Philip Cross: Private sector still key to Canada’s prosperity
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Philip Cross: Private sector still key to Canada’s prosperity
Public-sector employment grew twice as fast as private over the past 10 years but the private sector is still where 80% of jobs are
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Over the past decade, Canadian economic policy has been based on the assumption that large-scale government borrowing and an expanding public sector would boost economic growth. So: did the burst of government-sector hiring after 2015 deliver this promised stimulus to overall economic growth? Based on the results of my recent study on public employment, the short answer is: no.
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