The move by governments worldwide to substantially reduce the use of carbon fuels will likely produce even slower productivity growth.
The average work hours of Canadians decreased by about 4 per cent between 2000 and 2018.
If you’re not producing very much marketable value, you won’t make a lot of money.
Statistics Canada again tried to explain the productivity slowdown of the last two decades.
China’s low wages give it a decisive cost advantage.