Media reports often paint a dire picture of technological change and automation, spawning a future world of massive job loss and less employment. And yet, a labour shortage — not a glut due to mass unemployment — looms in Canada thanks to retiring baby boomers and our aging population.
The situation is the same in Canada. Between 1851 and 2017 — an era marked by rapid technological change — our population grew from 2.4 million to 35.2 million, a 15-fold increase, while the Canadian labour force grew from an estimated 762,000 people to 19.7 million people, a 26-fold increase. And according to employment data, from 1891 to 2017, the number of employed people in Canada grew from 1.6 million to 18.4 million, a 12-fold increase, while the labour force grew — from 1.
In 2016, people aged 55 and over accounted for 36 per cent of Canada’s working-age population — the highest percentage since 1976, the first year of comparable data — with this proportion expected to reach 40 per cent by 2026. Yet this demographic will eventually retire, opening up large areas of employment to the smaller age cohorts behind.
The jobs that they have will be irrelevant anyway.
This is great news for every aspiring COBOL programmer and telephone operator.
Sheer idiocy. The finance, insurance and manufacturing jobs Boomer's occupied are exactly the ones being cut and never replaced.
Been hearing THAT for 20 years.
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