This is obviously a political question, since free trade means that jobs may move from one country to another. But in the automobile industry, for example, Roger Lowenstein wrote a very interesting book in which he clearly shows that the unions and management provided benefits that they knew were not sustainable in the longer term. Things like the so-called thirty-and-out are very expensive, and it is clear that no one set money aside for that.
So we need to be careful when we talk about pensions. We need to calculate the long-term costs and think beyond the present. The only way to have a stable pension system is to invest in Canada Savings Bonds. No one wants to assume the cost involved.