Green Collar Jobs is the latest report in RBC Economics and Thought Leadership’s climate series, building from the team’s flagship report, The $2 Trillion Transition, which was launched in October 2021. This climate series is designed to inform and inspire Canadian prosperity, while advancing RBC’s ongoing commitment to speak up for smart climate solutions, a … Continue reading
A new study that compares average incomes in Ontario, Quebec and eight American states in the Great Lakes region finds that in 2020, Ontario’s GDP per person trailed neighbouring Michigan by over $6,000, and in fact, Ontario lags the regional average GDP per person by $19,219 or 32.7 per cent. By global standards, Ontario is … Continue reading
Research into the transformative potential of the digital revolution tends to take a quantitative approach in an attempt to monitor changes in employment levels due to digitalisation. The fear of potential job losses and negative disruption brought about by digital technologies has permeated the policy debate on digitalisation. In contrast, this report, based on case … Continue reading
The [Coronavirus Disease 2019] COVID-19 pandemic closed or limited many economic activities in 2020, with far-reaching impacts on the labour market. Employment losses at the outset of the pandemic were sharper than those experienced during the global financial crisis. Even greater declines in hours worked arose as a result of the widespread state-supported furloughing of … Continue reading
Canada’s number of seniors care workers, relative to the senior population receiving care, is well-below the international average. In Canada, as in many other countries, the growth in the number of nurses and personal support workers providing institutional, residential, home and community care has not kept pace with the growth of the senior population. The … Continue reading
With the unprecedented number of resignations across the country and the surging interest we’ve seen in short-term reskilling opportunities, Cengage wanted to learn more about the Great Resignation—who are these “resigners,” as we refer to them in this report, and why are they quitting their jobs? What opportunities are they exploring next, how will they … Continue reading
The profound change sweeping through the world of work involves four major drivers: technological innovation, demographic shifts, climate change and globalization. It poses serious challenges, but also opens new opportunities for social dialogue and the role of the social partners, together with public authorities, in the governance of the world of work. While social dialogue … Continue reading
‘Microcredentials are not objectives in themselves. They are tools.’ This was the key message highlighted at Cedefop’s conference on microcredentials last November. Over 200 participants joined the event, representing 40 countries in Europe and beyond, demonstrating that the topic of microcredentials and changing qualification landscapes is of global appeal and concern. WHY ARE MICROCREDENTIALS IMPORTANT? … Continue reading
The International Labour Organization (ILO) has downgraded its forecast for labour market recovery in 2022, projecting a deficit in hours worked globally equivalent to 52 million full-time jobs, relative to the fourth quarter of 2019. The previous full-year estimate in May 2021 projected a deficit of 26 million full-time equivalent jobs. While this latest projection … Continue reading
This paper updates the long-term scenarios to 2060 last published in July 2018, with a special focus on fiscal sustainability and risks. In a baseline economic and fiscal scenario, trend real GDP growth for the OECD + G20 area declines from around 3% post-COVID to 1½ per cent in 2060, mainly due to a deceleration … Continue reading
If Canada was to rely solely on immigration to address the impending labour force shortage, it would need to settle 2.85 million new Canadians immediately in order to return to the 2019 OAD ratio. And arrivals would need, on average, to exceed 1.7 million people annually over the next decade to maintain that OAD ratio. … Continue reading
The COVID-19 pandemic closed or limited many economic activities in 2020, with far-reaching impacts on the labour market. Employment losses at the outset of the pandemic were sharper than those experienced during the global financial crisis. Even greater declines in hours worked arose as a result of the widespread state-supported furloughing of workers. The physical … Continue reading
Automation, digital innovation, globalization and demographic shifts have been reshaping the labor market, leading to some long-term structural changes and redefining the skills required to maintain a productive workforce – a trend that has been amplified by the effects of the COVID-19 pandemic. Our study shows Canada still stands below the top-performing countries in skills … Continue reading
Because there is no explicit general definition of a high-skilled versus low-skilled worker, such categorizations are often arbitrary and sometimes even contradictory. To increase the overall complexity of their economies, and thus boost growth, high-income countries need a much broader variety of abilities than the traditional low- and high-skill dichotomy, which is solely based on … Continue reading
The Accenture Future of Work Study 2021 explored what people need to be healthy and productive as we enter a new era of work. A majority of workers (83%) prefer a hybrid work model, but a variety of factors influence their ability to thrive, whether they’re onsite or off. Responsible leaders must move beyond physical … Continue reading