The document discusses sources of revenue and program spending at colleges and universities in Canada using statistics from Stats Canada. It also examines graduation rates and employment outcomes for graduates between 2013-2017. The author argues that governments have failed with innovation cluster programs and that post-secondary institutions should be hubs of innovation. The author provides several links to further slides on topics like job quality, GDP growth, automation, and reforming the public sector to focus on value. The summary concludes that governments need policies to strengthen key economic sectors and that youth should focus their education on current and future in-demand jobs.

1. Post-Secondary Education and
Skills Development
PaulYoung CPA CGA
October 11, 2020

2. PaulYoung - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – EmergingTechnology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
▪ Sources of Revenue – Colleges & Universities
▪ Program Expenses – Colleges & Universities
▪ Graduates by year (2013 to 2017)
▪ Employment Market – Canada (2006 to Present) vsTotal Graduate
▪ Innovation Grants / Post Secondary
▪ Government failures with Clusters
▪ Job Quality

4. Revenue Sources – Colleges and Universities
Source – Stats Canada - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3710002601

5. Program Spending / Colleges and Universities
Source – Stats Canada

6. Graduates by year
Source - Stats Canada

7. Employment vs Graduate by Program
Source – Stats Canada

8. Innovation Grants
Source – Stats Canada

9. Government failures with Clusters
https://financialpost.com/technology/liberals-supercluster-program-falling-short-of-promised-jobs-economic-growth or PBO -
https://betakit.com/supercluster-funding-74-million-behind-schedule-according-to-new-pbo-report/
I have argued for many years that all post-secondary schools should be innovation hubs as part of aligning private sector with education
as part of taking ideas from incubation to market
▪
a) Has Canada lost its way with innovation - https://www.slideshare.net/paulyoungcga/2019-election-innovation-and-rd-canada-2014-
to-2017
b) I have looked at key clusters with fisheries and oceans. The money could have flowed through existing grant programs. There was no
need to create a new entity - https://www.slideshare.net/paulyoungcga/aquaculture-fish-farming-and-harvesting-analysis (see slide
17)
c) I look at innovation over 4 years ago as part of looking at ways to best support taking ideas from incubation to market -
https://www.slideshare.net/paulyoungcga/innovation-and-research-and-development-tax-credits-canada
d) Too many people do not understand subsidies. Direct subsides are a problem, especially if the program picks and chooses winners
and losers. The best way to handle support is via the tax code - https://www.slideshare.net/paulyoungcga/subsidies-vs-taxation-
analysis-and-commentary
e) More focus needs by all level of government on policies and programs that support economic growth as well as protect the
environment - https://www.slideshare.net/paulyoungcga/getting-goods-to-market-what-needs-to-happen-by-all-levels-of-government

10. Job Quality
There is a job quality issue that was happening for the past few yrs. COVID19 will lead to leaner mgmt. as part of businesses
trying to rebound
▪ Quality https://www.slideshare.net/paulyoungcga/career-and-job-management
▪ GDP https://www.slideshare.net/paulyoungcga/canadas-gdp-july-2020
▪ Employment – September 2020 - https://www.slideshare.net/paulyoungcga/employment-september-2020-canada-labor-
market
▪ The new green social agenda will lead to even more issues with employment

11. Summary
▪ All levels of government need to start focusing on policies that will lead to stronger GDP growth in
key sectors like transportation, goods-producing, technology, and professional services -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-september-2020
▪ Automation will continue to drive change across all sectors of the economy -
https://www.slideshare.net/paulyoungcga/whats-next-for-automation-238371946
▪ Youth today need to focus their education of jobs of today and tomorrow
▪ All levels of government need to be reform to focus on value for money when it comes to delivering
program spending – https://www.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-
canada-and-around-the-world
▪ More balanced between the environment and economy -
https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy

12. 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 PaulYoung CPA
CGA)
▪ These subjects address
how to fixed issues with
housing and/or systemic
issues related to
economy including
government policies