Arab Today, arab today canada to witness labor force shortage
Last Updated : GMT 01:11:52
Arab Today, arab today
Arab Today, arab today

Canada to witness labor force shortage

Arab Today, arab today

Arab Today, arab today Canada to witness labor force shortage

Ottawa - Xinhua

The aging population in Canada might soon drag the country into a labor force shortage, concludes a report released here on Tuesday by Canadian Department of Finance. The number of working-age Canadians for every senior aged 65 and above will fall from about 5 now to 2.7 in 2030, according to the report. Unless productivity or job involvement improves, the aging population will be expected to significantly slow the country\'s economic growth and lead to labor force shortage, the report says. Canada will need to double its efforts to boost productivity \"so that workers can produce more and better goods and services and be better paid,\" and to focus on \"key drivers\" of economy, including innovation and investment. Canadians aged 55 and above, for example, are less active in the labor market than in other advanced countries, and job involvement is still a \"challenge\" for a number of groups, including aboriginals, recent immigrants, less-skilled individuals, young people and the disabled. The federal government says that it has already taken steps to address the situation, such as prohibiting most federally regulated employers from setting a mandatory retirement age and allowing the voluntary deferral of the Old Age Security Pension paid to most Canadians once they reach the age of 65. Moreover, the aging population is also expected to reduce the growth rate of government revenues and public expenditures, aggravating age-related issues such as health care and elder supporting. For instance, federal funding for health care will maintain a steady growth in the next few years, while starting in 2023 the age of Old Age Security Pension will be raised to 67 since costs associated with the program are expected to increase by more than 10 billion Canadian dollars (US$10.1 billion) over the next five years as the first baby-boomers reach retirement age. However, the financial pressure can still be eased over the long term by \"responsible expenditure management\", including capping spending on national defence and international assistance, says Ottawa.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada to witness labor force shortage Arab Today, arab today canada to witness labor force shortage

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada to witness labor force shortage Arab Today, arab today canada to witness labor force shortage

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday