Jasmine Ramze Rezaee wants you to think twice when Ottawa says we have a productivity problem.
Prime Minister Mark Carney links weak productivity to rising costs.
“Our long-standing weak productivity is making life less affordable for Canadians,” Carney said in a speech in May. “It’s beginning to strain our government finances and starting to put at risk the social programs on which Canadians rely.”
The metric — calculated as real GDP growth per hour worked — is one way to measure the efficiency of Canadian workers. As Bank of Canada senior deputy governor Carolyn Rogers explained in a speech last year, strong productivity means faster GDP growth and higher
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