Atlantic Institute for Policy Research Highlights
Economic policy commentary and research from the AIPR
When labour costs outpace productivity
Herb Emery
Posted: August 7, 2019 12:00:00 AM ADT
Category: Manufacturing, Social Policy, JDI Roundtable, Regional Economics, Labour Markets
New Brunswick’s economy is sick. Since the 2008 Great Recession, New Brunswick has been plagued by a chronic condition called “Baumol’s cost disease”, caused by the double whammy of an aging population and sluggish business investment. We have fewer people in the labour force and our businesses either don’t have the confidence or resources to invest in...
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