canada

crossposting from x, this is very alarming and we need to do something about it

we are lagging other countries badly in R&D spending 

blue line is US, red is Canada, black is OECD average

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Oh yes it’s not great. Here’s an article:

OECD predicts Canada will be the worst performing advanced economy over the next decade…and the three decades after that

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Canadian business under invests in:

1) new machinery / tech for productivity 

2) training for staff to make use of new technology 

3) pay raises for staff so they stick around

Jim Balsille article: https://nationalpost.com/opinion/an-outdated-myth-about-business-investment-is-hurting-the-canadian-economy

Oh yes it’s not great. Here’s an article:

OECD predicts Canada will be the worst performing advanced economy over the next decade…and the three decades after that

https://bcbc.com/insight/oecd-predicts-canada-will-be-the-worst-performing-advanced-economy-over-the-next-decade-and-the-three-decades-after-that/

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