Employers can play a role in improving the future for labour
The Canadian Chamber of Commerce lists labour shortage as the number one barrier to Canadian competitiveness and the forecast is not calling for improvements over the foreseeable future. At the same time Canada is experiencing high levels of unemployment and underemployment, especially among young Canadians, as well as nearly stagnant wages over the past decade.
This apparent contradiction becomes clearer when we take a closer look at the talent market. Canada is facing a widening disparity between the skills required for the available jobs, and the skills possessed by available workers. Some industries are facing a labour shortage, where other industries have more workers than they know what to do with. In addition to this, there is also a mismatch between where the jobs are and where the available workers live.