Manufacturing adds significant Value to our Economy
Manufacturing adds Value Added, High Paying, Skilled Jobs to the Canadian Economy versus Warehouse Distribution. This amounts to about 10.5 % or $234 Billion of GDP, and about 1,500,000 Well Paying Jobs!
Our Education System needs to cater to these skill requirements.
Through neglect and high taxes, Manufacturing has been allowed to Atrophy, and lose its luster from previous days. We have exported jobs or lost control to American Companies.
Productivity isn’t everything, but in the long run it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise output per worker.
A country’s standard of living ultimately depends on its labor productivity, that is, its ability to generate the highest possible level of income or output, per unit of labor input.
Labor productivity is a function of a country’s capital intensity, labor force quality, use of advanced technologies, achievement of economies of scale, and adeptness at shifting capital and labor across industries and firms to their highest value use.
