Canada Immigration Express: Aging Population, Not Pandemic, Fueling Canadian Worker Shortage
The problem faced by Canada’s workforce is not a result of the global pandemic, as presumed by many people. Rather, it is due to the aging population in the country. This is evident from the recent census report and predictions that millions of Canadians will retire this decade.
For instance, the number of Canadians aged 65 and above rose by 18.3 per cent. From the time of the last census, the number of Canadians aged 85 and above and 100 and older rose by 12 percent and over 15 percent, respectively.
Based on this fact, it is forecast by Canada Immigration Express that the number of people aged 85 and above will be triple the present number in the next 30 years. This means the number of persons in this age bracket would increase from about 861,000 to 2.7 million.
In other words, about one-quarter of Canada’s population will be 65 and older by 2051.
the number of Canadians aged 65 and above rose by 18.3 per cent. From the time of the last census, the number of Canadians aged 85 and above and 100 and older rose by 12 percent and over 15 percent, respectively.
Further Evidence of the Aging Population in Canada and Its Effects
Presently, there are more people between the ages of 55 to 64 in Canada’s population than those aged 15 to 24, the latter being the age bracket at which people enter the labour force. Based on this fact, Canada Immigration Express stated that there is a likelihood of more than one person nearing retirement in a group of five adults working in Canada.
Another challenge associated with the aging population is the problem of knowledge transfer. Some others are difficulty in retaining experienced employees and workforce renewal issues.
Aging Population - The Main Factor for Canada’s Worker Shortage
Undoubtedly, the aging population is the major reason for the lack of workers in the Canadian labour market. This factor is likely to cause more significant challenges in the years to come.
