Plans to fix B.C.’s labour shortage are in good – but not bold enough: economist
Everybody needs to roll up their sleeves to fix British Columbia’s serious labour shortages.
“In the end, B.C. needs to be a ‘talent magnet’ as immigrants and newcomers from other provinces and countries will be needed to fill these gap.”“The reality is that we need to raise our labour participation rate and maximize employment in all categories because the unemployment rate is low for Canada and for B.C.,” Cotton said. Canada and B.C.’s labour participation rate was 64.9 per cent in December 2022, almost 10 per cent behind the labour rates in the European Union.
Consider immigration. B.C. competes against the rest of the world for talent. While B.C. is a highly desirable place to live and work, it needs to provide services that help newcomers find jobs by recognizing their credentials and feel generally welcome, Cotton said.B.C. needs to fill more than 1 million jobs within 10 years: report
Unions also play a role. B.C. has a large unionized population and needs to learn from other countries like Germany where cooperation between employers, government and unions is more common.
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