Progressive Economics Forum

To read the media today, one would think that NAFTA is a keystone of Canadian prosperity and that renegotiation could lead to a national economic disaster. That view has already been rebutted in a report by Scott Sinclair for the Canadian Centre for Policy Alternatives. He finds that a reversion to WTO tariffs and trade rules would have only a modest impact, albeit that some auto and agricultural exports would suffer. The key take-away is that we can afford to walk away from a bad deal if...

I’ve just reviewed a new book about spatial media (and have written it from the vantage point of somebody working in Canada’s homelessness sector). One point raised in the blog post is the fact that the language used when enumerating persons experiencing homelessness has an impact on policy discussions. One point raised in the book itself is the fact that large subgroups of the world’s population have little if any Internet access—in Canada, this is particularly relevant to persons...

I’ve just blogged about the Second Annual Canadian Homelessness Data Sharing Initiative. This is now an annual event that takes place in Calgary. It’s co-sponsored by the Calgary Homeless Foundation and the University of Calgary’s School of Public Policy. A summary of the inaugural event (which took place in May 2016) can be found here, while the link to the just-published summary of the 2017 event is here. Enjoy and share:

We, the undersigned economists, support the decision to increase the minimum wage in Ontario to $15 an hour. Raising the wage floor makes good economic sense. Today, Ontario’s minimum wage is $11.40 per hour. Adjusted for inflation, this is barely one dollar higher than its value in 1977. Yet over the same four decades, the average productivity of workers has increased by 40%. And the prevalence of minimum wage work is spreading. Around 1 in 10 Ontario workers make minimum wage today, with a...

NDP leadership candidate Jagmeet Singh has proposed (with few details) to reform the current Old Age Security system by integrating Old Age Security (OAS) and the Guaranteed Income Supplement (GIS.) “A Jagmeet Singh-led government will implement the Canada Seniors Guarantee to ensure that no Canadian senior has to live in poverty. The Canada Seniors Guarantee will combine a number of existing seniors’ benefits into a single, income-tested benefit. This includes Old Age Security (OAS), the...

The 2017 OECD Employment Outlook provides an assessment of member country performance in terms of the quantity and quality of employment as judged by a new set of key indicators. Overall, we do well in terms of job quantity. The employment rate (the proportion of the working age population with jobs) stands at 72.5% compared to an OECD average of 66.4%. However, the Scandinavian countries rank higher for this indicator (eg Sweden, 75.5%.) It is interesting to note that the employment rate in...

Richard Florida’s new book, The New Urban Crisis (Basic Books, 2017) takes a careful look at rising inequality in big cities in the United States. He details the fact that many of the winners of today’s economy, the top 1% and top 10%, are located in a small number of “superstar” cities such as New York, Los Angeles, the Bay area, Washington and Boston where well paid jobs in higher education, finance, tech, higher education and entertainment are highly concentrated. These cities are...

I’ve just written a blog post about the fiscal situation of Canada’s ‘oil rich’ provinces (i.e., Alberta, Saskatchewan and Newfoundland and Labrador). It consists of a summary of key points raised at a PEF-sponsored panel at this year’s Annual Conference of the Canadian Economics Association. Points raised in the blog post include the following: -The price of oil is impossible to accurately predict, and there’s no guarantee it will rise to past levels. -Each of Canada’s ‘oil rich’ provinces...

I’ve just written a blog post discussing how program performance is monitored in Calgary’s Homeless-Serving System of Care. Points raised in the blog post include the following: -The Calgary Homeless Foundation (CHF) is the System Planner for Calgary’s Homeless-Serving System of Care (full disclosure: I work as CHF’s Director of Research and Data). As System Planner, CHF disburses approximately $42 million annually to programs in Calgary that assist households experiencing homelessness (I’ve...

The Review of Keynesian Economics and the Progressive Economic Forum are sponsoring a “Post-Keynesian Summer School”, to be held on the campus of the University of Toronto, June 23-25, 2017, and featuring leading post-Keynesian scholars from Canada, the US, and Europe. The summer school is aims at both undergraduate and graduate students, and registration is only $25 US per person, which includes all coffee breaks.  In addition, Edward Elgar Publishers has graciously donated a number of...