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By A Smith (anonymous) | Posted February 11, 2011 at 03:14:51
We may be a victim of our own success. In 1961, business machinery and equipment comprised 2.50% of Canada's GDP. Since that time, it has risen steadily to where it now (2008) makes up 9.43% of GDP (inflation adjusted). Curiously enough, even though we have cheaper and more abundant technology in the workplace, the overall economy has slowed almost every decade since 1961...
1961-1969 5.560
1970-1980 4.050
1980-1990 2.810
1990-2000 2.910
2000-2010 1.850
Perhaps a way to bring back middle class career jobs is to start taxing machinery/equipment at higher rates and using that money to reduce payroll taxes. This would not eliminate new technologies from workplaces, but it would make hiring a human more cost effective than it is today. It may even bring back some of those jobs that people got out of high school. The ones that people could raise a family on.
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