‘In these uncertain times’…. has become a very common phrase in articles relating to economics, housing, politics, world governments and global warming and I suspect that many of us have heard it, or read it, so often now that it has lost meaning and the ability for us to sit up and take notice.
I am not a doomsday prophet nor economist nor activist, I am simply a Canadian citizen who does my best to stay apprised of what is going on in our country and in my own backyard which brings me to the topic, and question, of this article which is ‘Can Lean Thinking Help the Middle Class?’.
Reading through the 2018 Fall Economic Statement: Investing in Middle Class Jobs I find myself entertaining the thought that all is sunny and bright in Canada, the middle class are prospering, the government is a loving uncle and we will have more money in our pockets by year-end. However, I then look at my email only to find a report by RBC that states that across Canada the average percentage of household income required for home ownership is 53.9% and in the Toronto area that rises to 75.9%!
To add salt to the wound we are also being told that we should not be spending more than 30% of our income on housing. Clearly, 2+2 no longer equals 4.
The question then remains; as middle class citizens, how do we own a home, save for the future, feed our family, pay for the kids education and pay the ever fluctuating gas prices to get to the jobs which don’t give us enough money to do those items listed above! (Never mind clothing, healthcare, holidays, special occasions, charitable donations, home renovations, car repairs etc.).
I would like to posit that we consider implementing some Lean thinking into our daily lives. According to Wikipedia, Lean Thinking is defined as ‘a business methodology that aims to provide a new way to think about how to organize human activities to deliver more benefits to society and value to individuals while eliminating waste’.
The trending cultural or urban idea for this is ‘minimalism’ or for those that prefer Swedish terms it is called ‘Lagom’. Any way you look at it, it’s about learning to reduce (and ideally eliminate) waste (or clutter or excess spending) and become more efficient with our time. How often do we purchase items we don’t need? We throw out leftover food because we cook too much? We waste gas by not properly planning after-school activities? We purchase homes that we will spend a fortune on to furnish so that it looks and feels ‘cozy’? We delay going to the doctor because ‘we don’t have the time’ only to end up taking off way more time in the end because we are so sick? The list goes on and on.
Therefore, instead of only thinking about how to become more efficient with our time and resources in our professional life, perhaps 2019 is the year that we apply Lean Thinking and principles to our personal lives.
We would love to hear your thoughts on this topic. Have you ever applied Lean thinking to your personal life? Do you believe it would make a difference to the middle class in Canada as a whole?
This post was written by
Elizabeth Jamischak
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