Little To Celebrate on Labour Day- Fraser Institute Report
Prince George, B.C. -While the Labour Day long weekend sparks events meant to celebrate the accomplishments of the labour force, a new report from the Fraser Institute says Canadian workers have little reason to party compared to their American counterparts.
The report, which examined the labour market performance in all ten provinces and all 50 U.S. States, concluded, Canada’s labour force is under performing.
In fact, not one Canadian province cracked the top ten.
The study looked at labour market performance in 2014 through to end of 2016 giving points in each of five factors, which included:
- job creation
- worker productivity
Jurisdictions ended up with a total score out of 100, and the higher the score, the higher the ranking.
Saskatchewan got the highest total (59.8) putting it in 15th place, while British Columbia settled in at 17th spot with at total of 58.9.
The reports authors, Charles Lammam and Hugh MacIntyre, conclude there are several reasons for the overall poor performance, saying federal and provincial governments ” have generally not done the labour market any favours. A series of policy choices have made Canada less attractive for investment, businesses, entrepreneurs and skilled workers.” They say the policies include “higher tax rates, rapid debt accumulation, soaring electricity costs (especially in Ontario), higher minimum wages and more stringent labour and environmental regulations.”