Canadas Unemployment Rate

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Term Paper Title	Canadas Unemployment Rate
# of Words	3015
# of Pages (250 words per page double spaced)	12.06

Canada's Unemployment Rate

Canada's Unemployment Rate

     For decades prior to the 1981-82 recession, the national unemployment
rates of Canada and the United States had been nearly identical. Since then, a
persistent "unemployment rate gap" has emerged. Throughout most of the 1980s,
Canada's unemployment rate has consistently been about 2 percentage points
higher than in the United States. The gap developed in spite of very similar
economic performances across the two countries: the growth rate of real per
capita incomes has been virtually identical since 1976. However, now, well into
the 90s, the gap has widened much more significantly. In the last five years,
the United States average has actually fallen from 6.7% to 6.5%, with a current
rate of 5.2%, while the Canadian rate has and still remains at 9.4%, with a
current rate of 9.7%.  This substantial difference in Canada's unemployment rate
can be attributed mostly to the safety net which the government provides,
including generous payments of unemployment insurance and other social services;
but also to the high payroll taxes; and the under performing Canadian economy.
There is no single reason for the persistent gap in the unemployment rates of
Canada and the U.S., but rather a combination of the above factors.

     "No society can be flourishing and happy, of which the far greater part
of the members are poor and miserable." (Adam Smith)  This is the theory behind
the creation of social services such as unemployment insurance and welfare
payments in many countries. The Canadian government provides a substantial
"social safety net" for its population. At first, this seems like a fair and
proper thing to do, as it is in the best interests of society as a whole.
However, when this generosity is taken advantage of by undeserving recipients,
problems and controversy arise. The problem of abuse of Canadian social services
has become prominent in 1996. The general consensus of organizations such as the
Fraser Institute and the OECD, is that Canada's generous social safety net is a
disincentive to work, which leads to dependence on the government, thus
resulting in increased unemployment.  By comparing the social benefits provided
for Canadians and Americans, the cause of this gap in the unemployment rate
becomes apparent.

     In general, the social benefits provided for Canadians are incredibly
generous, and unregulated in comparison to those of the U.S., resulting in a
dependency on them and creating a disinc...

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