Industry studies indicate a pattern of greater efficiency gains after 1995, and one clearly gets that impression from talking to business leaders. These executives consistently say that, when they have little leverage to raise their prices, the key to boosting profits is productivity growth.
My long-standing interest in public service and economic education (indeed, education more generally) was sparked and nourished through my formative years at Ridley College and Queen’s University. Ridley’s motto is Terar Dum Prosim (which roughly translates into May I Be Consumed in Service). And Queen’s is Sapientia et Doctrina Stabilitas (that is, Wisdom and Knowledge Shall Be the Strength of Thy Times).