“What is clear is that thousands of jobs with decent wages, good benefits and pensions for ordinary people will be lost, with scant hope that similar jobs will be created to replace them…
There is no chance of Canada Post going bankrupt (which is why Finance just waived its obligation to make special payments for the next four years). But this phantom deficit will continue to cloud the story, even as Canada Post improves efficiency, expands business, and, oh yeah, raises prices.
More cost, less service. It’s what a company does just before it loses market share to competitors. Privatization, here we come.”
Armine Yalnizyan, Senior Economist at the Canadian Centre for Policy Alternatives, questions the logic (or lack thereof) of the proposed cuts to Canada Post, as the Crown Corporation is on track to make a profit this year.
Teachable Moments is an ETT Weekly/website-feature highlighting labour, education, and politics-themed quotes from the past and present, with the goal to engage and inform.