Armine Yalnizyan Profile picture
Mar 15, 2018 8 tweets 4 min read Twitter logo Read on Twitter
Dear any political party
Don't bother preaching tax cuts, debt-reduction through service cuts, as the fast-track to the future or a path to prosperity.
We've had a quarter century social experiment with that.
We're done with that fiscal fantasy.
If you're keen on debt reduction, grow the economy.
If you want more growth, support for women > trade or biz investment.
Women's estimated potential impact on growth (with supports) $150B by 2026. Trade's ~$12B by 2040.
(Thread: )
#cdnecon #cdnpoli #onpoli
Federal #Budget2018 articulated most elements of a plan to increase women's contribution to the economy, but not the next crucial step: a national strategy to improve access to affordable, high quality early childhood education for our kids.
That's why Poloz talked about it y'day
This is not about social policy, or women. It's about economic growth.
A plan that builds access to high quality care for our kids means more children reach their potential, maximize the opportunities that come their way.
It let's women deploy the human capital they've built up.
The approach to growth that starts by maximizing contributions of women, racialized minorities, indigenous people, the so-called disabled to our economy, our families, our communities is the core of 21stC economic policy.
Squanders no talents. Leaves no money on the table.
A strategy based on tax cuts, debt reduction (and, perforce, service cuts) i.e. shrink the size of the government, disregards the biggest challenge the early 21stC economy in Canada (and all rich nations, including China) faces: population aging.
Do the demographic math and you quickly realize you can't continue with the 20thC "less government, more market" mantra.
It doesn't add up.
So governments need to figure out what to do to maximize household purchasing power in an era of slowth.
#ItAintHowBigItIs #ItsHowYouUseIt
OK I'm done.

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More from @ArmineYalnizyan

May 15, 2018
I asked @DanDoctoroff today at… what Sidewalk Labs' business model was? How did they plan to make money here?
His answer(s):
There are five potential sources of revenue for Sidewalk Labs:
1. One will be potentially from development, Sidewalk Labs as "master-enabler, but our role in vertical will be limited. We want to demonstrate *others* can make money". /2
2. Working with Waterfront Toronto and planning, getting approvals for land use, will mean value of property will increase. Sidewalk Labs will get some $ for some of that. /3
Read 13 tweets
May 4, 2018
Hey everybody this chart is great news on two fronts:
1) only 12.1% of Canada's 15-29 year olds are not working, in school or training. We can do better, but we're better than most of OECD's 36 nations.
2) this number was 16.6% 5 days ago. Shocking. Here's what happened next /2
It seemed high given we were 9th worst out of 36 countries. @AlexUsherHESA pointed out relatively high PSE enrolments and relatively low unemployment made it seem odd.
StatCan doesn't publish data series on the category. 1 monograph here:… /3
That's for 15-19 year olds only, and only for 2016. I asked them for the data series for 15-29 year olds, because they were likely the originators of the data OECD used. The 2016 value was much lower than the OECD.
OECD needs to make data from around the world comparable. /4
Read 11 tweets
Apr 21, 2018
Canada is the 10th largest economy in the world, with a fraction of the other economies' populations.
We can build whatever kind of world we want.
Pharmacare? Child care/early childhood education? Dental care? Post-secondary education? Housing? Public transit? Legal aid? Access to hi speed internet? Basic income?
We can improve any dimension of our lives we choose.
What we *can't* do, if we want to improve everyone's quality of life, is continue to offer tax cuts. That includes not enforcing existing tax rules/permitting tax evasion.
Tax cuts are sold as "more money in your pocket".
Two things that are misleading about that framing...
Read 11 tweets
Dec 1, 2017
Businesses raise their prices *without* the minimum wage going up allathetime! #cdnecon
Exhibit A: Tim Horton's raised the price of a cup of coffee in
2011 by 7¢ ("rising prices of coffee beans")
2014 by 10¢ ("rising operations costs", with coffee bean prices and, oh yah, costs of [$11B] Burger King deal identified)
August 2017 by 10¢ ("rising operations costs")
You will note not one of those rising costs were wages.
Put price rises in context. Any rising input cost is a rising cost. Period.
Including executive pay and mergers and acquisitions.
Read 17 tweets

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