Canada GDP

[binthere]

Obtuse , or obstinate

[furrowtickler]

Billionaire capitalists are far left? Huh? LOL

Out of all the worlds billionaires how many of them made their billions from "far left activism"?

Furrow, putting the silly in Agrisilly!

No one made billions from far left activism , who said that ?
but they sure do pump money into it to continually stir the pot ..

[furrowtickler]

Canadas GDP …..

[AlbertaFarmer5]

And that decline was before trump threw a wrench into the works, and before the two most productive "have" provinces declared autonomy.

The rest of Canada is already a 3rd world economy, but hasn't realized it yet.

Get out while you still can. Before your real estate is unmarketable, before your currency is worthless, before your taxes go parabolic.

[chuckChuck]

"The rest of Canada is already a 3rd world economy" Bullshit!

By what measure Absurd 5? If you believe your own absurd bullshit Alabama is waiting for you!

So you agree with Danny Smith who said
“we’ve got the lowest living standards in the world.”?


Jim Stanford:
Perhaps surprisingly, the Canadian worker also paid a lower marginal federal tax rate (20.5 per cent for full-time workers) than their U.S. counterpart (22 per cent)

Of course, public services, not just private incomes, are also important to living standards. Canada’s more extensive health care, public education and other services enhance the quality of life in ways not captured by per capita GDP.

For example, eight per cent of Americans have no health insurance and one-quarter are underinsured (facing out-of-pocket costs that force many to skip needed care). That takes much of the shine off a higher GDP.

For all these reasons, it is clear the typical Canadian has a higher standard of living than the typical American. We are healthier live three years longer face much less inequality and are happier . These outcomes are not accidents. They reflect deliberate policy choices (including regulation, taxes and public programs) that shape both production and distribution to improve well-being.

In that light, Canada has continued to make progress in recent years – contrary to claims we have suffered a lost decade.

"For example, the poverty rate fell by one-third between 2015 and 2022. Average real hourly wages (after inflation) are nine per cent higher than a decade ago, despite post-COVID inflation. The average unemployment rate was lower over the last decade than the previous decade.

The United Nations human development index (HDI) confirms Canada’s success in converting economic activity into well-being. It attempts to directly measure living standards, rather than relying on per capita GDP to evaluate well-being. The HDI considers three components: per capita gross national income (GNI), life expectancy (a proxy for health) and education.

Canada ranked 18^th on the latest HDI scorecard, three places ahead of the U.S. Our human development has improved more than twice as fast since 2010 as the U.S. We rank eight places higher on HDI than we do on GNI per capita – confirming we efficiently improve human welfare with our economic resources. In contrast, the U.S. ranks 11 places lower on HDI than GNI, a bigger negative gap than any other developed country.

In sum, per capita GDP is a deeply flawed measure that says little about real-world living standards. To be sure, Canada has much to improve in its economy: not only to produce more but also to produce it more sustainably and use it more effectively to improve human and social conditions.

Nevertheless, the typical Canadian lives better than the typical American across a wide range of tangible indicators. Living standards for most Canadians have improved over the last decade, not cratered. We should not be misled by one flawed, abstract measure into believing that Canada is somehow an economic basket case."

[furrowtickler]

It’s unfortunate you can’t think for yourself

[TSIPP]

Soup kitchens and food banks can’t keep up, sounds like we’re doing great.

[furrowtickler]

More homeless encampments in cities than at anytime in history, yup great
no one under 35 can afford even a modest home even with good paying jobs

[shtferbrains]

We are going to lead the G7 in economic growth!
Is it just coincidence the 2 at the bottom have had the same priorities?

[furrowtickler]

The chucks are such spinsters