Tuesday, July 24, 2007

Wrong on SO Many Levels!

This Globe Business Article by Tavia Grant has me shaking my head!

The premise is that our national retail sales stats for may were driven by the Quebec Public Service Settlement on "Pay Equity" where the payouts to the civil service were such that the PQ retail index rose by 4.8% driving up the National Index from an estimated 2.2 to the record setting 2.8%!
So we have what appears to be a wonderful news story about the positive effects of a Socialist Tax Spending program!

This is wrong on so many levels!

If in fact the effect of the settlement on pay equity to the QPS is responsible for the upward spike in retail spending it speaks very poorly of the Quebec economy. Not to mention that any economy which can be so influenced by the personal spending behaviour of it's civil servants has way too much invested in those persons. The negative effects of this bureaucratic meddling are certainly NOT being considered.

Do I detect a note of cheerleading for this socialist policy on the part of the author ??

Has the policy mindset that exists at the editorial level of the Globe and Mail infected the business reporting group?

Looks Like It .........

OMMAG

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3 Comments:

Anonymous JR said...

It is just a little annoying to see a business columnist presenting a giant pay equity settlement as good news. Objectively it may explain a big jump in sales and it may be good news for retailers in the short term, but the pay equity scam is bad news for everyone in the long run.

You might forgive the G&M business editors if they carried a story or editorial with the bad news side of pay equity. Maybe they did but I wouldn't bet on it.

7/24/2007 9:12 p.m.  
Blogger PGP said...

No they did not... at least not in the online news service.
What gets me is how such a settlement could have such a large impact (apparently) ............

But I've always felt that pay equity plans mandated as they are by government bureaucrats are a very negative thing.

7/25/2007 10:02 a.m.  
Blogger PGP said...

I saw in the comments at G&M that a couple who are beneficiaries of this windfall are playing down the economic impact.

Seems the concept of the BIG picture is something way too fuzzy for some....

7/26/2007 10:14 a.m.  

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