This document provides an overview and contact information for Paul Young, a CPA and expert in various fields including academia, risk management, and public policy. It then outlines Paul's agenda which includes discussing average wages in Canada, the goods producing sector, the hospitality sector impacted by COVID-19 lockdowns, the need for education and skills training, trends around automation and reshoring of manufacturing, changes to business models due to the "new normal" of COVID-19, issues around food security, Canada as a high income country, housing affordability challenges, and provides a summary and links to additional information.

1. MIDDLE CLASS AND
CANADA
Paul Young CPA CGA
November 28, 2020

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
Contact information: paul.young@ca.ibm.com

3. AGENDA
• Above Wages vs Below Wages (Average)
• Wages / September 2020
• Goods Producing Sector (wages, employment, sales, and GDP)
• Blog – Hospitality Sector
• Blog – Education and Skills Training
• Blog – Automation / re-shoring manufacturing
• Blog – New Norm
• Blog – Food Security
• Best – High Income Country
• Blog - Affordability
• Summary

4. ABOVE AND BELOW AVERAGE WAGES

5. WAGES / SEPTEMBER

6. GOODS PRODUCING SECTOR

7. HOSPITALITY SECTOR
While Canadian employment had mounted an impressive recovery over the summer and autumn, with 378,00 job gains
in September and 78,000 in October, the next few months could see job growth suffer.
Small business owners, notably in the restaurants, food, accommodation and retail space, are expected to be hardest hit
by the second wave as many do not have the financial strength to sustain two lockdowns in less than a year.
“The second round of restrictions that began in October look set to subtract 150,000 to 200,000 from accommodation
and food service employment compared to September,” Stephen Brown, senior Canada economist at Capital Economics,
told the Financial Post. “For the whole year, if my expectations for November and December prove correct, the drop in
A&F (accommodation and food) employment will be nearer 400,000.”
Source - https://financialpost.com/executive/posthaste-accommodation-and-food-services-sector-could-see-200000-jobs-
wiped-out-amid-latest-lockdowns-economist-warns
Sales in the Food Service and Drinking Places subsector were up 1.8% in September (Stats Canada). -
https://www2.slideshare.net/paulyoungcga/hospitality-sector-canada-and-the-world

8. BLOG – EDUCATION AND SKILLS
TRAINING
Jobs of today and tomorrow will require more people to be part of (STEM) and the skills trade
Here is my work
• Nov/17 - https://www2.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-
november-2017
• Oct/20 - https://www2.slideshare.net/paulyoungcga/how-best-to-manage-skills-and-education-for-the-world
Source - https://policyoptions.irpp.org/magazines/november-
2020/how-supporting-skills-and-training-can-fuel-a-resilient-
recovery/

9. BLOG – AUTOMATION / RESHORING
Perhaps one of the most far-reaching consequences of the COVID-19 pandemic will be that it has accelerated the
conversation about the viability of the supply chains we depend on. In May, a McKinsey Global Institute survey of
supply chain executives found that a stunning 92 per cent plan to take steps to make their supply chains more resilient.
“We estimate that 16 to 26 per cent of exports, worth $2.9 trillion to $4.6 trillion in 2018, could be in play – whether
that involves reverting to domestic production, nearshoring, or new rounds of offshoring to new locations,” conclude
the authors.
Offshoring, once seen as a panacea for North American manufacturers, is rapidly losing its luster. “Compared with six
months or a year ago, many more people have realized that supply chains are too long, too complicated, and too
unreliable,” says Harry Moser, founder and president of the U.S.-based not for profit Reshoring Initiative.
https://www.canadianmanufacturing.com/features/manufacturing-automation-bringing-production-back-home-
what-it-means-for-automation/
Here is my work on manufacturing
• https://www2.slideshare.net/paulyoungcga/manufacturing-sector-canada-and-usa-september-2020 and
automation - https://www2.slideshare.net/paulyoungcga/what-is-next-for-business-and-government-automation

10. NEW NORM
• Online shopping will continue to drive changes to businesses operational model
• Capacity and other restrictions are here to stay
• Demand for clean energy raw materials, i.e. lithium, rare earths, vanadium, and cobalt will drive natural resources
projects around the world
• Automation of operational processes will drive productivity and cost reductions
• Crisis management and risk management will become more and more of the FP&A process for both the private and
public sector
Source - https://www2.slideshare.net/paulyoungcga/new-normal-for-canada-and-the-world

11. FOOD SECURITY
https://www.ctvnews.ca/world/2021-is-going-to-be-worse-than-2020-nobel-food-agency-warns-
1.5189245?taid=5fb0c3e8aa767000018d42f1&utm_campaign=trueAnthem%3A+Trending+Content&utm_mediu
m=trueAnthem&utm_source=twitter
How about instead of spreading negative news that you focus on positive news?
Here are things to fix
1. Remove the carbon tax
2. Better support to farmers to get their goods to market
3. Fixing tax fairness
Source https://www2.slideshare.net/paulyoungcga/agriculture-sector-analysis-and-commentary-october-2020

12. WORLD’S RICHEST COUNTRIES
Source - https://www.gfmag.com/global-data/economic-data/worlds-richest-and-
poorest-countries

13. REAL ESTATE AND HOUSING
• Here is my brief look at the cost of living in Canada - https://www2.slideshare.net/paulyoungcga/cost-of-living-in-
canada-october-2020
• Here is a brief look at the housing market for Canada and the USA -
https://www2.slideshare.net/paulyoungcga/housing-market-canada-and-usa-october-2020

14. SUMMARY
• The world will continue to deal with COVID19 fall out - https://www2.slideshare.net/paulyoungcga/what-is-
next-for-the-global-economy-november-2020
• More needs to be done to protect the most vulnerable - https://www2.slideshare.net/paulyoungcga/how-
best-to-management-a-pandemic-geopolitical-event-november-25-2020
• All levels of governments will need to take on reforms -
https://www2.slideshare.net/paulyoungcga/reforming-the-public-sector-federal-provincial-and-local-
government-canada
• Retail will continue to expand its’ online model - https://www2.slideshare.net/paulyoungcga/retail-sales-
australia-october-2020
• Canada’s monthly economic and fiscal scorecard - https://www2.slideshare.net/paulyoungcga/scorecard-
october-2020-and-september-2020-canada

15. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies