Increasing wages works to some extent. But retraining and being a better boss will do more
There are many challenges to running a business, including getting capital, getting customers and meeting the competition. Add staffing to the list. Hiring workers used to be less difficult. Any vacancy announcement attracted many more applicants than employers were able to consider. But now, there are multiple vacancies for every able, willing and available worker.…
As if plagues and wars aren’t enough, the media is scaring us about oncoming food shortages. We’re already seeing rising prices in restaurants and grocery stores, and we’re being warned about actual famines in other countries. There are three main causes. One is the damage to the supply chain movements caused by the pandemic. Hopefully,…
Buying only what we really need eases our budgets, simplifies our lives and cools the economy
Inflation is a relatively new concept to younger people, who have never experienced the onslaught of rising prices. It’s chilling to those who have lived through or learned of times when hard-earned and well-saved money depreciated in value. Monetary policy in Canada aims to keep inflation at or under two per cent. The latest rate…
Self-sufficiency and even reduced trade will lead to a much lower standard of living
Three major factors are drastically changing the world: climate change, the pandemic and, most recently, the war in Ukraine. Much of the conventional wisdom that we learned in school and that still governs many political decisions seems no longer to apply. COVID-19, climate change and attempted conquests appear to give more credence to the often…
Oil tankers off West coast are bad but drilling for oil off Newfoundland's coast is OK
We all know politics is the art of the possible. Perfection isn’t for the real world. We aren’t surprised when tradeoffs and the occasional compromise creep into government policies. Nor do we require elected members of government, even at the ministerial level, to be experts in their portfolio areas, although we expect them to avail…
This time it’s different. That statement should usually be taken with a grain of salt. But right now, it’s a very good description of what’s happening in the business environment. Market economies function by balancing supply and demand for goods, services and inputs such as labour. When trouble arises, it’s usually in the form of…
We need to stop the self-immolation of our energy sector before the next crisis strikes
How to end the conflict created by the Russian invasion of Ukraine is top of mind. Most of the world, including Canada, wants this nasty war resolved in Ukraine’s favour. To do this, steps need to be taken to limit Russian aggression, short of the direct military engagement that could lead to an all-out multinational,…
Attack on the Coastal GasLink site was far more violent than the Freedom Convoy
What Canada offers to its citizens isn’t glamorous or sexy, and it doesn’t inspire the beating of drums. It’s peace, order and good governance. These modest goals are accepted and expected by most Canadians. We may even have tended to take them for granted. But our peace and order have been threatened. For the past…
Throwing more money into the existing system won't work
Canada’s medical system is one of the defining benefits of living in this country, but we have learned from the pandemic that our medicare is nowhere near as strong and resilient as we might wish. Waiting lists have long been an indicator that the capacity of our clinics and hospitals was insufficient to meet our…
Our patience is running thin as we plod through yet another wave of COVID-19. We’re starting to get annoyed at political and medical leaders, who we loved and trusted at the beginning of the pandemic – and only because they haven’t got us through it yet. Deep down, we know that everyone is doing the…
There are many challenges to running a business, including getting capital, getting customers and meeting the competition. Add staffing to the list. Hiring workers used to be less difficult. Any vacancy announcement attracted many more applicants than employers were able to consider. But now, there are multiple vacancies for every able, willing and available worker.…
