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Hard working province

12 Nov 2008

While Nova Scotia’s economic output per person was gaining on the rest of the country, the productivity of the workforce – the amount of output for each hour worked – was also increasing. [...] Such factors include the amount of capital and the level of technology, the value-added in the products, and the level of education, training, and skill among the workers chosen to do the work. [...] This is typified by Stephen Harper’s infamous words in 2002, “There is a dependence in the region that breeds a culture of defeatism.”4 The lower productivity levels in Nova Scotia are related to the structure of the province’s economy. [...] The series from 1991 appears to show higher earnings than the previous series, but this effect comes mainly from different methods of calculating.14 That is to say, workers are in reality no richer from one data series to the other, simply, the average reported for the province is different because of changes in the statistical methods used to compute it. [...] It is a common mistake to confuse the growth in productivity in the region, roughly comparable to that of the whole coun- try (Figure 2), with the fact that in absolute terms, productivity in Nova Scotia re- mains below the Canadian average.
politics economics economy poverty income inequality income distribution inflation gross domestic product canada business economic growth employment investments labour productivity unemployment trade union gdp provinces business finance economic inequality the maritimes economy, business and finance provinces and territories of canada wages and labor productivity profit (accounting) capitalists

Authors

Dufour, Mathieu

ISBN
9781897569160
Pages
28
Published in
Canada

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