Labour Shortage: Slow Economic Growth

Fertility Rates Dept: But the demographic reality is that as early as 2016, by some estimates, more people will be leaving the labour force than entering it. Since 2001, the number of people 65 years and older has increased by 11.5 per cent, while the number under 15 has declined by 2.5 per cent. By 2031, 25 per cent of Canada's population will be over 65, according to Vancouver Sun. In British Columbia, labour demand is expected to grow by approximately 80,000 more than labour supply by 2019, according to the provincial government's Labour Market Outlook 2009-2019. Contractors maintaining the power grid and building new lines, for example, are looking for 200 to 300 skilled workers they think they'll need to complete projects on the books for 2014. And a recent report, British Columbia's Green Economy: Securing the Workforce of Tomorrow, warned that the province will face a shortage of 65,000 environmental workers by 2020 and with the Canadian unemployment rate at 7.6 per cent and forecasts of slow economic growth ahead, perhaps the last thing on anyone's mind is a labour shortage. Indeed, the focus of governments at all levels has been creating jobs, not finding people to fill them. Many analysts argue that neither an increase in fertility rates nor higher levels of immigration will dramatically alter the outcome. The population is aging and there's not much we can do about it. As reported in the news.
@t canadian unemployment, labour demand