Canadian Labour Force: Baby Boom Generation

New Immigrants Dept: That's the nub of the case made by the Conference Board of Canada in a new paper that reinforces several proimmigration arguments I made in a column last week, and analyzes the potential alternatives, according to Vancouver Sun. But this labour pool is certain to be tapped out within a few years, and it'll merely defer an inevitable sharp drop in available workers when the huge baby boom generation retires at more or less the same time and canada could lessen its economic imperative to continue accepting new immigrants, but the realistic alternatives -- although worth pursuing -- won't be enough to take up the slack when baby boomers retire. "While other options for growing the Canadian labour force are available and should be pursued," it says, "immigration remains one of the most effective means of underpinning Canadian economic growth over the medium term." One of the other options -- delaying retirement for existing workers -- is already catching on, thanks largely to recession-related losses on most older Canadians' retirement savings. Many will simply have to work a few years longer to rebuild their portfolios. As reported in the news.
@t labour pool, vancouver sun