I wasn’t feeling particularly productive yesterday, so I decided to check out a Fraser Institute lecture on productivity.
And I’m glad I went, as Jason Clemens from the Institute gave an interesting talk on a subject that needs a whole lot more discussing.
Clemens notes that unless we improve our productivity – we seriously lag behind the United States and several other countries in this department – Canada’s standard of living will fall.
And that’s something that should concern all Canadians of all political stripes – including socialists.
After all, if our productivity continues to drop, it means we won’t be able to pay for all those wonderful social programs so near and dear to the left.
So how can we improve productivity?
Well, says Clemens, we can do one of two things: work harder or work smarter.
Working harder means putting in more overtime, which is not that appealing to me at least.
Working smarter, on the other hand, means the government must cut taxes – especially those taxes which inhibit investment and risk taking: income taxes, capital gains taxes, corporate taxes.
By the way, Clemens was not crazy about the Conservative government’s plan to cut the GST because he says it won’t increase productivity.
But it should make me a bit more productive when I go shopping.