A new report from the Human Resources Professional Association outlines three possible futures – two not good and one good — for Canada’s economy and society in 2025.
If we do everything right, train a tech-savvy, diverse and engage workforce we’ll be the “Northern Tiger”. That’s the good future.
The “Lost Decade” will occur if Canada fails to make wise choices about education and employment. We’ll have too many unskilled people looking for jobs and too many jobs looking for qualified people.
Currently we turn out 10 education grads for every available teaching job and nearly five lawyers for every legal post. Meanwhile, Toronto alone needs close to 10,000 trained IT specialists a year and Canada only turns out 2,400 such grads annually.
“Unsustainable Prosperity” will happen if our education system fails to adapt to these new labour market realities. We have to produce post-secondary grads with market labour skills.
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