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Home/ Edmonton Economic Development Corporation/ Contents contributed and discussions participated by Omar Yaqub

Contents contributed and discussions participated by Omar Yaqub

Omar Yaqub

How to compete and grow: A sector guide to policy | www.mckinsey.com | Readability - 0 views

  • To streamline the complex analysis governments need to undertake, MGI offers a new framework of six sector groups that share characteristics and respond to similar approaches to enhancing competitiveness. They are (1) infrastructure services; (2) local services; (3) business services; (4) research and development (R&D)-intensive manufacturing; (5) manufacturing; and (6) resource-intensive industries. In each of these groups, MGI documents how competitiveness levers vary and how policy has influenced competitiveness in each. These six categories provide a useful framework for understanding what determines competitiveness in different kinds of industries and what tangible actions governments and businesses can take to improve competitiveness
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    To streamline the complex analysis governments need to undertake, MGI offers a new framework of six sector groups that share characteristics and respond to similar approaches to enhancing competitiveness. They are (1) infrastructure services; (2) local services; (3) business services; (4) research and development (R&D)-intensive manufacturing; (5) manufacturing; and (6) resource-intensive industries. In each of these groups, MGI documents how competitiveness levers vary and how policy has influenced competitiveness in each. These six categories provide a useful framework for understanding what determines competitiveness in different kinds of industries and what tangible actions governments and businesses can take to improve competitiveness.
Omar Yaqub

Where the US will find growth and jobs - McKinsey Quarterly - Public Sector - Economic ... - 0 views

  • Policy makers pinning their hopes on cutting-edge “clean” technologies to create jobs on a large scale are likely to be disappointed. Innovation in R&D-intensive sectors can play a vital role, enabling productivity gains and consumer benefits in the economy more broadly—think IT. But such sectors alone are simply too small to make an economy-wide difference in growth and employment.
  • In the past, it has too often been hit or miss because it was based solely on a macroeconomic view—whether one country is more competitive than another.
  • The quest for new jobs, for example, is much more likely to bear fruit in large local-business and household-services sectors, where regulation can have the most direct impact.
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  • From 1995 to 2005, service sectors generated all net job growth in high-income economies and 85 percent of net new jobs in emerging economies. Low-tech green jobs in local services, such as improving building insulation and replacing obsolete heating and cooling equipment, could generate more jobs than would be created through the development of renewable technologies.
Omar Yaqub

Labour markets: The vanishing middle | The Economist - 0 views

  • emphasised the difference between routine and non-routine tasks. Many middle-skill positions—like factor line worker or back office clerk—are of the routine sort that can easily be either offshored or replaced by robot or computer programme. At either end of the skill spectrum, however, are a range of non-routine tasks—like design (at the high-skill end) or janitorial (low-skill) work. Employment opportunities for these positions have risen.
  • a key question is: what becomes of middle-skill workers? Do they find new work? As low-skill employees? And what does that do to the national income distribution? Thankfully, policymakers in Washington are debating these questions carefully and preparing a range of sensible responses. Right?
Omar Yaqub

Labour Force Information: Analysis - February 2011 - 0 views

  • Employment in Alberta increased for the second consecutive month, up 14,000 in February. As a result, the unemployment rate edged down by 0.2 percentage points to 5.7%.
Omar Yaqub

Alberta foreign workers can apply to government for permanent residency | www.edmontonj... - 0 views

  • killed temporary foreign workers certified in Alberta’s optional trades can now apply directly to the government for permanent residency instead of having to apply with their employers, the province announced
  • Alberta is allowed to nominate 5,000 people. With limited numbers, Alberta’s focus will be on nominating people who currently work in permanent jobs
  • “We have to make sure we are ready for the coming labour shortages as economies around the world are competing for the same skills and the same people. This change will allow Alberta to nominate the most qualified and experienced tradespeople working in occupations that are needed in Alberta.”
Omar Yaqub

ESL classes key for immigrant workers - 0 views

  • All labour market growth will be due to immigrants. If businesses want to grow, they will need to hire immigrants. But those immigrants need a chance to learn English.
Omar Yaqub

Measuring Capacity Building for Aboriginal Economic Development « Global Lead... - 0 views

  • Measurement of capacity building frequently involves the use of a logic model and self-assessments, which can be useful in helping to focus evaluation and in gathering individual perceptions.  Two drawbacks to the use of the logic model for evaluation are firstly that funder output focus may not match actual organizational goals and outcomes, and secondly that the complex relationships between components in the system are over-simplified or ignored. Self-assessments alone are problematic in that they focus solely on the perception of individuals and lack objectivity because they may be influenced by: effort, bias, discrimination, interpersonal conflict in the organization, desire to avoid scrutiny, fear of reprisal or personal gain.
Omar Yaqub

Pay Teachers More - NYTimes.com - 0 views

  • Until a few decades ago, employment discrimination perversely strengthened our teaching force. Brilliant women became elementary school teachers, because better jobs weren’t open to them. It was profoundly unfair, but the discrimination did benefit America’s children. These days, brilliant women become surgeons and investment bankers — and 47 percent of America’s kindergarten through 12th-grade teachers come from the bottom one-third of their college classes (as measured by SAT scores). The figure is from a study by McKinsey & Company, “Closing the Talent Gap.”
  • Recent scholarship suggests that good teachers, even kindergarten teachers, increase their students’ earnings many years later. Eric A. Hanushek of Stanford University found that an excellent teacher (one a standard deviation better than average, or better than 84 percent of teachers) raises each student’s lifetime earnings by $20,000. If there are 20 students in the class, that is an extra $400,000 generated, compared with a teacher who is merely average.
  • Consider three other countries renowned for their educational performance: Singapore, South Korea and Finland. In each country, teachers are drawn from the top third of their cohort, are hugely respected and are paid well (although that’s less true in Finland). In South Korea and Singapore, teachers on average earn more than lawyers and engineers, the McKinsey study found.
Omar Yaqub

Poker Bots Invade Online Gambling - NYTimes.com - 0 views

  • The best poker bots in the world include those from the University of Alberta Computer Poker Research Group, which is nearly 20 years old. Professor Michael Bowling, who has led the group since 2005, says the breakthrough came in 2003, when researchers decided to change their approach, shifting away from the methodology used to build chess bots.
Omar Yaqub

Why US productivity can grow without killing jobs - McKinsey Quarterly - Economic Studi... - 0 views

  • Does higher productivity destroy jobs? Sometimes, but only in the very short term, considering US economic performance over the past 80 years. In fact, every ten-year rolling period but one since 1929 has seen increases in both US productivity and employment. Even on a rolling annual basis, 69 percent of periods have delivered both productivity and jobs growth (Exhibit 1). Over the long term, apparently, it’s a fallacy to suggest that there’s a trade-off between unemployment and productivity. These are among the key findings of the latest report from the McKinsey Global Institute, Growth and renewal in the United States: Retooling America’s economic engine. We are optimistic about productivity because it isn’t only about efficiency; it is no less about expanding output through innovations that improve the performance, quality, or value of goods and services. What’s more, even productivity solely from efficiency gains can, in the aggregate, lead to higher employment if the cost savings are put back to work elsewhere in the economy. Companies can pass on those savings to their customers in the form of lower prices, leaving households and businesses with more money to spend elsewhere. They can also reinvest savings from more efficient operations in new job-creating activities.
Omar Yaqub

Local hiring outlook down: survey - 0 views

  • A hopeful hiring climate is expected for Edmonton in the spring, but employers aren't as optimistic as they were to start the year.
  • The latest Manpower Employment Outlook Survey, released Tuesday, found that 21 per cent of Edmontonarea employers plan to hire for the upcoming quarter (April to June), while nine per cent expect cutbacks, for a net outlook of 12 per cent
  • Sixty-nine per cent of employers will maintain their current staffing levels and one per cent were unsure of their hiring intentions.
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  • They're not always going to go up 100 per cent of the time. It's more key to look at that year-over-year reflection
  • Across Canada, employers project a hiring-intentions outlook of 13 per cent.
  • Western Canada is leading much of the optimism for job creation. Mining, services and transportation/public utilities were industries with the highest hiring intentions.
Omar Yaqub

Degrees and Dollars - NYTimes.com - 0 views

  • It is a truth universally acknowledged that education is the key to economic success. Everyone knows that the jobs of the future will require ever higher levels of skill. That’s why, in an appearance Friday with former Florida Gov. Jeb Bush, President Obama declared that “If we want more good news on the jobs front then we’ve got to make more investments in education.”
  • But what everyone knows is wrong.
  • technological progress is actually reducing the demand for highly educated workers.
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  • since 1990 or so the U.S. job market has been characterized not by a general rise in the demand for skill, but by “hollowing out”: both high-wage and low-wage employment have grown rapidly, but medium-wage jobs — the kinds of jobs we count on to support a strong middle class — have lagged behind. And the hole in the middle has been getting wider: many of the high-wage occupations that grew rapidly in the 1990s have seen much slower growth recently, even as growth in low-wage employment has accelerated.
  • jobs that can’t be carried out by following explicit rules — a category that includes many kinds of manual labor, from truck drivers to janitors — will tend to grow even in the face of technological progress.
  • production workers in manufacturing down to about 6 percent of U.S. employment, there aren’t many assembly-line jobs left to lose. Meanwhile, quite a lot of white-collar work currently carried out by well-educated, relatively well-paid workers may soon be computerized.
  • robot janitors are a long way off; computerized legal research and computer-aided medical diagnosis are already here.
  • we need to fix American education. In particular, the inequalities Americans face at the starting line — bright children from poor families are less likely to finish college than much less able children of the affluent — aren’t just an outrage; they represent a huge waste of the nation’s human potential.
  • things education can’t do. In particular, the notion that putting more kids through college can restore the middle-class society we used to have is wishful thinking. It’s no longer true that having a college degree guarantees that you’ll get a good job, and it’s becoming less true with each passing decade.
  • education isn’t the answer — we’ll have to go about building that society directly. We need to restore the bargaining power that labor has lost over the last 30 years, so that ordinary workers as well as superstars have the power to bargain for good wages. We need to guarantee the essentials, above all health care, to every citizen.
  • What we can’t do is get where we need to go just by giving workers college degrees, which may be no more than tickets to jobs that don’t exist or don’t pay middle-class wages.
Omar Yaqub

U of A signs postsecondary mutual-aid agreement | The Gateway - 0 views

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    The idea for a mutual-aid agreement was initially brought up at a province-wide symposium on enterprise risk in June 2010 with strong support from the U of A, and was signed in early February of this year. Stack said that reaction to the partnership has been highly positive. The agreement wouldn't have any financial implications on the institutions providing resources, as the requesting institution would recover any direct costs that the assisting institution might encounter. The partnership was modelled after a similar contingency plan that the City of Edmonton has in place with surrounding municipalities.
Omar Yaqub

Big Rethink 2011: Economically Driven Innovation - Core77 - 0 views

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    This notion of economically driven innovation was apparent throughout the conference and it was encouraging to hear was that there would be a green upside. According to Bew, the past ten years have been responsible for half of the price increases the world's commodities have experienced over the last 150 years. This economic situation will drive governments to encourage innovation in environmentally friendly alternatives in the same way necessity drives innovation in businesses and entrepreneurs.
Omar Yaqub

America's recovery: The new new normal | The Economist - 0 views

  • if the new normal was slow growing employment, the new new normal is a slow growing labour force. Put the two together and the unemployment decouples from the overall health of the economy. Why? Perhaps the Great Recession has permanently diminished work opportunities for big swathes of the work force, in particular prime-age men. Perhaps America is now experiencing an echo of what older Europe and Japan already have: a demographically driven slowdown in potential growth. Or perhaps it’s one of those temporary statistical mysteries that will disappear soon.
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