“There is a looming demographic and labour market crises which has the potential to shake the very foundations of our society.”1
As ‘baby boomers’ move into retirement, we will continue to experience a growing labour shortage. The Conference Board of Canada states there is a ratio of 4:1 workers to retirees today, by 2035 the ratio will drop to 2:1.
How will Canada close the gap between labour force demand and a skilled work force? Rick Miner, Labour Market Expert, advises that “there is a surplus in the midst of the shortage and proposes the following solutions:
- Increased involvement of women
- Increased involvement of older workers (55+ yrs)
- Increased involvement of youth (15-24yrs)
- Increased immigration of younger skilled workers
- Increased involvement of Aboriginals
- Increased involvement of persons with disabilities
- Increase Canadian literacy rates
- Increase workplace training
Tune in next month to hear Maralyn Tassone, Executive Director for DRUHC, speak about Canada’s Labour Market Future.
- ‘People Without Jobs Jobs Without People Canada’s Labour Market Future’, Rick Miner PhD, Miner Management Consultants, 03-2010
Read Employment E-News – October 2016 – Canada’s Labour Market Future
Image provided by www.1COMMUNITY1.ca.