The report by the Premier’s Financial Restoration Group (PERT), headed by former Canada Publish CEO Moya Greene, was mandated to evaluation authorities expenditures, fiscal capability, supply of companies and areas of financial development.
“The ‘quaint economics’ on this report are textbook austerity measures which have confirmed to fail time and time once more,” mentioned MacNeil. “Moya Greene missed the chance to advocate daring motion to create jobs, increase the economic system and to construct again higher, as a substitute opting to chop healthcare to the bone, maintain a hearth sale on authorities property, assault pensions, and freeze employee’s wages.”
The report was delivered Could 6, 2021, following the resignation of the President of the Newfoundland and Labrador Federation of Labour Mary Shortall from PERT in January.
“We weren’t anticipating this report back to be beneficial to staff however the scope of proposed cuts, freezes, and privatizing is stunning,” mentioned MacNeil. “This so-called ‘reset’ is the precise reverse of the kind of funding that Unifor has referred to as for in restoration applications and infrastructure for the longer term.”
Virtually 1 / 4 of staff in Newfoundland and Labrador earn $15 an hour or much less. The provincial minimal wage of $12.50 is among the many lowest within the nation, even with a latest improve final month.
“Rising the minimal wage would result in a direct spending injection to native and provincial economies, as a substitute these suggestions put much less cash in folks’s pockets,” mentioned MacNeil. “The economic system is rather more than authorities funds. Staff in low wage sectors want greater earnings to spice up the economic system from the underside up.”
Unifor denounces austerity measures that disproportionately penalize decrease earnings earners whereas concurrently decreasing entry to social companies. The union as a substitute requires elevated funding in applications and development sectors to stimulate financial restoration, as outlined in Unifor’s doc Myth-Busting Government Debt: How Deficits and Spending Foster Growth.
Unifor is Canada’s largest union within the non-public sector and represents 315,000 staff in each main space of the economic system. The union advocates for all working folks and their rights, fights for equality and social justice in Canada and overseas, and strives to create progressive change for a greater future.
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