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This is true, I moved from the UK (London) to Canada and receive a higher wage. AND in the UK I was working as a contractor which is a way of avoiding a lot of

This is true, I moved from the UK (London) to Canada and receive a higher wage. AND in the UK I was working as a contractor which is a way of avoiding a lot of tax. What I would like to know is what can Canada do, tangibly, to increase wages to USA levels?

nine_zeros 3y ago
> What I would like to know is what can Canada do, tangibly, to increase wages to USA levels? Now this is a great question. Imo, they should follow the strategy of Asian countries. Asian countries started creating competitive ecosystems when they went through the manufacturing boom in the 70s-00s. What kind of competition? They incentivized and allowed many small companies to come up. They killed large megalocorps so that competition survived. They allowed creating international linkages for their people and businesses. They created massive infrastructure to aid these companies to trade among themselves, thus building an ecosystem. Then, they invited foreign companies to open shop locally. In the Canadian context of today, they'd need to incentivize creation of companies, perhaps through tax breaks. Build more roads, more houses, higher speed internet, create efficient ports and business laws that allow things to move faster. Dismantle some monopolies. Allow people to trade faster. E.g. a lot of Canadian businesses don't realize that they could leverage their businesses to create outposts in Dubai, Singapore, and other such financial hubs. Just opening offices there allows business to come into the company. Easier said than done of course. But of all the rich countries (minus USA), only Canada managed to achieve anything in the last decade, thanks largely to the immigration reform.
- dpc050505 3y ago
  >they'd need to incentivize creation of companies, perhaps through tax breaks Simply making bureaucracy easier/cheaper to navigate would be enormous. The barriers to entry for services as simple as cleaning windows, mowing lawns or painting drywall are gigantic relatively to the simplicity of the services involved.
- TMWNN 3y ago
  >They killed large megalocorps so that competition survived. That's so, so wrong. Be sure to tell Hyundai, Samsung, and LG that their government killed them.
  - nine_zeros 3y ago
    > Be sure to tell Hyundai, Samsung, and LG that their government killed them. Chaebols are certainly a Korean quirk. Not seen as much in other Asian countries. But even in Korea, the chaebols are dependent on small Korean suppliers to these large companies. It is competition among these small suppliers that has made the economy dynamic and innovative.
stcroixx 3y ago
New constitution and then rebuild the entire government. Federal government has way too much power and taxes and spends too much. Current combo of authoritarian and socialist policies will always keep wages down.

nine_zeros 3y ago

> What I would like to know is what can Canada do, tangibly, to increase wages to USA levels? Now this is a great question. Imo, they should follow the strategy of Asian countries. Asian countries started creating competitive ecosystems when they went through the manufacturing boom in the 70s-00s. What kind of competition? They incentivized and allowed many small companies to come up. They killed large megalocorps so that competition survived. They allowed creating international linkages for their people and businesses. They created massive infrastructure to aid these companies to trade among themselves, thus building an ecosystem. Then, they invited foreign companies to open shop locally. In the Canadian context of today, they'd need to incentivize creation of companies, perhaps through tax breaks. Build more roads, more houses, higher speed internet, create efficient ports and business laws that allow things to move faster. Dismantle some monopolies. Allow people to trade faster. E.g. a lot of Canadian businesses don't realize that they could leverage their businesses to create outposts in Dubai, Singapore, and other such financial hubs. Just opening offices there allows business to come into the company. Easier said than done of course. But of all the rich countries (minus USA), only Canada managed to achieve anything in the last decade, thanks largely to the immigration reform.

dpc050505 3y ago
>they'd need to incentivize creation of companies, perhaps through tax breaks Simply making bureaucracy easier/cheaper to navigate would be enormous. The barriers to entry for services as simple as cleaning windows, mowing lawns or painting drywall are gigantic relatively to the simplicity of the services involved.
TMWNN 3y ago
>They killed large megalocorps so that competition survived. That's so, so wrong. Be sure to tell Hyundai, Samsung, and LG that their government killed them.
- nine_zeros 3y ago
  > Be sure to tell Hyundai, Samsung, and LG that their government killed them. Chaebols are certainly a Korean quirk. Not seen as much in other Asian countries. But even in Korea, the chaebols are dependent on small Korean suppliers to these large companies. It is competition among these small suppliers that has made the economy dynamic and innovative.

stcroixx 3y ago

New constitution and then rebuild the entire government. Federal government has way too much power and taxes and spends too much. Current combo of authoritarian and socialist policies will always keep wages down.