The standard view in economics and in policy circles is that wage increases come at a cost that impacts individual firms negatively. According to this view, wage increases also lead to losses in a firm’s competitiveness in foreign markets. Thus, until the advent of the global financial crisis, mainstream authors paid little attention to the fact that wage growth had lagged behind the sum of productivity growth and inflation, in most countries and for several decades, and that as a result wage shares had fallen. There was also little concern with the rise in wage dispersion— the gap between the income share of the top 1% and the rest that became a part of the lexicon during the Occupy Wall street movement.
There is broad agreement across the political spectrum that we need to create more 'good middle-class jobs', especially for young people leaving the educational system, recent immigrants to Canada, and aboriginal persons.
Middle-class jobs can be seen as those which provide decent pay, working conditions, and benefits; a measure of employment security; and, above all, opportunities to build skills and progress over time in a career. In today's labour market, these kind of jobs generally require a professional or advanced technical qualification acquired through postsecondary education.
The Parliamentary Budget Office has come out with a report suggesting that the Conservatives will likely balance the budget ahead of schedule. But, and it’s a big but, they also found there would be no balanced budget in 2016 if there were no Employment Insurance (EI) surplus.
The Conservatives' use of the EI surplus to pay for a balanced budget deserves closer scrutiny.
On December 7 2013, Jeremy Bird, Barack Obama's National Field Director during the 2012 presidential election, gave a keynote speech on the fundamentals of community-based organizing to the Broadbent Institute's Municipal Political Action Conference.