If I were invited to a Golden State Warriors’ party and I were the only non-player invited, as soon as I entered the room the average height of people in the room would fall. But no player would lose height.
Why do I mention this? Because in an otherwise excellent analysis of the causes of Canada’s decline in real GDP per capita since 2022, author Philip Smith decries the result but doesn’t consider Canada’s equivalent of the Warriors in the room.
Smith points to a number of factors...