Jim Stanford
Jim Stanford is Economist and Director of the Centre for Future Work, based in Vancouver, Canada. Jim is one of Canada’s best-known economic commentators. He served for over 20 years as Economist and Director of Policy with Unifor, Canada’s largest private-sector trade union.
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Podcast on the Federal Budget, Early Child Education, and the Recovery from COVID
Centre for Future Work Director Jim Stanford was a guest in this post-budget special edition of The Herle Burly podcast, hosted by David Herle. He and fellow panelists Dr. Kate Bezanson (from Brock University) and Peter Nicholson (former head of policy for the PMO) dissected the budget’s eye-popping deficit forecast, whether deficits matter, and the economic importance of universal high-quality early child education. Watch the full discussion here. https://youtu.be/fC92ZAs4P5g Budget Panel: Bezanson, Nicholson, Stanford + the Political Panel: Byrne and Reid | The Herle Burly
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National Child Care Roll-Out Will Boost Economy More Than Budget Estimates
Today’s federal government pledge to implement a national affordable child care program will significantly accelerate Canada’s recovery from the COVID-19 pandemic and recession, according to research from the Vancouver-based Centre for Future Work. And the Centre suggests that the resulting boost to output and employment will be significantly larger than estimated by today’s federal budget. “Universal high-quality early child education is a vital ingredient in a high-performance economy, and this plan will spark job-creation and income growth across the country,” said Dr. Jim Stanford, Economist and Director of the Centre for Future Work. “In fact, the improvements in employment and GDP growth arising from the plan are likely to be…
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The Contradictions of ‘Caring Capitalism’
Many companies these days try to promote a ‘socially responsible’ image: giving money to charities, speaking broadly about ‘stakeholders’ and ‘sustainability’, and even joining debates about issues like racism. But when it comes to their own bottom lines, few diverge from the fundamental goals of minimizing costs, avoiding taxes, and maximizing profits – regardless of the harm that might result to their workers, communities, or the environment. In this commentary, originally published in the Toronto Star, Jim Stanford takes aim at contradictions of this ‘kinder, gentler’ image corporations are trying to create. His jumping-off point is Hasbro’s effort to improve the image of its iconic Monopoly board game. The commentary…
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Media & Video Coverage of New Report on Workers’ Voice
The Centre for Future Work recently released a major report on the theory and practice of “workers’ voice,” as part of its ongoing PowerShare project. The report is titled Speaking Up, Being Heard, Making Change: The Theory and Practice of Worker Voice in Canada Today, was co-authored by Jim Stanford and Daniel Poon. The full report is available here. The report was launched with a special 50-minute webinar featuring presentations by: Shannon Daub, B.C. Director of the Canadian Centre for Policy Alternatives Co-authors Jim Stanford and Daniel Poon Christine Maclin, Director of Human Rights for Unifor, speaking on that union’s new Racial Justice Advocate program Pamela Charron, with the Worker…
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Strengthening Workers’ Voice in the Future of Work
The Centre for Future Work has published a major new report on the economic and social benefits of workers’ voice. There is abundant evidence that jobs are better when workers can provide input, express opinions, and influence change in their workplaces. Providing workers with regular, safe channels of “voice” increases their personal motivation and job satisfaction. It benefits their employer, too, through reduced turnover, enhanced productivity, and better information flows. And it contributes to a range of positive economic and social outcomes: from stronger productivity growth, to less inequality, to improved health. Given the dramatic changes occurring in Canadian workplaces (including automation, digital employment platforms, climate change, and pandemics), the…
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To Each According to their Need: The Morality of Vaccinations
The accelerating roll-out of COVID vaccines has stirred optimism among Canadians that the pandemic may be entering its last stages. An interesting dimension of the roll-out is the strong consensus among Canadians that the most at-risk Canadians should get vaccinated first: older Canadians, residents of long term care facilities, front-line workers, Indigenous people, prisoners, and others. In this commentary, a version of which was originally published in the Toronto Star, Jim Stanford considers the implications of this moral position – and wonders why we don’t apply the same principle (“To Each According to Their Need”) in other areas of economic life. By Jim Stanford Excitement over the rollout of COVID…
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Uber ‘Benefits’ Plan Aimed at Forestalling Real Change
Debate over the treatment of ride-share drivers, food delivery riders, and other workers in the gig economy continues to heat up, as governments around the world enact new policies to extend basic employment protections to those workers. The Centre for Future Work is consulting with groups like Gig Workers United and Ridefair Toronto on policies to close the loopholes that currently allow gig platforms to evade normal employment responsibilities. The following commentary was written by Centre for Future Work Director Jim Stanford in response to a new initiative by Uber to offer limited ‘benefits’ to its workers. By Jim Stanford It is not often that employers complain about workers being…
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Second Wave of COVID Job Losses Just as Unfair as the First
Commentary on January 2021 employment data by Jim Stanford: With most of Canada fighting a bigger, deadlier second wave of COVID infection, labour markets in most provinces are suffering the consequences. Employment began to shrink in December. But jobs data for January released by Statistics Canada confirm that the economy is sliding into a second dip, to match the second wave of the pandemic. Both the scale of job loss, and their painfully unfair distribution, are heartbreaking. And the new numbers reinforce findings from our first PowerShare report: 10 Ways the COVID Pandemic Must Change Work for Good. The worst impacts are being felt by workers in lower wage, insecure…
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The Revolution Will Not be Led by Day Traders
Global financial markets have been roiled since the New Year by dramatic surges in shares of several companies – even more gut-wrenching than the usual twists and turns of the paper markets. The rise and quick fall of GameStop shares was the most stunning; some observers attributed its volatility to a “populist” attack (by small-scale retail traders) on the elite bastions of high finance. Jim Stanford begs to differ: in this commentary (originally published in the Toronto Star), he argues the growing popularity of day-trading is not challenging the dominance of financial elites… it is reinforcing it. GameStop Shenanigans Only Enriched the Wealthy By Jim Stanford For a few exhilarating…
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Video Presentation on Building Better Jobs After COVID
Centre for Future Work Director Jim Stanford recently participated in the Cannexus21 conference, hosted by CERIC (a non-profit organization that promotes career counselling and career development in Canada). His topic was how to create better jobs, and a stronger labour market, after the COVID pandemic and its catastrophic impacts on workers – especially workers in low-wage, insecure jobs. The presentation updates material from our earlier paper, 10 Ways the COVID Pandemic Must Change Work for Good, published through our PowerShare project. Here is a link to his 30-minute presentation, followed by a few questions from the audience. https://youtu.be/hb_Sa51OSic We are grateful to CEIC and Cannexus for the opportunity to participate…