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 earnedReturn to office policies are not working
174 -
LIVE
Darkhorse Podcast
2 hours agoThe 255th Evolutionary Lens with Bret Weinstein and Heather Heying
1,234 watching -
42:13
Tucker Carlson
3 hours agoWhy the Intel Agencies Want to Track Your Every Transaction and Throw Roger Ver in Jail for Life
76.4K46 -
LIVE
StoneMountain64
3 hours agoMaking EASY money in the HIGHEST stakes game out
446 watching -
1:56:06
The Quartering
2 hours agoCEO Assassin A Setup? Connected To Nancy Pelosi!, AOC Meltdown Over Daniel Penny, Trump Perfume Rage
66.9K22 -
LIVE
Viss
4 hours ago🔴LIVE - Everyone's Loot Belongs To Us! - Delta Force
1,040 watching -
1:09:34
Russell Brand
4 hours agoThe Untouchables: Jay-Z’s Scandal and Fauci’s Shield - SF511
144K99 -
1:00:01
The Dan Bongino Show
6 hours agoThe Bizarre Connection In The CEO Murder Case (Ep. 2385) - 12/10/2024
786K2.17K -
1:07:58
The Rubin Report
5 hours ago‘Daily Show’ Crowd’s Unexpected Reaction to CEO’s Murder Even Shocked Jon Stewart
71.4K167 -
1:59:53
Steven Crowder
6 hours agoWhy Does The Left Love Luigi Mangione and Hate Daniel Penny?
456K253