The case for raising the minimum wage
What we need is higher productivity in low wage industries, and a higher minimum wage floor will help to do the job.
What we need is higher productivity in low wage industries, and a higher minimum wage floor will help to do the job.
Social democratic visions of a “democratized” economy have too often paid scant attention to the enduring role and impact of European racism, imperialism, nationalism, and colonialism in modern capitalism and in social democratic reforms.
This well-known story of declining real earnings of younger workers is seemingly inconsistent with a story of increasing family incomes of children relative to their parents.
What we urgently need is a recreation of the effective politics of post-War social democracy. But we can’t just return to the past.
Given the huge imbalance, this would likely require more managed trade plus more proactive Canadian industrial policies. As a planned economy, China might be open to sectoral managed trade arrangements.
In this new age of corporate concentration, we certainly need a much broader response than competition policy alone.
It’s not right for us to think that we Canadians are immune to a radical right wing fanning intolerance and hate. We cannot be complacent. We need to change the game.
The innovation agenda marks another incremental turn away from “framework” economic development policies. But the shift is unlikely to be transformational unless it is scaled up and accompanied by a greater role for long-term public investment.
Without that information, how do we answer the central question – are we making the right choices that will help us live up to our vision of greater equality?