The Hill Times
Canada has a youth unemployment problem, and no one is talking about it. The unemployment rate of young people is the highest it’s been in a decade, excluding the pandemic years. At the same time, the number of young people who are not working, not in school, nor in training has reached 850,000. Involuntary part-time employment among young people is on the rise. Something is wrong. Our country is not working for its young people. So, what’s going on? The youth unemployment crisis is complex.
Whether or not we realize it, we are creating a less competitive Canada with a workforce that is as unskilled as it is inexperienced, and leaving them to shoulder the burden of powering our economy and supporting our ageing population. Any economist will tell you that’s bad news. A Deloitte report, commissioned by The King’s Trust Canada, showed that even modest action on youth unemployment would result in an estimated $18.5-billion added to our GDP by 2034.
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