Question :Write 200–450 words considering one of the social indicators identified in Hicks (2008) and relate it to more contemporary data (2011), or (2014) if available. If a further report has been developed please use the most recent.
Identify how Canada compares to other countries (pay attention to UK, US, and Sweden). Provide some critical thinking about why you think Canada is where it is and attempt to provide a response within a social policy analysis.
Answer: According to Hicks one of the most important social indicators is the employment rate of a country. Hick’s work was an important landmark in the social policy framework of Canada and his observations provided a much-needed idea about the implications of various factors that must be considered in order to determine the welfare of the country.(Hicks, 2008) Among them one of the most important one was the employability rate in a country.
The employability rate of a country determines the overall quality of life and how the citizens are able to contribute to the economy. It is an extremely indispensable factor and needs to be thought about. If we are to consider the growth in employment rate if immigrant men in Canada it is much lower that of the employment growth rate for the same demographic in USA(Kaushal et al 2016)
The employability rate as a social indicator affects the decision-making abilities of the government and helps them understand their economy better. The deeper recession in UK has resulted in a higher unemployment rate than that of Canada (Michalopoulos, 2000) But Canada is still behind the US in this regard. A big reason for this could be the structural defects in creation of better policies. Exchange rates have also had a deeper effect on what it means for increasing rate of unemployment in Canada.(Lysenco, 2019) It is important to remember that the population of Canada is also aging which makes the prediction of higher growth rates of an economy for the future a little doubtful(Fernald, 2018).
It is quite plausible that the maximum stimulus from fiscal policies that have been introduced has already been exhausted which is why Canada is experiencing an overall slow growth.
Michalopoulos, C., & Robins, P. K. (2000). Employment and child‐care choices in Canada and the United States. Canadian Journal of Economics/Revue canadienne d'économique, 33(2), 435-470.
Lysenko, D. (2019). The long-run effects of the real exchange rate on employment and wages in Canadian manufacturing. International Review of Applied Economics, 33(4), 477-504.
Hicks, P. (2008). Social Policy in Canada–Looking Back, Looking Ahead. Looking Ahead (November 1, 2008). Queens University School of Policy Studies, Working Paper, (46).
Kaushal, N., Lu, Y., Denier, N., Wang, J. S. H., & Trejo, S. J. (2016). Immigrant employment and earnings growth in Canada and the USA: evidence from longitudinal data. Journal of Population Economics, 29(4), 1249-1277.
Fernald, J. (2018). Is Slow Productivity and Output Growth in Advanced Economies the New Normal?. International Productivity Monitor, (35), 138-148.
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