History 2125F/G Lecture Notes - Lecture 11: Canada Labour Code, Socalled, Gross Domestic Product
10 Apr 2018
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Document Summary
Considerations of a postwar boom : the labour side. On the national level, then, economic growth was readily apparent and reasonably steady. But these phrases suggest some of the qualifications which must be made. Agriculture, too, suffered job losses as machines continued to replace people. Despite sizeable population gains, the canadian economy sustained nearly full employment (at least by modern standards) -- unemployment rates fluctuated between 2. 8 and 6 percent. And statistics suggested that (overall) there was more wealth to go around -- the gross domestic product per capita rose -- take the following statistics: 12,742 relatively low rates made home ownership more affordable -- home ownership rose from 33 % in 1948 to 60 % in 1961. Governments also cut income tax rates a number of times. Reality check: gross economic gains reflected a more technologically sophisticated economy -- one that very few canadians were equipped for -- only 1. 4 % of.
