Canada is facing a productivity crisis that threatens wages, competitiveness and long-term prosperity. Canadian productivity lags behind the United States by 28 per cent and ranks 18th among Organisation for Economic Co-operation and Development (OECD) countries.
Productivity is the economic value of the goods or services produced compared to the amount of work it took to produce them. Productivity should matter to every Canadian, because it directly influences inflation and income, and its effects are felt by all.
