Labour

Labour Shortage: What Is the Effect of Regulation?

We are constantly told that there is a shortage of labour in Canada. In 2018, the economy added 163,000 full-time jobs, and the unemployment rate fell to 5.6%, a historic low that can be qualified as full employment. The participation rate for people of prime working age, 25 to 54 years, is 87%. The winds are shifting on the labour market. Employers used to have the upper hand; now, it’s workers who have it.

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