Innovation key to close Canada's productivity gap
By Scott Simpson
By now, it’s a cliché: work smarter, not harder.
Yet for Canada, the reverse is often true. Canada ranks among the world’s Top 5 nations for prosperity but its workers lag many developed nations in generating rewards for their efforts.
Workers in the United States, The Netherlands, Belgium, Germany, France and Italy are more productive, based on gross domestic product (GDP) per hour worked. Compared to workers in the U.S., our per capita GDP shortfall has more than tripled in the past 30 years and verges on $10,000 a person each year.