• Commentary,  COVID,  Employment & Unemployment,  Macroeconomics,  Public Sector Work

    Reconstruction After COVID-19 Will Require Sustained Government Leadership

    The Centre’s Director Jim Stanford had a feature interview yesterday with Michael Enright on CBC Radio’s public affairs show, Sunday Edition, on how Canada’s economy will rebuild after the COVID-19 pandemic and lockdowns. A full recording and an abridged transcript is available on the CBC site here. Stanford argued that government investment, income security payments, expanded public services, and direct public sector employment will all be crucial to lift Canada’s economic activity back to its potential, once it is safe to go back to work. “This has actually been a real-time experiment that a national government — particularly one that has its own currency, as we do in Canada — has…

  • Commentary,  COVID,  Labour Standards,  Public Sector Work

    Trust has Hard, Economic Value

    The COVID-19 pandemic has proven, again, that society is not actually built around individuals all out to maximize their self-interest (as in the neoclassical fable). It works best with cooperation, reciprocity and trust. Valuing and investing in social trust is not a “feel-good” sentiment. It’s a proven, real source of economic and social advantage. Jim Stanford explores the economic value of trust, in this commentary which was originally published by the Toronto Star. The Economic Importance of Social Trust It was like a scene from a zombie movie: crowds of screaming protestors charged the doors of state legislatures in several U.S. states, opposing physical distancing restrictions. Many of them believe…

  • Commentary,  COVID,  Labour Standards,  Wages

    Pandemic Forces Us to Rethink What Jobs are Worth

    This commentary originally appeared in the Toronto Star. After COVID-19, We Need to Appreciate and Value Essential Work In any public emergency, like the COVID-19 pandemic, society naturally turns to tried-and-true public service professionals for advice, protection, and care. First and foremost, we depend on health care workers risking their own well-being to care for the ill – even in chaotic and over-crowded conditions. Other first responders provide emergency assistance. Utility workers keep the lights on, the water flowing, the mail delivered, and the garbage collected. These jobs are critically important. These workers can’t take leave. They can’t work from home. Not coincidentally, most of these jobs are in the…