There’s more going on in Canada’s labour market than meets the eye, write Alex Whalen and Tegan Hill. Read more
A few things are happening. Seniors, who have lower employment rates than people of working age, are a larger share of the population today than they were in 2019. Second, the growth in the employment of seniors has not kept pace with their population growth. As a result, despite a robust recovery in employment for working-age Canadians, whose employment rate has more than recovered and in fact is now at itsThis advertisement has not loaded yet, but your article continues below.
While some elements of this demographic challenge are beyond government’s control, certain policies aren’t helping. For instance, the claw back of retirement income supports, including Old Age Security , the Guaranteed Income Supplement and the Registered Retirement Savings Program ,the payments seniors receive as they earn additional income, effectively acting as a tax on — and disincentive to — work.
There’s more going on in Canada’s labour market than meets the eye. While the unemployment rate is indeed at historic lows, Canada’s aging population has helped reduce the employment rate, which has coincided with record job vacancies. Absent policy reform, as the population continues to age Canada’s labour market challenges will only get worse.Share this article in your social network
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Big Brother vibes’: Spy agency ditches job ads after mixed reviews from focus groups | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Canada's spy agency ditches job ads after mixed reviews from focus groupsCanada\u0027s cyberspy agency has changed course on proposed recruitment efforts after focus groups found job ads had a \u0022Big Brother vibe.\u0022
Read more »
Canada's spy agency ditches job ads after mixed reviews from focus groupsCanada\u0027s cyberspy agency has changed course on proposed recruitment efforts after focus groups found job ads had a \u0022Big Brother vibe.\u0022
Read more »
Study finds compensation, job flexibility are major factors in employee retentionA new survey suggests new beginnings for a large number of Canadians, leaving it up to employers to hold onto the talent they have. Twenty-four per cent of t
Read more »
Mike Layton steps down as city councillor, says isn't running for Ontario NDP top job\u0027I don’t think it’s quite time for me to take on a leadership role at another level of government,\u0027 says the son of long\u002Dtime Ontario NDP leader Jack Layton
Read more »
CRTC needs to do a better job regulating telecoms, experts sayThe recent Rogers outage has spurred a flurry of policy recommendations from experts and elected officials, including legislation that would recognize telecommunication services as essential public ones, but experts say much of the responsibility to act falls on the federal telecom regulator.
Read more »