Turning Less Into More
Last month, my column was on the theme Making Do With Less.
I suggested Canada’s capture fishing industry is facing a very serious crisis, due to decreasing landings and a shrinking workforce and that we need to be thinking about how to deal with it. In doing so, I suggested that we need to obtain more value from our resources and more output per person from the people who continue to work in the industry.
In other words, we need to get more from less. That is what this column is about. ...
Productivity and Incomes
Atlantic Canada’s capture fishing industry has had a serious productivity problem for a long time.
I wrote a column about that fact a little over a year ago. This month, I will discuss the significance of the problem in determining incomes of people in the industry and the challenges it will present for the industry of the future.
First, I should remind readers that productivity is measured as a ratio:
It is a measure of how much of something we get out compared to what we put ...