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Baby boom generation
largest birth cohort in canadian historyÂ
Drastic effects on canadian society: expansion of post secondary institutions, policies, etc
Aging and the pyramid structure of organizations
Fewer positions as you move upward, but many entry level positions
Baby boomers can experience career plateaus due to the limited positions
Younger and middle age adults compete for entry positions, and limit movement upwards
Age distribution of labour force
Teen workers have declined in the labour force
Those reaching retirement age has increased in the labour forceÂ
Age of labour force has become olderÂ
Due to the prominence of the baby boom generation and other factors
Projected impacts of aging labour force
Baby boomers have longer life expectancy and are seeking opportunities to remain in the labour force
Challenges traditional idea that retirement is an abrupt exitÂ
Baby boomers are continuing to enter retirement age, raising questions about Canadian social safety nets (ex. OAS, CPP)
Relative size of working age population supporting these systems are shrinkingÂ
Younger workers ultimately contributes to this cause more
Cost of living pushed baby boomers to work even longerÂ
Immigration and cultural diversity
Govt tailor immigration policy to suit labour market needs
~23% of Canada is composed of immigrants
Changing source countries of immigrants
China, india, pakistan, phillipines
Much smaller proportion of countries from Europe
Approximately 19% of recent immigrants in Canada are from India
Asia (including middle east) responsible for most recent immigrants
Increased visible diversity of the workforceÂ
Indigenous Canadians and diversity
Indigenous peoples are equally important for the diverse nature of Canada's labour force
5% of population (1.8million)
Indigenous pop. growing at 2x the rate of non-indigenous population
Immigrants and indigenous Canadians are younger → will make up a larger proportion of our workforce as older Canadians retireÂ
Changes in educational attainment
More women and men with postsecondary credentialsÂ
Lifelong learning and continuing learning
Continuous formal/informal learning throughout life
Employer-sponsored workplace training
Employer-sponsored workplace training
very important, almost more important, than postsecondary credentials. But, the access to this formal employer training is difficult to receive:
2016 GSS: About 42% of Canadians had access to formal training at work (paid for by employer)
Issues with underemployment
2016 GSS: 18% of Canadian workers felt overqualified for their current job
a mismatch with the education and skills they have to the requirements of their jobs. People are overqualified or underqualified
Statistics Canada found that about 18% of university-educated workers were in jobs that required a high school education or less
LABOUR FORCE PARTICIPATION (LFP)
proportion of people ages 15+ participating in labour market
labour force formula
labour force =employed + unemployedÂ
LFP rate
LFP rate = (labour force/population 15+) 100
Unemployed
no job and meets Statistics Canada’s unemployment criteria
can be classified as unemployed is that if they are available for work, and have been looking for work, but are unable to get said job
Not in labour force
neither working nor participating in the labour market
Trends in LFP in the past century have increased to 65.4% in 2018
Other 35% possibly: disabled people who can’t work, students focusing on school, retirees (GenX and BB), those in caregiving
Gender differences in LFP:
Since 1900s: Women’s rising LFP vs. men’s declining LFPÂ
In 2018, women’s LFP was 61.3%, while men’s LFP was 69.6%Â
Since 1900s till now, women’s LFP have been rising while men’s LFP have been decreasing
Life expectancy rates have changed over the years
Indigenous vs. Non-Indigenous differences in LFP
Indigenous peoples have much higher unemployment than non-Indigenous workers (8.4% to 4.8%)Â
those on and off reserves are also considered for their LFP
Canadians with disabilities are ___ likely to be in the paid labour force than Canadians without disabilitiesÂ
less likely
barriers to employment (ex. discrimination)Â
Older Canadian men vs. older Canadian womenÂ
In 2018, older men had an LFP of about 62%
More older men in LFP
Industry
Major type of economic activity occurring within a workplace
Primary sector
includes agriculture, mining, forestry, and other resource extraction industries
Secondary sector
manufacturing and constructionÂ
Goods are produced from raw materials supplied by primary sector
Tertiary sector
Services rather than products are providedÂ
Service: exchange of a commodity that has no tangible form
Industrial shifts
Growth of service sectorÂ
78.9% of employed Canadians held service-sector job in 2018
Shifted away from primary to tertiary sectors
Diversity within the service sector
Upper tier: distributive, business, education, health and welfare, public administrationÂ
Lower tier: retail trade, consumer services