Horizons Talks: The future of GDP and the future of work
The Horizons Talks speaker series brings experts from Canada and around the world to share their forward-looking research and ideas with public servants.
Could digital technologies cause a permanent decline in demand (as measured by GDP)? What might be the economic and fiscal impact?
Join us as we explore the impact of digital technologies on the economy with Armine Yalnizyan, Atkinson Foundation’s Fellow on the Future of Workers. Armine served as Senior Economic Policy Advisor for the Deputy Minister at Employment and Social Development Canada from 2018 to 2019.
Digital labour platforms are growing rapidly, both in existing sectors and those with higher skills and wages. This could cause more of Canada’s high-paid, white-collar workers to compete with people from lower-wage economies, much as blue-collar workers struggled with globalization from the 1970s to the 1990s. As global wages converge, workers in richer countries could face falling wages, while those in poorer nations could see increased pay and purchasing power. This may not play out evenly, but—like everything we are learning throughout this pandemic—governments’ responses could maximize their potential.