Projected labour trends will dramatically alter workforce

Economist suggests higher participation by aboriginals, women could provide growth
By Danielle Harder
|Canadian Labour Reporter|Last Updated: 09/06/2011

By 2031, the last of the baby boomers will have reached the age of 65 and the workplace will look markedly different than it does today, according to a recent report by Statistics Canada.

The report looks at current trends and made predictions about the workforce 20 years from now. While the findings are not surprising — that the labour force growth rate will slow, fewer workers will be supporting more retirees, and there will be more immigrants in the workforce — economists suggest government, employers and trade unions should be giving careful thought to the implications of these projections and how they could be altered.

After expanding at an average rate of just over four per cent a year in the past, the labour force growth rate is expected to slow to less than one per cent a year by 2031.