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Budget 2016: Government commits to improving compassionate care leave and parental leave benefits

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Phil Hyde:

Good news roundup, especially about Canada’s worksharing programme, seeing as how worksharing is a halfway step to what every economy has needed to guarantee full employment and maximum consumer spending, marketable productivity and investment solidity since the beginning of the Industrial Revolution: energetic conversion of chronic overtime into training and jobs, and if that doesn’t yield full employment, as much downward workweek adjustment as it takes to produce the requisite amount of convertible overtime. Deets on Timesizing.org (Note that what we’re getting instead is a mounting, officially denied labour surplus hidden in categories like welfare, disability, homelessness, prison, suicide, and a mind-boggling coagulation of the money supply in the tiny population in the topmost brackets, who can’t spend it, who donate a smaller percentage than any other bracket including the bottom bracket, and who wind up having insufficient marketable productivity to provide investment stability = the dread Black Hole Economy. Capitalism only runs well under a labour shortage (at least as perceived by employers) to maintain and raise wages and consumer spending, but “alas,” wartime and plaguetime prosperity are now denied us by wardrones and modern medicine, barring the creation of that magic labour shortage and leaving us with only the intelligent way to engineer it = OT-to-jobs conversion and workweek reduction. Hey, we cut from over 80 hrs/wk in 1840 to 40 in 1940, but haven’t touched the workweek since. even though a 1% less unemployment for every hour cut from the workweek held for the US 1938-39-40, 44-42-40 hrs, 19.0-17.2-14.6% and for France 1997-2001 before the US-led recession hit France in the summer), 39-35 hrs, 12.6-8.6% – in each case with very naive assumptions about how market forces would convert OT into jobs with no special design effort.

Friday, March 25 at 12:11 pm | Reply

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