Categories
British Columbia

Updates: Ricochet, Piketty Forum and more coming soon

I’m in the midst of a spell of travel and other work that’s been keeping me away from posting new content here. Another week or two and I should be able to return to much more regular updates of this blog. For the time being I wanted to mention two things that might be of interest to readers here:

Ricochet

I’m happy to be joining Ricochet as a contributing editor. Ricochet is a new entry into the media landscape in Canada: crowd-funded and independent, bilingual and pan-Canadian. The aim is to focus on traditional investigative journalism and hard-hitting analysis. I’m proud to be joining a range of colleagues and friends from across Canada. Especially exciting is the fact that many colleagues on the French-language editorial collective come out of Quebec’s Maple Spring student movement and a number have roots in the Idle No More movement that reasserted First Nations struggles. I’m looking forward to the much-needed exchange of ideas between Quebec, First Nations and English Canada.

The initial crowd-fundraiser is running until June 20th so check it out if you haven’t yet had a chance and consider helping us out financially if you have the means.

My role as contributing editor is relatively flexible but expect to see some of my writing up there both between now and the full launch later this year and beyond.

A Public Forum on Piketty in Vancouver

Also of interest to readers might be a public forum on Thomas Piketty’s Capital in the Twenty-First Century that I’m both helping organize and speaking at later this month in Vancouver. The idea is to provide both those who have read the book as well as those who don’t have the time for the 600-page tome of the the season an opportunity to learn about and discuss its major ideas.

The event will take place on June 25th at 7:00pm at SFU Harbour Centre (Room 1700) in Vancouver. Speaking will be Iglika Ivanova (CCPA BC), Marjorie Griffin-Cohen, Geoff Mann (both of SFU) and myself. There will be discussion of everything from Piketty’s massive trove of inequality data to his proposed solutions. I’ll be talking about the mechanics of Piketty’s economic model and how it fits into mainstream economics (in 15 minutes!). Here is the Facebook event page.

Hope to see you there if you happen to be in town!

 

 

Categories
Minimum wage Ontario Political Eh-conomy Radio

1,000,000 and $14: two numbers, two politics

This week’s podcast focuses on two numbers, one million and fourteen, that draw out some interesting links between economics and politics in Ontario and beyond.

 

Categories
Inequality Pensions Workers

Pension trade-offs and democratic deficits

Forget houses as a source of secondary income – that’s so 2007. After the latest recession, Americans are increasingly dipping into their retirement savings to fund on-going consumer expenses. Many private 401(k) plans have rules that allow workers to withdraw some amount of saved funds before retirement and such early withdrawals are on the rise.

The individual irrationality of raiding a 401(k) plan fits nicely with the old stereotype of the stupid poor who don’t know how to save; as if this is what separates everyone else from the truly wealthy. We not only lack the human capital for high-skilled, professional or managerial labour – with its attendant high salaries, good benefits, possible stock options, and so on – but this lack of human capital also translates into unfortunate decisions about what to do with incomes and savings. Inequality of resources becomes a question of less capable faculties in more ways than one: worse economic outcomes are compounded by inadequate life-planning, whether you have a pension or not. In short, inequality naturalized.

Categories
Inequality Ontario Political Eh-conomy Radio

Linda McQuaig on Hudak’s imaginary jobs and Canadian inequality

Today, I’m happy to present another extended interview and my guest is Linda McQuaig. Linda is a National Newspaper Award-winning journalist and commentator who has worked for the Globe and Mail, National Post, Toronto Star and many other outlets. She is also a best-selling author of numerous books that have focused on and popularized a host of economic issues. Her most recent book, co-written with Neil Brooks, is The Trouble with Billionaires: How the Super-Rich Hijacked the World and How We Can Take It Back. 

Just last week, Linda wrote a sharp piece critiquing Tim Hudak’s platform in the upcoming Ontario election. We discuss this article and Hudak’s plans in the first half of the interview, while moving on to more general questions centered on the topic of rising inequality in the second half.

Categories
British Columbia Housing

Forget global superstar, Vancouver’s housing troubles start at home

Vancouver was the star of a recent New Yorker article that shone a light on the city’s lack of housing affordability and linked this lack to an inflow of foreign buyers. Unfortunately, this link is extremely tenuous, as most of the support is anecdotal or based on very limited data. At the same time, there are good reasons to look for the sources of the lack of affordability much closer to home. Articles like that in the New Yorker allow for far-flung conclusions that end up bolstering a fatalist political narrative about the potential for meaningful change.

First, the data. The New Yorker author, James Surowiecki, offers two major sources to back his claims. The first is a Sotheby’s report stating that 40% of buyers of Vancouver luxury homes (luxury homes had an average low cut-off price of $2.8 million or three times the overall average price) in the first half of 2013 were foreign. At the end of his article, Surowiecki also cites Andy Yan’s interesting energy usage studies, the most recent of which showed that somewhere between five and ten percent of the city’s condos may be sitting empty at any given time. Of course Surowiecki cited the sensational statistic that almost a quarter of homes in one Coal Harbour census tract were likely vacant at census time.

Categories
Canada Government Ontario Workers

Hudak’s plans to cut teachers in statistics and politics

It’s election time in Ontario and that means graphs and statistics, facts and factoids, some stale, some new come out of the woodwork. Take the tweet below as an example, one that riffs on the old theme of an exploding public sector encapsulated in Tim Hudak’s promise to cut 100,000 public service jobs:

Let us even take the author’s word that he is non-partisan and found some seemingly interesting data; the focus is the chart, not him. There are two issues. The first is much simpler: the graph is a misportrayal. It uses data from a Statistics Canada sample-based survey to proxy for teacher employment and population data to proxy for student enrolment. While using proxies for missing data can be acceptable and justified, in this case, there is absolutely no reason for it. Both teacher employment data and enrolment data are exhaustively compiled by Ontario’s Ministry of Education. Here is the same graph with correct data:

140513 Teachers vs Enrolment

Categories
Political Eh-conomy Radio Unions Workers

CLC Convention 2014 fall-out

 

This week’s convention of the Canadian Labour Congress was more eventful than it has been in some time. There was a change of leadership and an energy palpable even from afar via social media. Of course, four days of convention does not a labour movement make and so today I’ve gathered together three guests to sum up what the convention means in the context of broader labour trends, for young worker and for grassroots organizing.

Categories
Workers

May (we struggle to work less during the) Day

The struggle for fewer working hours during the day, and by extension the week and the year, was long a cornerstone of organized workers. Both the struggle and the actual number of hours worked has stalled of late. Annual hours worked in Canada, the US and UK have all followed a similar pattern, flat-lining since the 1980s.

Figure 1. Average annual hours worked in the Anglo-Saxon economies (Source: OECD).
Figure 1. Average annual hours worked in the Anglo-Saxon economies (Source: OECD).

Looking at weekly hours in a longer perspective, the last several decades look even more anomalous. Keynes, who famously predicted that we would be working 15 hour weeks by the 2030s, is surely turning in his grave… Nevermind Marx, who spent hundreds of pages painstakingly documenting changes in working time and put active worker struggles at the centre of his analysis.

Figure 2. Average weekly hours worked in the USA over almost two centuries (Source: Vandenrbouke 2009)
Figure 2. Average weekly hours worked in the USA over almost two centuries (Source: Vandenrbouke 2009)
Categories
Canada Precarity Workers

Victim or menace: Notes on the TFWP and political agency

The louder the debate about temporary foreign workers grows, the more it seems temporary foreign workers, especially those from the global South performing low-wage labour, are left in the din on the sidelines. While there have been stories about exploitation on the job and beyond, much of the focus is on Canadian resident workers, business owners and the Program itself as an object of “abuse”.

When migrant workers are present, they are often placed at two opposing end-points on a spectrum of agency. At times, they are described as helpless victims at the exploitative whim of businesses and government regulations. Other times, however, they are presented as taking away “Canadian” jobs, actively affecting the labour market outcomes of resident workers.

There is a contradiction between representations that depict either an abject passivity or a kind of near malice – sometimes even simultaneously.

Categories
Canada Political Eh-conomy Radio Precarity Workers

Temporary Foreign Workers demand justice

The Temporary Foreign Workers Program has been increasingly in the spotlight the last few weeks. Many allegations have surfaced about the appalling living and working conditions faced by migrant workers. While much of the media coverage has ignored what is most important, my two guests on this week’s podcast are ready to offer some correctives.

First, Jason Foster speaks about the history of the Temporary Foreign Workers Program and its role in structural changes to Canada’s labour market – changes that have seen working conditions and security decline across the board. Jason teaches at Athabasca University; his research has focused on migrant labour.

Second, Adriana Paz-Ramirez provides more of the perspective of migrant workers themselves and links their struggle for justice to labour solidarity as well as immigration reform. Adriana is a long-time organizer with Justicia for Migrant Workers.