{"id":46760,"date":"2024-08-13T13:48:48","date_gmt":"2024-08-13T17:48:48","guid":{"rendered":"https:\/\/carleton.ca\/economics\/?p=46760"},"modified":"2025-06-11T09:08:55","modified_gmt":"2025-06-11T13:08:55","slug":"department-chair-chris-worswick-quoted-in-bloomberg-story-this-week","status":"publish","type":"post","link":"https:\/\/carleton.ca\/economics\/2024\/department-chair-chris-worswick-quoted-in-bloomberg-story-this-week\/","title":{"rendered":"Department Chair Chris Worswick Quoted in Bloomberg Story this Week"},"content":{"rendered":"\n
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\n Department Chair Chris Worswick Quoted in Bloomberg Story this Week\n <\/h1>\n \n \n <\/header>\n\n <\/div>\n\n <\/div>\n\n <\/div>\n<\/section>\n\n

Department Chair Christopher Worswick <\/a>was quoted in a Bloomberg story titled Cheap Foreign Labor Soars in Canada as Young Workers Are Left Jobless.<\/em><\/p>\n\n\n\n

Professor Worswick was quoted from his co-written peer-reviewed work showing firms prefer temporary foreign workers due to their higher efforts for the same wage.<\/p>\n\n\n\n

Here are the quotes from the article:<\/p>\n\n\n\n

\u201cIn a sense what we\u2019re doing is we\u2019re subsidizing those activities by allowing them to bring in low-wage workers rather than make them pay a competitive wage,\u201d<\/p>\n\n\n\n

“Wages should go up until labor supply equals labor demand,\u201d Worswick said. \u201cLabor shortages should be filled by wage increases. The only thing stopping a wage increase is the profitability of the firm.\u201d<\/p>\n\n\n\n

You can read the article on the Bloomberg website<\/a>. You can also read Professor Worswick’s work here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Department Chair Christopher Worswick was quoted in a Bloomberg story titled Cheap Foreign Labor Soars in Canada as Young Workers Are Left Jobless. Professor Worswick was quoted from his co-written peer-reviewed work showing firms prefer temporary foreign workers due to their higher efforts for the same wage. Here are the quotes from the article: \u201cIn a […]<\/p>\n","protected":false},"author":2,"featured_media":30009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-46760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":{"cu_post_thumbnail":""},"_links":{"self":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/46760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/comments?post=46760"}],"version-history":[{"count":3,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/46760\/revisions"}],"predecessor-version":[{"id":46764,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/46760\/revisions\/46764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media\/30009"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media?parent=46760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/categories?post=46760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/tags?post=46760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}