Paul Young provides an overview of the Canadian employment market in August 2020. He discusses job recovery trends compared to February 2020 levels and above average wage employment. Youth employment faces challenges such as high student debt and job quality issues. The transition from CERB to EI will require retraining programs. Going forward, the focus should be on infrastructure, skills training, competitiveness and an economic reset geared towards growth rather than redistribution of funds. Automation will play a larger role in the labor market and all levels of government need reform policies around taxation and social programs.

1. P A U L Y O U N G C P A C G A
S E P T E M B E R 4 , 2 0 2 0
EMPLOYMENT MARKET – CANADA -
AUGUST 2020

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• SME – Emerging Technology
• SME – Cloud-based solutions
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
• Employment by Sector – August 2020
• Job Recovery
• Employment Above Average Wages – (based June 2020 Wages)
• Youth Employment
• CERB and EI Changes
• Education / Skills
• Automation / Employment
• Great Economic Reset
• What’s next

4. Wages / Above Average Wages

5. Job Recovery – February 2020 vs August 2020

6. Youth Employment
• There are many issues facing youth today
• High student debt
• Job quality issues
• Affordability
• The economic re-set needs policies should include skills and training -
https://www.slideshare.net/paulyoungcga/canada-and-youth-employment-and-skills-development

7. Above Average Wage Employment by Period

8. Blog – EI and CERB Changes
• https://www.canadianmanufacturing.com/financing/as-cerb-winds-down-labour-group-asks-liberals-to-
rethink-ei-258526/
• CERB and EI programs were design to provide support to people that has lost their jobs. These programs
were never designed to be guarantee income
@DeenaLadd - The focus should be on mitigating the risk of COVID while growing the economy
https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020

9. The Great resethttps://nationalpost.com/opinion/john-ivison-trudeaus-literally-frightening-spending-plan-has-some-liberals-bureaucrats-very-worried
• “The concerns are not just with the size of the spending package being considered but with the nature of it. Senior business Liberals, who
advocated deficit spending in 2015, say the focus should now be on economic growth, rather than the redistribution of borrowed money.
The lack of focus on growth is problematic,” said Robert Asselin, a senior vice-president at the Business Council of Canada, who was
previously an advisor to prime ministers Paul Martin and Trudeau. The new emergency benefit (CRB) of $400 a week will replace the CERB
at the end of this month and will cost $22 billion over the next year. However, the Liberals have not ruled out the change being made
permanent – effectively creating a guaranteed basic income.
• The focus should be on the following areas
• Infrastructure
• Getting goods to market
• Skill training (preparing for jobs of today and tomorrow
• Government reform (tax fairness and delivering program spending with value for money
• Affordable housing
• Competitiveness (streamlining regulations, tax code changes, and fair investment and trade deals.
• Sources - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-new-cpc-leader-and-the-cpc-policies and
https://www.slideshare.net/paulyoungcga/how-to-address-issues-facing-getting-goods-to-market
Fiscal Stimulus - https://financialpost.com/diane-francis/diane-francis-canadas-pandemic-response-is-a-fiscal-mess
• “Canada’s COVID-19 stimulus package is dramatically higher than what other countries have spent because funding has been distributed
with a fire hose, rather than targeted at those in need. As of July, Canada had handed out the equivalent of 15 per cent of its GDP,
compared to 10.6 per cent in Australia, five per cent in France, 8.9 per cent in Germany and 4.9 per cent in Italy.”
• This is not a surprised as Liberals have ignored many reports from PBO, private sector, and Auditor General -
https://www.slideshare.net/paulyoungcga/fiscal-management-canada-defict-and-debt

10. Blog – Education and Skills
https://www.slideshare.net/paulyoungcga/human-
capital-management-skills-and-education
Post Covid19 likely will see a different labor
market. Automation likely will take the forefront.
The focus of @StevenDelDuca was about
expanding Universities without truly looking at
what skills were required for today and tomorrow!

11. Automation / Employment
Automation will play a bigger role in terms of productivity, efficiency, and effectiveness in terms of operational
models - https://www.slideshare.net/paulyoungcga/whats-next-for-automation-private-and-public-sector
Why has @CQualtro said little about automation in terms of the economic recovery? Could it be Minister of
Employment will be pushing guarantee income? https://www.slideshare.net/paulyoungcga/policy-analysis-
guarantee-income

12. What’s next?
• More and more businesses will restructure their operation based on the new
business normal - https://www.cbc.ca/news/business/ccaa-insolvency-bankruptcy-
1.5673566
• All levels of government need to focus on mitigating COVID19 risk as well as opening
the economy - https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020
• All levels of government need to focus on reforming their taxation and social policies
- https://www.slideshare.net/paulyoungcga/public-sector-how-to-reform-all-levels-
of-government
• Moving people off CERB to EI will require both existing and new training programs -
https://www.slideshare.net/paulyoungcga/policy-review-unemployment-insurance-
canada and https://www.slideshare.net/paulyoungcga/automation-and-human-
capital-management-human-resources