That’s almost $ per Canadian, and that’s a benefit we should receive every year going forward. 1 For more detail, see “Making Cents of Wages,” an article published earlier this year in The  Economy, Plain and Simple. 2 The remainder comes from growth in total factor productivity.
As policymakers, we must address the perceived trustworthiness of those financial institutions that interact with the public and move the millions of Americans lingering in the margins of the financial marketplace into relationships that provide them with sustainable access to banking and credit, an understanding of how mortgages and credit work, and an understanding of how to create savings.