‘Over the long term, an economy that has nothing to offer people is going to create not just economic consequences, but political ones,’ Sean Speer says
OTTAWA — Canada risks a populist backlash if politicians fail to focus on the most economically vulnerable people, a new report says, as rosy economic data continues to overshadow the plight of many rural and non-educated workers.
Speer, who previously served as senior economic advisor to Stephen Harper, stopped short of suggesting Canada was at immediate risk of encountering a towering, populist wave.
Trump won the U.S. election by a narrow margin, carried in part by working class voters who felt threatened by shifts in the global economy that have led to a deterioration in classic American jobs, like automotive manufacturing and coal mining. Maxime Bernier, head of the People’s Party of Canada, has taken on policy positions that partly resemble Trump’s, blaming political insiders for creating an inherently unfair economic system.
Anxieties over job security and changing economic norms are mostly felt among workers from natural resource sectors like oil and gas, or in the manufacturing sector, many observers have said. It’s also widely visible in women’s growing share in the workforce. “If we just look at the headline numbers, we miss that there’s a lot more going on there, that there is a bifurcation occurring between women with post-secondary educations and men without them,” Speer said.
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