryquinn1464]

how can you say that when the govt is pushing immigration like never before

[@Griff1984]

Holy Moly....while I enjoy these economic episodes, this view on economics is why the Liberal/NDP coalition is in trouble. The boomers just can't help themselves.

[@JoshLemer]

Armine is way way way outside the mainstream in terms of economic thinking. She gets a lot more attention for punditry than she really deserves.

[@marcschouten3527]

Wow this lady would bankrupt our country if she was in charge. She wants to see all Canadians weak, defeated and reliant on government to survive. Hearing her waxing lyrical for the days of Covid lockdowns gives me chills.

[@stuckinlodi100]

" No one believes you anymore." Ms Freeland to the PM after Hong Chow.
'Even your own mother calls you an SOB.'

[@fernandezfamily2644]

This lady the worst