Tag: "Jock Finlayson"

Navigating the Coming Sea Change: Searching for Economic Growth Amid Population Aging

Looking ahead, workforce exits are projected to significantly outpace new entrants. For Canada, this represents a sea change in the evolution of the job market.

A Tale of Two Economies: Leveraging Regional Immigration to Enhance Growth

Two factors will largely determine the future trajectory of economic growth in British Columbia: productivity performance, and the extent to which the labour force expands over time.

Welcome to the “Gig Economy”

The rise of the “gig” or “sharing” economy is one of the most consequential trends shaping the contemporary labour market. “Gig” jobs are an example of what economists describe as “contingent” work. Such work can be contrasted with a traditional job, in which a person has a durable and structured employment relationship with a specific employer that maintains a permanent (or long-term) workforce.

Coming (and Going) Careers in the Second Machine Age?

The world of work is being transformed as we enter a new phase of the “age of the machine.” With disruptive technologies pushing the frontiers of automation, some of the comparative advantages humans have traditionally enjoyed relative to technology are eroding.

Economic Diversity Drives B.C. Resilience

Amid a weak global economy and an extended downturn in many commodity markets, the B.C. economy has held up surprisingly well. Two decades ago, a worldwide mining/energy slump would have delivered a punishing blow to the province. No longer.

Opportunity Indicator Ranking Targets 2024 Occupations

In overall terms, the largest numbers of job openings will occur in sales and service occupations; business, finance-related and administrative occupations; and management positions. In fact, these three categories alone will account for more than half of all job openings in the coming decade. Significant labour demand is also expected in trades and transportation occupations, representing 14 per cent of all projected job openings.

Labour Demand and Supply in Canada: The Big Picture?

Concerns over skilled and more general labour shortages continue to be voiced by employer organizations across the country. The Canadian Federation of Independent Business, the Canadian Chamber of Commerce, and the Conference Board have all pointed to shortfalls in the supply of qualified workers as a priority policy issue and a significant impediment to business growth. Such sentiments are widespread in business circles, including here in British Columbia.

Planning Ahead for Future Shortfalls?

Most people are aware that the population in Canada and other western countries is aging, that longevity is increasing, and that the front-end of the large Baby Boomer generation has started to retire. Fertility rates have also fallen, which means the future supply of workers will be under additional downward pressure even as the ranks of seniors swell. But how quickly will our population grow, and age, in the next 20 years? Will employers soon face a dramatic shortfall of working-age British Columbians?