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Friday May 13, 2022

May 13, 2022 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday May 13, 2022

Pierre Poilievre’s inflation disinformation

April 26, 2022

For every serious, stubborn and complicated problem, there’s an ambitious politician peddling a bogus plan to fix it. And if you need any proof, just listen to Pierre Poilievre’s simplistic explanation for runaway inflation, and then his troubling proposal for saving the economy. The narrative being spun by this federal Conservative leadership hopeful is that the Bank of Canada’s leadership is “financially illiterate” and its incompetence punished the country with the worst inflation in three decades. As prime minister, he would sort the bank out, pronto. And to make sure that happens, he announced at a leadership debate Wednesday that if he forms the government, he would fire Bank of Canada governor Tiff Macklem.

Posted in: Canada Tagged: 2022-17, Bank of Canada, Canada, convoy, economics, freedom, Pierre Poilievre, the Apprentice, Tiff Macklem, trucker, vaccines

Friday October 15, 2021

October 15, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday October 15, 2021

Ford should rethink outdated minimum wage stand

Doug Ford’s minimum-wage policy is the product of minimal thought.

April 29, 2021

Since becoming Ontario’s premier more than three years ago, Ford has rejected any meaningful increase in the baseline wages that employers must by law pay to their workers. After freezing minimum wages during his first 27 months in office, the premier consented to a 25-cent-an-hour increase one year ago then followed up with a paltry 10-cent-an-hour hike on Oct. 1. That brought the current hourly minimum wage to $14.35.

For many of the province’s 500,000 minimum-wage earners, this month’s change felt like a slap in the face instead of a helpful hand up. Those extra 80 cents they have in their pockets after an eight-hour-day’s efforts wouldn’t even cover the cost of their bus ticket to work. Yet Ford stubbornly insists any significant minimum wage increases would shutter businesses and drive higher unemployment.

The problem with this defence is that real-life evidence and real-live economists prove it’s wrong. And if Ford needs an expert second opinion on the matter from a fellow Ontarian, he should consult David Card, the Berkeley university professor who just won the Nobel Prize in economics. The native of Guelph and graduate of Queen’s University, Card was awarded the prestigious honour this week largely for his groundbreaking work into the economic and human impacts that followed minimum-wage increases.

February 1, 2014

Before his research, many economists would have agreed with Ford that boosting wages for some people can make life worse for more by forcing business closures and job losses. If the cost of labour grows too high, the demand for it would drop as many businesses scramble to adapt and some even go bust. Or so went the reasoning — supported for a time by many studies.

But in 1993, Card and the late Alan Krueger challenged conventional theory by looking at what happened to jobs at several New Jersey fast-food restaurants after the state raised its hourly minimum wage from $4.25 (U.S.) to $5.05 (U.S.). After comparing the situation in New Jersey to what was going on at similar fast-food restaurants in neighbouring east Pennsylvania, they concluded the rise in the minimum wage had no effect on the number of people being employed.

In response to skeptical colleagues, Card launched another study in 2000 using new information. His findings were the same. And over time, he won over most of the doubters to his viewpoint. There are still vigorous debates over how governments should manage minimum-wage legislation. But the prevailing opinion of economists is that moderate and gradually introduced wage increments benefit low-wage employees, do not cost jobs and help reduce poverty.

October 18, 2006

In fact, Premier Ford should already know this. After the previous Liberal government raised the hourly minimum wage from $11.60 to $14 in 2018, he railed against what he called “a failed Liberal policy that is driving jobs and investment out of Ontario. It’s equal to the carbon tax when it comes to job killing.” The Ontario Chamber of Commerce was of the same mind and issued dire warnings of economic devastation to come.

Six months after the Liberal minimum-wage hike, however, Ontario’s unemployment rate had dropped to 5.4 per cent, the lowest it had been since 2000. Meanwhile, business profits in the province had risen while its annual inflation rate was running at a modest 2.2 per cent.

Let’s hope the worldwide publicity surrounding Prof. Card’s Nobel Prize will push Ford and the Progressive Conservatives to rethink a minimum wage policy that has so widely been discredited. In its place should be a minimum wage that rises annually and matches wage growth across the provincial workforce. It’s time for a minimum wage based on maximum wisdom. (Hamilton Spectator Editorial) 

 

Posted in: Ontario Tagged: 2021-34, academia, Beer, Buck-a-beer, David Card, Doug Ford, economics, Employment, Minimum wage, Nobel, Ontario, Science

Friday September 2, 2016

September 1, 2016 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Friday September 2, 2016 Trudeau and Chinese premier explore possibleÊfree trade deal Prime Minister Justin Trudeau has brought Canada closer to China after agreeing with the Chinese premier to deepen theÊcountriesÕ relationships Ñ and explore a possible free trade deal. After meeting with Trudeau, Chinese Premier Li Keqiang told reporters through a translator that Canada and China will launch aÊfeasibility study on an eventual free-trade deal. A senior Canadian official later said the two countries have ongoing technical discussions on free trade, but stressed that thereÊare no negotiations under way at this point. ÒThis year marks 45 years of diplomatic relations between Canada and China,Ó Trudeau said as he stood beside Li in BeijingÕsÊGreat Hall of the People, which overlooks Tiananmen Square. ÒMy father, Pierre Elliott Trudeau, played an important role in establishing a partnership between our two countries when heÊwas prime minister. So, IÕm very happy to be extending that effort now.Ó The countries also agreed to hold annual meetings between the Chinese premier and the Canadian prime minister on a range ofÊissues, including national security and the rule of law. (Source: Toronto Star) https://www.thestar.com/news/canada/2016/08/31/trudeau-and-chinese-premier-explore-possible-free-trade-deal.html Canada, China, globalization, free, trade, employment, economics, diplomacy, propaganda

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday September 2, 2016

Trudeau and Chinese premier explore possible free trade deal

Prime Minister Justin Trudeau has brought Canada closer to China after agreeing with the Chinese premier to deepen the countries’ relationships — and explore a possible free trade deal.

After meeting with Trudeau, Chinese Premier Li Keqiang told reporters through a translator that Canada and China will launch a feasibility study on an eventual free-trade deal.

A senior Canadian official later said the two countries have ongoing technical discussions on free trade, but stressed that there are no negotiations under way at this point.

 

 

“This year marks 45 years of diplomatic relations between Canada and China,” Trudeau said as he stood beside Li in Beijing’s Great Hall of the People, which overlooks Tiananmen Square.

“My father, Pierre Elliott Trudeau, played an important role in establishing a partnership between our two countries when he was prime minister. So, I’m very happy to be extending that effort now.”

The countries also agreed to hold annual meetings between the Chinese premier and the Canadian prime minister on a range of issues, including national security and the rule of law. (Source: Toronto Star)


2016-09-02tearsheet

 

Posted in: Business, Canada, International Tagged: Canada, China, diplomacy, economics, Employment, free, globalization, propaganda, tearsheet, Trade

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This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

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