Ironically, the use of the Temporary Foreign Worker Program for one of the people being trained to replace Canadians employed by RBC is just the tip of the iceberg.
The impending layoffs of technology workers at RBC show how easily Canadian companies can outsource jobs to other countries and how widespread it has become. It has also made it clear how, instead of discouraging companies from moving jobs out of Canada, government policies make it easier.
In a recent opinion piece, Dr. Feridun Hamdullahpur, president and vice-chancellor of the University of Waterloo, suggested three measures to improve innovation in Canada. All require involvement of government or public institutions.
In its report card, “How Canada Performs”, the Conference Board of Canada gave Canada a “D” for innovation. It found Canada ranked 14th out of the 17 countries surveyed and lack of innovation was harming the economy.
What makes the report card surprising is that the Canadian government spends more on research and development, as a percent of GDP, than any of the other countries surveyed. The problem is how the money is spent.
Canadians for a Modern Industrial Strategy (CMIS) brings together people from labour, business, and the community who believe our economic success and social well-being depend on adopting a proactive industrial strategy.
Copyright 2013 Canadians for a Modern Industrial Strategy