Canada’s Sagging Productivity (w/ Jock Finlayson)

On March 26th, 2024, the Bank of Canada issued a report titled “Time to Break the Glass: Fixing Canada’s Productivity Problem.” Senior Deputy Governor Carolyn Rogers said at a speech in Halifax, “Productivity is a way to inoculate the economy against inflation.”
The question ahead is, why has Canadian productivity sagged and how can it be turned around? Jock Finlayson, the Chief Economist at the Independent Contractors of BC, says, “Canada needs to reorient policy to focus squarely on improving productivity and real incomes per capita - both of which are stagnant and falling.”
We invited Jock Finlayson to join us for a Conversation That Matters about Canada’s productivity crisis and why it matters.
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The views discussed in this video are the opinions of our guests and do not necessarily reflect the opinions of Oh Boy Productions or this show. Any images in this video are for fair use only, as we are a journalism outlet that seeks to illustrate the topic or guest involved.
ctm503 #canada #economy #business

[@brianw612]

Few realize how devastating low productivity is to a nations standard of living. This dismal statistic is largely a product of government policy that negatively impacts investments in modern machinery and productive work practices. Reducing capital gain incentives only exacerbates this problem

[@Rawdiswar]

Too many middle managers who do very little. Every worker knows this.

[@davidz-c137]

Show me the incentive… I’ll show you the outcome

[@forrisvourvopoulos3252]

I've caught on your channel by chance, and that is because I'm involved with Fusion A-Neutron sustainable energy and the climate issues down to 0 Emissions trading since the 80s when Dr. Carl Sagan bought the Green House effect in people and governments aloft, attention. Now, the gentleman from 1st peoples background rises the exact if not the same "issues" here in Oz land, Australia, where in apparent way the indigenous peoples have almost no saying no a formal agreement for or, in the government's decision-making system framework for the country! I do agree by definition and d3gree on the point/points that the metastasis from oil and fossil fuel can not take place within a night. For countries such as Canada, USA, Australia, and other nations with Indigenous communities and population, it is important is imperative to ensure to understand that the notion of unity, cooperation, and coexistence is highly important for, within the context of advocacy and development, it must become the Magna Carta amongst the governments in power and the rest of peoples no matter "the background"!

[@HamidA-to8vy]

Most educated in the world but they were kept on the shelf. Ask your sponsor Beedie if they have a project engineer on any construction site. I know Canadian engineers have never worked in their specialty. I know Canadians with PhDs and Masters in Engineering who were delivering pizza and doing labor jobs. On the other hand, the vast majority of large construction sites do not have project engineers on sites, and the work is done very organically. Industrial engineering is completely extinct in Canada. Who will calculate productivity and optimize productivity if there is no industrial engineer. We need industrial engineering in hospitals, farms, factories, construction, everywhere. Add to that a deep culture of earning more for less.

[@charlesrobitaille9360]

I totally agree but your being to nice about our government!