Premium Only Content
Ontario has the same per capita GDP as Alabama
Ontario has the same per capita GDP as Alabama
Productivity is not some abstract academic concept but determines the quality of people’s lives and their ability to raise a family. GDP per capita roughly represents the amount of income generate each year. Lowe productivity results in lower living standards.
Canada has some of the worst productivity among advanced nations. The standard of living continues to fall compared to the United States.
Canada’s labor productivity fell for the fourth straight quarter returning the country back to levels last seen in 2017. This is the equivalent of $5,500 per person in lost economic output. If Canada kept up with the pace of the USA, they would be producing over 8% more per hour worked than they currently do.
Ontario is the most populous province in Canada and accounts for nearly half the country’s manufacturing.
As a whole, Canada has missed out on the economic feast of the past decade leaving with with little fat on the bone to weather the current economic famine.
Only Alberta exceeds the US average of $76,000
Works Cited:
https://thehub.ca/2023-06-15/trevor-tombe-most-provincial-economies-struggle-to-match-the-u-s//
https://businesscouncilab.com/insights-category/analysis/productivity-part-three-canada-us-productivity-gap/
Tags:
canada gdp, canada, gdp, canadian economy, canada economy, canada gdp 2022, canada gdp 2021, canada gdp 2020, canada's gdp, canada gdp per capita, canadian gdp, economy of canada, canada news, canada gdp 2023, canada gdp news, canada economics, the economy of canada, russia gdp vs canada gdp, the economics of canada, how canada economy works, canada today, nominal gdp, canada economy explained, bank of canada, america vs canada, statistics Canada
-
3:46
The Last Capitalist in Chicago
1 year ago $0.06 earnedBeneficiary forms can override your will
286 -
8:16
Chrissy Clark
12 hours agoCan A Christian ØF Model Exist?
4665 -
27:49
Goose Pimples
1 day ago7 Ghost Videos Scarier Than Googling That Weird Rash
1.67K8 -
14:30
Rethinking the Dollar
11 hours agoNY Gets Ready! Stimulus Checks In BUDGET Proposal For 2025
344 -
56:37
Uncommon Sense In Current Times
19 hours ago"The Last Chance to Save Our Republic!"
1.53K -
3:45
BIG NEM
11 hours agoFrom Broke Waitress to OF Millionaire: The Bianca H Story
3.35K3 -
1:24:43
Steve-O's Wild Ride! Podcast
4 days ago $33.20 earnedEddie Furlong & Steve-O Are Sobriety Brothers - Wild Ride #245
82.9K24 -
2:57:29
Fresh and Fit
8 hours agoWho's Better? Men Or Women? HEATED DEBATE!
104K66 -
5:10:56
Drew Hernandez
18 hours agoDANIEL PENNY ACQUITTED & BLM CALLS FOR RETALIATION?!
55.8K68 -
5:31:40
BSparksGaming
10 hours agoFirst EXCLUSIVE Rumble Livestream! #RumbleTakeover
43.2K1