Jobless London, Ontario, Canada
The August 27, 2014 edition of Metro had a brief article by, Angela Mullins on a presentation by Ivey Business School professor and economist, Mike Moffatt titled, "The impact of London's missing 24, 700 full-time jobs." This article was of interest to me, but I do not think Mike Moffatt understands the problems that are affecting London.
The solution to London's steady high unemployment rate is not:
"…building on London’s strengths, especially low-cost of living."
"…advanced manufacturing and agri-food... building infrastructure for sectors like audio/video editing and technical consulting services…."
The answer is getting London City Council completely out of the economy of London. If London City Council would stop squandering the tax money it collects, stop meddling in the economy, and concentrate on doing the things a municipal government should be doing then business would come to London again.
London should invest in its infrastructure: roads, sewers, water systems, etc., and make London the city with the best infrastructure in the area.
London should have the lowest tax base in the area.
London should scrap the tax on downtown businesses by the London so-called Merchant's Association.
London should get rid of of its Business Improvement Area (B.I.A.)
London should end the overregulation of business in London.
London should stop wasting tax money.
The poor economic situation in London will not improve if London City Council continues to syphon off the benefits of business with its heavy taxation, excessive regulation, and its socialist economic schemes.
© Trevor Dailey