July 4, 2023

Episode #99: The Brief: Understanding Productivity and the Role It Plays For Canadians

Productivity is a word spoken around boardroom tables, but rarely is it spoken around dining room tables.

But it should be.

Because productivity, which very simply means getting more and doing more with less effort, is directly related to our standard of living, our wages, and to our kids’ futures.

In this episode, we are joined by economist Trevor Tombe to explore this topic, diving deep into what productivity is and isn’t, why it matters, how Canada stacks up against the US, why we’re no better off than we were in 2017, and why we need to shift our mindsets around policymaking to ensure that productivity is a core aspect of all future policy.

In this episode:

  • What do economists mean by “productivity”?
  • The economic impact of a Canadian productivity slowdown
  • The productivity gap between Canada and the United States
  • How Alberta maintains a higher GDP per capita than most US states
  • Canada’s productivity growth compared to the OECD
  • How Canada can boost its productivity growth
  • Why we measure GDP per capita
  • The impact of labour share to GDP
  • How we can bring productivity to more everyday conversations
  • The future of Canada’s economic productivity growth
  • Putting productivity at the center of public policy decisions

Resources mentioned:

About The Brief

In this series, co-hosts Scott Crockatt and Brittany Brander explore the big challenges we face as Albertans; celebrate stories of growth, innovation, and prosperity; and discover bold ideas to make life better for Albertans.

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