LABOUR AND CAPITAL PRODUCTIVITY IN SASKATCHEWAN
Increasing productivity is, some would argue, the only sustainable way to increase economic prosperity so the measurement of productivity growth, while presenting some considerable statistical challenges, is important.
Labour productivity is increasing in Saskatchewan but not as quickly as in the past and not as quickly as in other provinces. Capital productivity is declining and it is doing so more quickly than other provinces. The net effect is that Saskatchewan’s overall productivity performance can only be described as poor.
An examination by industry group shows that the resource sector – mining and oil/gas – is the main reason for the poor performance.
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