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Lack of will sapping Canada's incomes
Entrepreneurial spirit is lacking, and Ottawa won't face the problem.
--- WORKERS ---
July 2, 1999 -- by Marie-Josee Kravis.
What will it take to rouse Canadians from their resigned acceptance of declining standards of living? During this past decade, personal income per capita rose 13.8% in the United States, but it increased only 0.6% in Canada, excluding the effects of the declining Canadian dollar. ....
A recent study published by Canadian Imperial Bank of Commerce economist Benjamin Tal ... shows that jobs created in Canada were markedly different from those created in the United States. Self-employment accounted for 60% of jobs created in Canada during the past decade. ... Most of Canada's self-employed were one-person so-called businesses, with earnings roughly 75% of those of paid employment.
In the U.S., only 10% of new jobs were in the self-employment category ... Almost all American self-employed were new business owners who created jobs for others, and paid competitive wages to their new employees. ... Why are Canada's self-employed accepting lower incomes, and why are they unable to grow and create jobs? ...
Canada's egalitarian credo has prevented enthusiastic support for and extolling of the trappings and benefits of success. The rich and successful are almost suspect. Big is not better -- it's worse.
The lack of attractive rewards and the failure to celebrate success have undougtedly had a detrimental impact ...
... the jobs created in Canada during the past decade have tended to be concentrated in low-paying industries such as retailing and personal services. In fact, 70% of new Canadian jobs were created in these weaker sectors. The comparative statistic for the U.S. is 55% ....
Canada has always been a colonial economy. For the past 30 years the majority of Canadian businesses have either been owned by or financed by foreign investors. Most Canadians and most Canadian companies and governments in the 1990s have been totally debt laiden leaving outside investors in control of their jobs and incomes.
Canadians sell themselves on living the American lifestyle of luxury which daily advertises itself in the majority of television programs they view in their homes and the majority of movies that entertain them.
Canadians fall short of sacrificing their "personality" to that of their envied though "crude" neighbors. And when they are laid off by their American employers, abandoned by their government's restrictive employment insurance and social assistance practices, and abused by their lending and investing authorities --- they are too proud to admit openly their poverty and despair. Self-employment, for most Canadians and many Prosumers, is a way of coping with chronic unemployment.
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