Canada's Productivity

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Canada’s productivity is not in really good shape now. Among its G-7 partners (Britain, Japan, Germany, France, Italy and the U.S.) , it has the lowest rate of growth in economic productivity over the past 25 years while it ranked second in productivity only to the U.S. two decades ago. What was the problem? Why was the situation getting worse and worse? While the problem seems to be getting more serious as the new …

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…new equipment with new technology makes greater productivity and better quality. From what has been mentioned above, the fact that Canada’s productivity needs to be improved, and the government should put more effort on it. Canada must solve the productivity problem through massive tax cuts and increase budgets on both education and technology development or continue to lose talents to the U.S. while we’ll have poorer productivity and competition in the market.