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The article reviews the book, "The Economics Anti-Textbook: A Critical Thinker’s Guide to Micro-Economics," by Rod Hill and Tony Myatt.
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All three global automakers currently manufacturing vehicles in Australia have announced their total shutdown of operations there by 2017. This shutdown has sparked some fears that Canadian auto manufacturing may follow a similar trajectory. This article reviews the factors contributing to the closures in Australia and considers key structural, economic, and policy differences between the Australian and Canadian cases. The Canadian industry enjoys several structural advantages compared with Australia, chief among them its large and bilateral trade relationship with the United States. These advantages suggest that the Canadian industry has a better prognosis.
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Stanford, J. (2016). Centre for Future Work. Centre for Future Work. https://centreforfuturework.ca/
The Centre for Future Work is a progressive research institute, founded in 2016, with operations in Canada and Australia. The Centre is a unique centre of excellence on the full range of economic issues facing working people: including the future of jobs, wages and income distribution, skills and training, sector and industry policies, globalization, the role of government, public services, and more. The Centre also develops timely and practical policy proposals to help make the world of work better for working people and their families. The Centre is independent and non-partisan. [Jim Stanford, Director.] --Website description
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"[C]onducts a wide empirical study of Canadian employment data in search of any evidence that higher minimum wages reduce employment or increase unemployment. The authors examine the relationship between minimum wages and employment in all ten Canadian provinces betwenn 1983 and 2012, finding no consistent evidence that minimum wage levels affect emoployment in either direction. Instead, their research concludes that employments levels are overwhelmingly determined by larger macroeconomic factors." --CCPA Monitor, Nov. 2014
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Paid work associated with digital platform businesses (in taxi, delivery, maintenance and other functions) embodies features which complicate the application of traditional labour regulations and employment standards. This article reviews the extent of this type of work in Australia, and its main characteristics. It then considers the applicability of existing employment regulations to these ‘gig’ jobs, citing both Australian and international legislation and case law. There is considerable uncertainty regarding the scope of traditional regulations, minimum standards and remedies in the realm of irregular digitally mediated work. Regulators and policymakers should consider how to strengthen and expand the regulatory framework governing gig work. The article notes five major options in this regard: enforcement of existing laws; clarifying or expanding definitions of ‘employment’; creating a new category of ‘independent worker’; creating rights for ‘workers’, not employees; and reconsidering the concept of an ‘employer’. We review the pros and cons of these approaches and urge regulators to be creative and ambitious in better protecting the minimum standards and conditions of workers in these situations.
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This concise and readable book provides non-specialist readers with all the information they need to understand how capitalism works (and how it doesn’t). Economics for Everyone, now in its second edition, is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wages are explored, and their importance to everyday life is revealed. --Publisher's description
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