2022: The unwinding of our economic paradoxes

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OPINION:'Many people are looking for work while many employers can’t find talent. A lot of self-congratulatory attention has been paid recently to the milestone of recouping all the jobs lost since the start of the pandemic,' Mark Agnew writes.

As we head into the holidays and slowly make our way toward another new year, we find ourselves at a time of restless transition. If 2021 was about vaccination rates and reopening our beleaguered economy, 2022 is shaping up to be about addressing everything else that happened — or didn’t happen — while we focused on COVID-19.

Canadians, and the businesses that employ them, are struggling to adjust to longer-term disruptions of supply chains, which will take years to sort out. This is happening just as businesses and consumers start to find their economic feet. In 2022, we could see a paradox of businesses finally reopening fully, but not having enough goods to sell.

The GDP’s current anemic growth of two per cent will cause us to fall further and further behind our G7 counterparts. The time has come to get laser-focused on sustainable growth. Because we can’t borrow our way to prosperity, sustainable growth will drive us forward, focus our efforts, and benefit all our social and climate goals.First is supply-chain resilience. Companies are facing shipping bottlenecks and a shortage of inputs and labour, while the costs of doing business increase.

Source: Financial Digest (financialdigest.net)

 

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Oh yes ...TruJobs...those that only exist b/c of massive subsidies...paid for by no -employers (taxpayers) to make the Libs look good. The jobs evaporate with the subsidies like most in the sun. More performative financial doggy-doo from Justin, Chrystia and pals. cdnpoli

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