Mr. Speaker, I congratulate my hon. colleague from Windsor West on his excellent speech.
Tax cuts for multinationals, in other words, big corporate cuts, have had a measurable impact on workforce succession.
No investments have been made in workforce succession. We have an aging population and an aging workforce in many economic sectors, including the automotive sector. The government has not looked at how important succession planning is. The next generation will make up the workforce for the next 15, 20 and 25 years.
Tax cuts are all well and good. Since 2006, the Conservatives have cut the corporate tax rate from 21% to 15%. Where has that money gone? Into the pockets of CEOs. Some 20 of the richest CEOs in Canada earn nearly $5 million or more a year. That is how large corporations work. Thus, there is no incentive for workforce succession planning.
Since his riding is very industrial and relies on manufacturing, good succession planning is crucial.