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There is a looming labour market shortfall in Canada as the aging population advances towards retirement, signifying a decline in the proportion of population in the prime working years (15 to 64). At the same time labour market requirements are also changing. With the emergence of a knowledge economy, the proportion of labour force requiring some form of education or training beyond high school will increase dramatically. The likelihood is there will be large numbers of unskilled workers looking for jobs that require skills they do not possess, and a large number of jobs that will go unfilled. This report discusses the intersection of these two mega-trends and strategic, pro-active policies that could be adopted to encourage a better outcome.

Edited excerpts from publication. Show less

There is a looming labour market shortfall in Canada as the aging population advances towards retirement, signifying a decline in the proportion of population in the prime working years (15 to 64). At the same time labour market requirements are also changing. With the emergence of a knowledge economy, the proportion of labour force requiring some form of education or training beyond high school will increase dramatically. The likelihood is there will be large numbers of unskilled workers looking for jobs that require skills they do not possess, and a large number of jobs that will go unfilled. This report discusses the intersection of these two mega-trends and strategic, pro-active policies that could be adopted to encourage a better outcome.

Edited excerpts from publication. Show less