Stephen Harper’s election pledge du jour was a target of 1.3 million net new jobs by 2020, which sounds terribly impressive, but if you listen to the economists talk about it, there are a few caveats. Of course, we should note first that really, government’s don’t create jobs as such, but they can provide the environment that is conducive to investment and hiring. The question for Harper really is a) how many of these jobs would be created regardless of whatever you do, and b) what measures exactly are you proposing to create these jobs, considering that it’s becoming ever more clear that we’re moving into an era of really low growth. And no, just signing trade agreements isn’t enough, nor is just lowering taxes and calling it a day. The Conservatives asked Mike Moffatt and Kevin Milligan to check their figures, and both say that sure, it’s plausible – but it’s going to depend on strong global growth, immigration, and older workers staying in the workforce longer (as in not retiring). Mike Moffatt gives his analysis here, while Milligan (and others) have tweeted their comments.
https://twitter.com/kevinmilligan/status/646353978452668416
https://twitter.com/kevinmilligan/status/646354120912187392
https://twitter.com/kevinmilligan/status/646357137124257792
https://twitter.com/kevinmilligan/status/646359832807649280
https://twitter.com/kevinmilligan/status/646360403753041920
https://twitter.com/lindsaytedds/status/646347682307411968
https://twitter.com/LindsayTedds/status/646347416493363200
https://twitter.com/mikepmoffatt/status/646355410262323200
I believe 1.3 million jobs by 2020 is achievable given increased labour force attachment by older workers. #elxn42
— Dr. Jack Mintz (@jackmintz) September 22, 2015
https://twitter.com/mikepmoffatt/status/646355705893662720
https://twitter.com/mikepmoffatt/status/646360723707293697