When he announced the sudden moratorium on new Temporary Foreign Workers (TFW) in the restaurant industry, Employment and Social Development Minister Jason Kenney tried to reconcile this dramatic about-face with his government’s long-standing support for the whole idea of migrant guest-workers. So while strongly criticizing a few particular restaurants for their high-profile “abuses” of the . . . → Read More: The Progressive Economics Forum: Jason Kenney, TFWs, and Canada’s Services Trade
One hundred and fifty years ago Americans were fighting a most bloody civil war. There were serious persons then and now that blamed the war on Eli Whitney for his invention of the cotton gin in 1794.
While Whitney’s gin directly reduced the demand for slaves to separate cotton fibre from the seeds, it broke . . . → Read More: The Progressive Economics Forum: What Caused the American Civil War?
The National Bank have published a very useful and interesting report on the current account deficit, which is now running at about 3% of GDP. They argue that the deficit – largely driven by a huge fall in our manufacturing and wider goods trade balance – has now become structural, and should be cause for . . . → Read More: The Progressive Economics Forum: The Current Account Deficit