1st, Oct 2021

700,000 skilled Canadians will retire by 2028

The Royal Bank report shows that 700,000 skilled workers are expected to retire in Canada by 2028.

Inability to replace them may trigger a crisis of shortage of skilled workers.

For a long time, skilled workers have been regarded as "blue-collar" jobs, requiring a lot of manual labour and heavy work.

However, with appropriate health and safety standards, the median income of these types of jobs may reach between $80,000 and $100,000, or even more.

According to the report, the technical field failed to attract minorities and women to enter.

In addition, the author believes that Canada cannot bring 3,000 skilled workers through immigration every year, and only 2,365 new immigrants meet the requirements of the federal technology industry category.

#skilled_workers, #demography, #retirement, #labour_force

https://www.hilltimes.com/2021/09/14/trades-worker-shortage-getting-worse-as-politicians-promise-more-construction/316742#:~:text=More%20than%20700%2C000%20skilled%20tradespeople%20will%20retire%20by,front%20of%20West%20Block%20on%20May%2025%2C%202020.

https://financialpost.com/fp-work/canada-needs-to-address-a-skilled-worker-shortfall-set-to-squeeze-labour-market-rbc

https://thoughtleadership.rbc.com/powering-up-preparing-canadas-skilled-trades-for-a-post-pandemic-economy/

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