• 18 Posts
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Joined 2 years ago
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Cake day: June 12th, 2023

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  • Whatever the problems with the old definitions, and they are numerous, they remain the way the national accounts are published in OECD countries.

    But so are too the conventions of generally accepted accounting principles for financial accounting.

    These are the way our data sources are framed so to do meaningful data analysis and interpretation we have to know them.

    Business schools are not immune or exempt from understanding where the data comes from and how it’s constructed. Any good business school in whatever tradition will make sure its students understand that at least.

    It’s one thing be such a pedant as to make students switch from conventional and do basic microeconomics with the P and Q axes reversed (as they logically should be), just to correct a deeply embedded error in the history of economic practice - and there are profs out there who do that.

    It’s another thing to be insistent on what is actually in a measure that calls itself ‘labour productivity’ and is used by uninformed or deliberately misleading business press in Canada to beat on the labour force itself when the structural issues are completely different.

    It would be worth discussing if the business press didn’t constantly misinterpret the meaning of measure.


  • Fair enough.

    There are genuine questions about whether or not the federal government should have given in to the provinces and territories in the 1990s regarding vocational and labour market training.

    Both of these, and post secondary, are federal jurisdiction or shared jurisdiction at best. (But accreditation of professional associations and credentials is provincial.)

    The federal government did its best to continue to directly fund these kinds of programs but the provinces, especially but not exclusively Quebec, felt strongly that this was preventing them to set their own socioeconomic development priorities.

    It sounds like both the CPC and LPC federal parties had platforms that look to have the federal government step back into this space.

    One has to wonder if they view the agreements they made to transfer labour market training to the provinces and territories as something they can pull back or wind up…

    On the agriculture point, let’s say I am more than qualified to speak to economic terminology.

    So, it may be pedantic, but it’s important to understand where economics definitions come from.

    Some like labour productivity and economic rents are irrevocably tied to their origins in agricultural economic concepts.

    Which means that when applied to a manufacturing or service economy, peoples’ intuition about their meaning can be very wrong.

    When we’re teaching economics, we talk about ‘developing economic intuition’ but it would be much easier for students if we didn’t have to counter so many counterintuitive terms.



  • Agricultural productivity is relevant insomuch as the economic definition of ‘labour productivity’ was developed for that context.

    It’s a measure of return of labour to capital.

    It is NOT measure of how productive the human capital of a population is.

    You and others here are mistakenly confusing human capital which includes investments in

    • education
    • skills
    • health and longevity

    with labour productivity.

    Also, you are very far off the mark if you think that Canada’s education and skills training is in any way inferior to that of the United States. On every possible measure from literacy to cognitive skills and abilities, the Canadian adult population is better than the US in international comparisons such as by the OECD.

    Skilled trades programs are arguably better in Europe but not in the USA.







  • I appreciate that you recognize that so-called ‘labour productivity’* is primarily a measure of the quality and technological level of the capital that the labour is working with.

    Too often, comparative measures of labour productivity and discussion focuses on hours worked, vacation days etc.

    These are very much second-order.

    Education levels are not second-order but Canadian workers are more literate and better educated across the board than the US manufacturing workers.

    So, the real question in manufacturing (as it is in housing construction), “Why is the Canadian private sector so unwilling to invest in ongoing technological upgrading let alone innovation?”

    • ‘Labour productivity’ was originally a measure of how much a given number of workers could produce with a fixed piece of land. Crop improvements and technology increased that in the agricultural revolution.

  • This really is a great piece.

    Interesting first-person perspective on Carney as a fellow graduate student at Oxford.

    But it was the latter half of the piece, that reflects on how Canadians who study in the UK or US are constantly subjected to overly aggressive declarations that deny Canada as a nation, which really hit home for me.

    As a Canadian who attended graduate school in the US, I experienced almost verbatim every denial and put down in this piece.

    And so many more constant and dumbfoundingly bizarre nonsequitur microaggressions. (One of the American I shared office space with lashed out that Canadians didn’t have any ‘real’ Black people so we had to borrow them from Jamaica to compete as athletes in Track and Field.)

    So many of these offensive remarks were self contradictory - e.g.,

    • Canada doesn’t exist as a nation or culture but at the same time Canadian students are vocally criticized for being ‘so nationalistic’

    • there’s no need to include Canada in a listing of macroeconomic indicators of major economies because it’s ‘just a regional economy in in North America’ but only the US indicators are included. Meanwhile, California is profiled and discussed as a separate economy because it’s ‘so large’.

    • or a renowned professor who I worked for as a research assistant observing at some random point when he realized where I had done my undergraduate degree ‘Oh, you went to a real place’ - which given how difficult it was to get into that school and program, should never have been a question.


  • Carating the underlying sexism in the writers’ bible for Lwaxana’s character is not a way to make mothers feel appreciated.

    Especially, when a lot of the joke was that she was chasing Picard - who avoided women who were mothers mainly due to his actor’s aversion to women his own age.

    Picard was an age appropriate match for both Lwaxana and Beverly, both mothers.

    Instead, due to Patrick Stewart’s interventions, we got Picard chasing after his much younger real life romantic interest who played Vash, and more recently Stewart’s attempts to shoe-horn in his very much younger wife into a closing scene for Picard.



  • Actually, most campaigns send out a collection team in the day after election day to take down the big sign as well as signs put up on public property. They also typically pick them up from lawns as requested.

    Some will wait a day or two to celebrate the win but sign pickup

    Most candidates keep the signs from one campaign to another. It takes a while for new signs to be printed at the beginning of a campaign. So, using old signs means getting signs up in the early days before your opponents and saving costs.



  • You’re tripping yourself up on the difference between British English and American English. Canadian English is tolerant of both forms.

    Oxford, where he wrote his thesis, would require ‘an’ before ‘historic’. When Governor of Bank of England, he would have had to have been careful to use British English.

    If you’re a Canadian using American spelling and grammar checkers to define your language, you might wish to reconsider that. MS Word does have Canadian and UK English options.




  • What I would like to see here is Canadian sourced yarn.

    Canadian spun yarn from Canadian sourced fibres do exist but are harder to find.

    There are also many small Canadian dyers but unfortunately many are buying imported merino yarn that is not ethically sourced.

    There are lots of great yarn stores across Canada selling lovely imported yarns as this one is. Especially when this stores’ promoted partners, such as Pacific Yarns, are based in the USA.

    I’m sincerely not sure what promoting them does for buying Canadian. I don’t see a focus on promoting Canadian yarn on their main page and the brands listed aren’t specifically Canadian.

    Spinrite used to be a Canadian yarn maker but it’s more complicated now, and many of their yarns are available at big box stores.