The Parallel Parliament

Glen Pearson

Posts tagged “economy

If You Want to Fix Poverty, Fix the Economy

Posted on April 5, 2018

This is from a post I wrote a few years ago (October 2015) and it still seems as relevant today.  We’re still not making the choices necessary to attain serious poverty reduction.   He awoke from a deep slumber a couple of weeks ago to the sound of phone ringing incessantly, but when he answered he didn’t mind. Angus Deaton was being informed by someone on the other end of the phone that he was being awarded the Nobel Prize for Economic Science. Interestingly, it was how he shed new light on persistent poverty that earned him the credit. Or as the Nobel committee put it: “To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. Angus…

Inequality in the Fast Lane

Posted on December 14, 2017

In the midst of all the election hubbub following the stunning Democratic Senate win in Alabama, one Republican congressman used the occasion to call on the Republican Party to dump Steve Bannon, one of the early architects of Trump’s presidency. Congressman Peter King is worried over where his own party is headed in recent weeks and although his speaking out against Bannon raised a lot of eyebrows, it was something he said only a couple of weeks earlier that carries much more significance. While the Republican tax cut plan was heralded by some in Washington, King was flummoxed by the nonsensical hurry to get it passed when it was, in fact, the deepest cut in corporate taxes seen in decades. “You’re rewriting a tax…

Never Again Just Happened

Posted on December 5, 2017

As decisions go, the passing of the Republican tax cut bill could have the most profound consequences for any nation having economic relations with the United States, including, and perhaps especially, Canada. Nobel Prize winner and New York Times columnist Paul Krugman wrote of how all the lies surrounding the initiative, “show the rot spreads wide and deep,” in the GOP. Krugman isn’t without his many critics, but there was something so manufactured, so devious about the tax plan, that he spoke honestly to what can only be termed as the greatest tax grab by the wealthy in decades. Myths abounded, mostly exposed and exploded, by a bipartisan group of leading economists who consistently bit back at the fabrications. Will the cuts stimulate growth?…

What’s to Become of Labour Day?

Posted on September 5, 2017

Social agencies throughout the country are encountering people who are recently without work or holding down one or two minimum wage jobs as they seek to make ends meet for their families. It’s an endlessly disillusioning process – one showing no sign of abating. Yet, with yesterday being Labour Day, the subject received little mention. Governments can be forgiven for having grown distracted by terrorism, climate change, the struggles of modern democracy and, yes, Donald Trump. But this is the new world, the new economy, the new reality of employment. Millions are facing it and, despite training and education, they are witnessing that link between work and wealth disappear in real-time and with real fallout. We see what happens when democracy stumbles along through…

Raising the Floor

Posted on April 14, 2016

TUESDAY OF THIS WEEK WAS EQUAL PAY DAY – a date missed by millions. We have the four main kinds of wages: minimum, subsistence, living, and fair wages. But the most important one is missing from this list – equal wage. According to Statistics Canada, women over 15 make up 48% of our national workforce. Yet when you add it all up, women working full-time make 72 cents for every dollar made by men undertaking the same responsibilities. So, yes, efforts at improving wages are vital for those in low-income situations, but our ultimate efforts must seriously embrace an equal wage between the genders. It’s one thing to recognize gender equality and elevate women’s issues in public consciousness and in politics, but until equal pay…

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