When the Harper government announced in December that they had no plans to expand the Canada Pension Plan to tackle retirement insecurity, they justified the decision by explaining the move would kill between 17,000 and 50,000 jobs. Turns out that’s not quite true. Finance Canada documents released under Access to Information, provided to PressProgress […]
“In the long run, expanding the CPP would bring economic benefits. Higher savings will lead to higher income in the future and higher consumption possibilities for seniors.”
“Finance Canada used the most unrealistic assumptions to generate forecasts of significant job losses, economist Rhys Kesselman, who holds the Canada Research Chair in Public Finance at Simon Fraser University’s School of Public Policy, told theVancouver Sun.
The Parliamentary Budget Officer called out Finance Canada last week. The office released a report showing the department’s jobs report, released alongside the federal government last month, relied on questionable job postings on Kijiji to conclude the country’s job vacancy rate has been “increasing steadily since 2009.”
(The Conservatives often cite this phantom trend to explain why the Temporary Foreign Worker program has expanded under their watch.)
“Officials with the Parliamentary Budget Office says Kijiji is so unreliable as a job site that it can single-handedly explain away the government’s claims. With the simple removal of that one site from the search, the steep rise Ottawa flagged becomes much closer to a flat line,” the Globe and Mail reported.
The real story, found in the PBO report and supported by Statistics Canada research, is there is little evidence of a national labour shortage or skills mismatch.