Tag Archives: Unemployment

How little the two Eastern European countries that we have focused on can be compared with Western countries can be seen very clearly in the development of unemployment (Graph 1). Following the major crisis of 2008/2009, the unemployment rate in Romania hardly rose at all. In Bulgaria it increased significantly, but despite weak economic development after 2013 it is falling at an astonishing rate, almost to the relatively low Romanian level.For Romania, this can only mean that unemployment...

Some good quotations. The Case for Concerted ActionJoan Robinson And Nicholas Kaldor On Antagonism To Keynesian IdeasV. Ramanan

I recently wrote a ‘top 10’ overview blog post about the 2018 Saskatchewan budget. Following on the heels of that, I’ve now written an opinion piece about the budget’s announcement of a phase out a rental assistance program for low-income households. Points raised in the opinion piece include the following: -Across Saskatchewan, rental vacancy rates are unusually high right now, making this a good time to provide rental assistance to tenants for use in private units (indeed, right now it’s a...

I’ve just written a blog post about homelessness and employment, with a focus on Calgary (where I live and work). Points raised in the blog post include the following: -Persons experiencing homelessness usually have poor health outcomes, making it especially challenging to find and sustain employment. -There are several non-profits in Calgary that assist persons experiencing homelessness to find and sustain work. -Persons finding the most success in those programs tend to be relatively...

Last week, Eurostat released it updated data covering people who are at risk of monetary poverty. In the press release/news page (February 26, 2018) – Almost half the unemployed at risk of monetary poverty in the EU – we learn that 48.7 per cent of unemployed persons in the EU “were at risk of poverty” in 2016, even “after social transfers” were taken into account. The situation has deteriorated significantly since 2005 as a result of the impacts of the GFC and the policy response taken by...

I’ve written a blog post about the 2018 federal budget. Points made in the blog post include the following: -Important new housing investments were made for First Nations, Inuit and Métis people. -The Working Income Tax Benefit was expanded, made automatic and rebranded (i.e., renamed). -Canada’s official unemployment is now the lowest it’s been in decades. -Canada’s federal debt-to-GDP ratio is (by far) the lowest of any G7 country. The link to the full blog post is here. Enjoy and...

Perhaps the biggest mystery in economic analysis in the last few years has been trying to find an explanation for the big decline in labor force participation since 1999. A recent NBER working paper by Abraham and Kearney has posited the most comprehensive answer to date. Since it was summarized in this Washington Post article, I’m just going to quote a few paragraphs and suggest that you read the entire article.... Angry BearChina, not automation, is by far the biggest factor in the...

from  Asad Zaman Preliminary Remarks: “The trouble is not so much that macroeconomists say things that are inconsistent with the facts. The real trouble is that other economists do not care that the macroeconomists do not care about the facts. An indifferent tolerance of obvious error is even more corrosive to science than committed advocacy of error.” From The Trouble with Macroeconomics (Paul Romer) Personally, I do not understand why indifference to error is worse than committed...

I’ve written a blog post about this year’s Alternative Federal Budget (AFB). Points raised in the blog post include the following: -This year’s AFB would create 470,000 (full-time equivalent) jobs in its first year alone. By year 2 of the plan, 600,000 new (full-time equivalent) jobs will exist. -This year’s AFB will also bring in universal pharmacare, address involuntary part-time employment among women, eliminate tuition fees for all post-secondary students in Canada, speed up...

Yesterday I spoke on a panel discussion on economic inequality, along with Andrew Jackson and Armine Yalnizyan. We were guests at the federal NDP’s policy convention in Ottawa. The panel was moderated by Guy Caron. Topics covered included the minimum wage, basic income, affordable housing, the future of jobs, gender budgeting, poverty among seniors, Canadian fiscal policy in historical perspective, and Canadian fiscal policy in comparison with other OECD countries. The discussion was 30...