Thread by @JimboStanford

Decent, stable work and income are obviously critical for most people. Politicians know it, so they're all trying to look like friends of the workers. But which policies would help & which would hurt? Follow this thread for my takes from tonight's #Elxn44 debate. @CntrFutureWork

Phasing out fossil fuels over 20 yrs = a shift of 8000 jobs per year. Retirement absorbs over ½ of those. We could offer full adjustment packages for the others ($250K each) at a cost of $1b/year. Denying the transition doesn't help; starting early does. centreforfuturework.ca/2021/01/18/emp…

Mr. O'Toole's low carbon savings accounts have not been costed, no-one knows how this would work. #Elxn44 #cdnpoli

https://twitter.com/glen_mcgregor/status/1435994823840894977

Canada's economy is *not* heavily dependent on fossil fuel extraction. Share of total employment in direct fossil fuel work has fallen well below 1% since 2014. centreforfuturework.ca/wp-content/upl… #Elxn44 #cdnpoli

Even the oil companies know there won't be another petroleum jobs boom: they are taking current profits and giving it out as dividends or share buybacks, not reinvesting. financialpost.com/commodities/en… #Elxn44 #cdnpoli

Mr. O'Toole proposes an unusual solution for seniors who can't live off their pension income: give them an incentive (WITB) to keep working. ??? 🤔

Mr. O'Toole mentions monetary policy. Emulating Mr. Poilievre (his jobs critic), the CPC denounces the Bank of Cda's "money printing". What would stopping QE mean for:
1. Bank of Cda independence
2. Interest rates
3. Future & job-creation
bloomberg.com/news/articles/…
#Elxn44 #cdnpoli

Cancelling the national early childhood education plan would be a huge blow to job-creation & labour market participation. #Elxn44 #cdnpoli

In discussing the cost of living, will any leader mention that the Bank of Canada has undercut its inflation target (2%) twice as often as exceeding it? Core inflation is still below 2%. Suppressing inflation also means suppressing jobs. rabble.ca/columnists/202… #Elxn44 #cdnpoli

Mr. O’Toole often speaks of a looming debt crisis and “getting finances under control.” But his own platform spends more than the PBO baseline. He wants it both ways: scare voters about the deficit, but still make expensive promises. globalnews.ca/news/8160060/c…
#Elxn44 #cdnpoli

Here's the (non) crisis in Canada's finances under COVID: federal debt service charges still fell as a share of GDP. Federal government showed it has the power to mobilize huge resources to protect jobs & incomes. There's ample room to do more. #Elxn44 #cdnpoli

Labour shortages?? I don't think so. 1.5 million unemployed, 1.5 million more underutilized. #Elxn44 #cdnpoli

Mr. O'Toole says restaurants can't find enough staff. This might be the problem. #Elxn44 #cdnpoli thestar.com/business/opini…

OK that's a wrap. Personally I found the format frustrating: it didn't allow a substantive dive into the economics. Thanks for your interest in the labour issues at stake in this campaign! Check out centreforfuturework.ca for more research on jobs & incomes during & after COVID.