Continuation of this line of thinking --
"Maybe build more shelters closer to the LTCs? Maybe skip the middle man and just move the residents of the LTCs into homeless shelters?"
~MS
Getting vexed:
"Isn't this just a continuation of what you've been saying about childcare workers? That we pay them less than we pay zookeepers?
And the government is blaming us for our behaviour? What are *they* going to do? THEY make the rules! THEY permit this to happen. ~MS
"We send our family members to LTCs hoping they will be taken care of with love and respect; but we don't pay their caregivers enough to even take care of *themselves*. How are we respecting our family members when their caregivers have to live in a homeless shelter?" ~MS
Another chapter is with reference to the people who get dividends from these choices.
But the real exasperation is about the government doing nothing to change this reality, when they are totally in control of the rules of the game.
I love MS.
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An economist tackles the notion that competition law is about protecting consumers.
Notes economics views competition as being predominantly about "efficiency".
"You can't talk about competition without talking about power and dominance"
Keep your eyes on @RobinShaban, people.
Pricing strategies among a small number of players in a market often devolve into collusion. (Think telcomm; grocery stores and bread prices; oil)
Not just abt consumer choice, but standards and scrutiny for incumbents and *new* entrants.
Market structure and market share is part of competition-restricting practices, but proving *illegality* requires proving a merger/accelerating market share leads to price increases or undermines innovation. Hard to show evidence, as allegation is the this is *going* to happen.
The term causes you to think about recoveries differently.
Even if you aren't an economist, you can quickly grasp the meaning of the [desirable] V (a quick rebound), the W [double-dip recession, with rebound followed by another decline] and the Nike swoosh (long slow recovery).
This recession saw the rise in parlance of a new letter/analogy.
The K made you intuitively understand there are different trajectories within one recovery. And that can be dangerous.
The letter K is problematic, tho.
Just to be clear on why immigration levels are the biggest factor when it comes to #cdnecon's future growth:
Economic growth (as measured by GDP, really the only game in town) only comes from three sources in the global system:
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1. Labour market growth (add people and stir) 2. Productivity growth (do more with less/something that hasn't been done before) 3. Net exports (exports minus imports, which if positive adds to GDP)
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[yes we love to laugh at The Donald's economic analysis, but net exports have been the secret sauce in the Global North's growth strategy for decades - maybe longer. Mathematically adds to/subtracts from GDP, you love it when it's a positive and worry when it's a negative.]
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First, I want to say how impressed I am with the work @StatCan_eng has been doing to keep us informed, and help us get *better* informed with regard to policy relevant data.
Today's LFS report was a masterpiece of clarity. www150.statcan.gc.ca/n1/daily-quoti…
1/n
Second, this report says, near the bottom, about 1/5th of all Canadian households are having difficulty meeting basic household financial needs (rent or mortgage payments, utilities, groceries), and it's been about 1 in 5 since April. That's 2.5 MILLION households! YIPES
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More than a quarter (27%) of 3,389 small firms with employees that responded, from a CFIB membership of 110,000 small firms (including the self-employed with no employees), from a business registry census of 1.2 million small and medium enterprises.
Not the only misleading info.
The reason I know this is cuz y'day I was asked to respond to the CFIB claim for a piece by @bbritneff at @globalnews
Here's the presser: newswire.ca/news-releases/…
Before commenting, I asked for survey that revealed % "refused to return to work because of CERB". #DueDiligence
CFIB didn't publish this backgrounder. The reporter sent it. There were other findings (only 6 slides but one is labelled 13) but slide 1 shows only 25% of all biz that responded were having trouble finding staff. Biggest %: in QC (LTCs, hospitality) and MB (food processing/mfg)
Another argument for boosting the economy from the bottom up.
Over 82% of all population growth in Canada came from newcomers in 1st quarter 2020. www150.statcan.gc.ca/n1/pub/91-002-…
Will be sole source of labour force growth in <5 years.
Immigrants generally get paid the worst in Canada.
Newcomers come as immigrants (permanent residents) or migrants (temporary residents, mostly workers and students)
By 1st Q 2020, net increase in entries of temp residents fell 80% from previous year (mostly students)
Last highlight from this @StatCan_eng study:
People move from province to province allathetime, mostly looking for work.
"This is the first time in almost five years that Ontario has lost population due to interprovincial migration."