‘It Will Get Worse Over the Next 10 to 15 Years’: What To Expect From Canada’s Labour Market as the Workforce Ages
Dec 14, 2023, 12:51 PM
by
CTV News
In the third installment of CTV News' "Aging in Canada" series, EA's data and research help to identify implications for the country's labour market in the coming years as older workers retire and fewer young workers enter
There will likely be more Canadians leaving the workforce than entering it over the next few decades as the country’s senior population grows, according to new data from Statistics Canada. Experts say this will not only exacerbate existing labour shortages, but could result in higher wages for employees.
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