Made in "Your Country Here" ; Is it important to you?

[kandrathe]

No, those of us with our 'weird modern job name-manager which actually make a lot more money' jobs would have a bit less money, but our socialist national goverments might have more tax revenue, due to actually receiving income tax from those citizens who now are unemployed to help pay for the services all citizens receive.

Let's back-of-the-envelope those numbers, in the best case scenario where this actually works - although I still maintain we have very little reason to suspect it would. Unemployment is at about 7.5%, and emp/pop is at historical levels, so we can pick up somewhere around 3 to 4% of the labour force before reaching full employment. Let's call that 2% of the population extra, employed, and paying taxes. That's 700,000 people. Now let's be generous and say that these people enter the labour force well above the ground floor - at $40,000 per year. Assuming no deductions, that's about $7000 in taxes per year. That's 4.9 billion in extra tax revenue.

Except this is the fictitious number (e.g those receiving unemployment benefits <> the unemployment rate). It's closer to 15% -- but it's hard to tell since the government only measures and publishes the "feel good" number. Our U6 rate is closer to 15%,

If you look at labor participation, Canada mirrors the US with male (15+) labor participation down 5% over the decade (71.5%), while female participation is up 10% (86.43%). Assuming males are equal to females (and with child birth, they should not), the male participation rate should be at least 15% higher.

Canada is doing better than the US.