General Labour Affects On The Gross Domestic Product

One of the most pressing issues faced by Canada today is unemployment. In fact, reports confirm that the jobless rate continues to increase every year. As of February this year, the unemployment rate was at 7.0%. The presence of unemployment rate is evident in various provinces. In Quebec, the number of people working declined by 26,000 in February. Alternately, the number of employed in British Columbia fell by 10,000; while Saskatchewan nearly 6,000 individuals are unable to find jobs. The Conference Board of Canada projected that the country’s labour woes could reach to more than one million workers by 2020. In addition to this, experts predict that the unemployment rate in this country will surpass that of the United States. Along with the dismal figures and projections, the problem of unemployment consequently creates numerous negative consequences on the nation’s economy, its government, and of course its people. Some of the known effects of unemployment include reduced spending power, an increase in financial cost, recession, and even crimes and violence. Individually, long-term unemployment may result to depression, loss of self-respect, and strained relationships with family and friends – ultimately causing damage to the person’s overall well-being. The adverse effects of unemployment only show that this issue imposes a significant cost both on a national and individual level. As such, it is of primary importance to create an immediate plan of action to alleviate

From the table, it is clear that the insurable earnings each year has increased over the past years, which may seem like an advantage. Although the earnings are increasing, the workers who receive the benefits are not always the ones that need it. This is because Canada’s EI eligibility for each location is not treated equally. For example, the workers in seasonal industries, mainly in Atlantic Canada, Quebec, and other rural areas generally qualify for EI. On the other hand, most workers in Ontario will not qualify for EI, regardless of losing their jobs (See fig. 4).

The unemployment rate for March 2016 is at 7.3% compared to 6.6% in 2014. With the rising unemployment rate, people looking for jobs will have a much more difficult time. People will be looking longer for jobs and will not be receiving a salary to pay for costs of living. Right now, each month the unemployment rate climbs by 0.4%. This results in a loss of 35,700 jobs per month. Chapter six of Dinner Party explains the inflation costs. We can relate this to the inflating cost of living and the rising unemployment rate. Canada needs to change quick, as 35,700 jobs lost each month is not good for people trying to support

Since most of the immigrants are skilled, Canada is able to rely on them and employ them for their most important jobs throughout the labor market, which is helping the economy grow constantly.

In this person’s article, he/she discusses some of the hardships which many immigrants, may face in Canada. This person talks about how they at first had utopic dreams about Canada: that Canada did not have any “human weaknesses” and that they would find a job and be happy, free from racial discrimination. However, in the viewpoint of the author, this is far from the reality. The author warns about the difficulties of finding a job in Canada: difficulty in communication between the immigrant and the job supplier, lack of trust with the immigrants history in their home country, the fact that many of the jobs are not advertised in places where people can access them, and racism in choosing which person should get the job. Because of this sources personal experience, he/she warns others not to come to Canada. This is the reason that this source was created is to warn other people from facing the same dangers the author did in Canada. This author ends his/her article by saying that “work” is not something you can depend on to find in Canada. The main economic issue regarding immigration that this source addresses is that it is often very hard for newly landed immigrants to get jobs for many reasons. This is a very important problem as the main reason that the immigrants are let into Canada in the first place is to find a job and help Canada's economy.

One of the big problems Canada has had recently is the recession. To reduce the effects of this catastrophe, we plan to give benefits to those most affected: the middle class. We will invest in jobs for those who lost theirs during the recession and provide benefits to

There is a growing discrepancy of wealth in Canada. “The gap between the wealthy and the poor continues to grow. Seventy percent of wealth in Canada belongs to the most affluent section of Canada's population (Mojtehedzadeh, 2014)”. Many believe that Canada is not going through such a dramatic disparity between rich and poor in comparison to other countries. However, the rich get richer, while the poor get poorer. The gap between the wealthy Canadians and the rest is constantly growing and the primary reasons are the rising unemployment rate in Canada, globalization, inequality in wages and salaries, and high education rates.

Canada’s birth rates are below replacement levels and its population is aging, causing a significant drop in labour force growth over the long term. By 2030, nearly one out of every four Canadians will be 65 years or older. Moreover,

An inflation-control target range is 1% to 3%. The Bank of Canada targets to maintain inflation at 2% which is the midpoint of inflation-control target range. (Inflation, n.d.) In Canada, the inflation rate in December 2015 is 1.6%. It is the highest inflation rate in Canada since November 2004. Based on what we have learnt, inflation is an increase in the overall price level. In December 2015, the price level of imported goods and weak oil price increase due to the consequence of lower loonie. Besides, consumers pay 3.7% more on food as the price of vegetable and fruit become higher. They also pay more on shelter cost such as home, mortgage insurance and electricity. (Golubova, A., 2016) The higher the inflation rate, the lower the currency.

Many say, however, that the poorer achievements are due to more than just lacking jobs- it is also due to the fact that many immigrants are “racialized” and aren’t fully accepted in the workplace. A lot of the government invested employment programs time go towards sculpting a better immigrant rather than fixing the systematic issues. While access to decent and well-paying jobs for immigrants is important, Canada must also place them in a position where they will excel, otherwise the countries labour burden will become much

Inflation is the sustained increase in the general level of prices for goods and services in a county, and is measured as an annual percentage change. (Investopedia) During periods of inflation, the prices of products and services will rise. There are several reasons why an economy would see a rise in inflation. Decrease in supplies, corporate deciding to charge more, and consumer confidence are some of the reasons why an economy would see the inflation rate increase. Consumer confidence is when consumers gain more confidence in spending due to a low unemployment rate and wages being stable. Decrease in supplies is when consumers are willing to pay more for a product or service is that is slowly becoming unavailable due to a decrease in supplies. Corporate decisions are when the corporations basically decide

Consideration for economic context is essential for work and learning. Companies, such as public, not for profit, privately operated/owned etc., have the ability to move unaccounted for resources across borders, attain cheap labour by outsourcing and create off-shore accounts to avoid taxes all of which impact work and learning. The Canadian economy is one derived of many variables. Employers creating workplaces by outsourcing their labour, moving resources that are unaccounted for or by creating accounts to avoid taxes are in business to have the lowest expenses and the most profit. These employers are prepared to do what it takes at whatever cost. The community in which I live consisted of several factories. These factories operated for many years employing many people in this community. Over the last 15 years most of these factories shut down and relocated to various other countries, obtaining cheap labour and new ways of distribution, leaving

The main part of the article is that inflation is rising faster than ever before. Because it is rising faster than before, and by a lot it is of great concern to Canadian citizens and requires attention.

These numbers represent 15-16% of the Canadian agricultural/agri-food industry GDP. The agriculture and agri-food industry contributes more than $100 billion annually to Canada’s GDP which is around the 8% of the total GDP. According to Dairy farmers of Canada (2012), the Canadian Dairy Industry directly and indirectly generated around 215.000 jobs in 2011.

     Besides a relatively non-competitive business environment, Canada?s labour force also lacks the competitive mindset. Structural employment remains high, which is partly due to the existence of social assistance and unemployment insurance systems. Work incentives are low under the protection of the employment insurance program, which indirectly contributes in a higher than the desirable unemployment rate. Furthermore, unions and other similar groups do not promote many incentives for workers to stay competitive in the workplace by continuously learning and improving productivity. Countries that have been most successful in cutting unemployment are those that have improved