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Wages and Job Vacancies
(Job Quality) – Canada –
December 2021 and
January 2022
Paul Young CPA CGA
March 29, 2022
Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• 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
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
Agenda
• Employment Analysis
• Job Vacancies vs Employment
• Above Average Wage
• Youth Unemployment
• Competitiveness
• Skills gaps
• Career Management
• Automation
• Immigration
• Path forward for Canada
Employment Analysis – Public vs Private Sector
Source –Stats Canada
Job Vacancies
Wages Hours and
Job Vacancies - Canada - January 2022.pdf
Employment Analysis –
• Source – Stats Canada
Employment Analysis –
Source – Stats Canada
Canada Youth Unemployment
Source - https://tradingeconomics.com/canada/youth-unemployment-rate
Competitiveness
• Corporate taxation needs to be competitive and they are now. If Singh was serious about tax reform, then he would go after
tax havens and reform the code. https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
• Singh goal of raising corporate tax rates by 50% is the wrong approach. Source -
https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-government-policy or
https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
Source - https://www.nationalobserver.com/2020/11/04/news/ndp-
wealth-tax-pandemic-%20economic-recovery-Singh-Jagmeet
CERB and EI
• Wage – subsidy extended until September 25, 2021 -
https://www.mltaikins.com/taxation/federal-
government-announces-covid-19-wage-subsidy/
• EI sickness - https://ipolitics.ca/2021/05/26/ei-
extension-would-cost-over-2-billion-benefit-150000-
claimants/
• EI Measures - https://www.cbc.ca/news/canada/prince-
edward-island/employment-insurance-pandemic-griffin-
1.6036708
Skills Gaps
• Cybersecurity -
https://www.itworldcanada.com/sponsored/is-
your-organization-ready-to-tackle-the-cyber-skills-
gap
• 8/10 Canadian Manufacturers -
https://www.bnnbloomberg.ca/eight-in-10-
canadian-manufacturers-face-skills-shortage-
report-1.1530327
• Costly changes to EI and training programs -
https://www.collegesinstitutes.ca/news-
centre/news-release/how-supporting-skills-and-
training-can-fuel-a-resilient-recovery/
• Here is my work on skills development -
https://www2.slideshare.net/paulyoungcga/h
uman-capital-management-skills-development-
analysis-and-commentary
Career
Management
The provinces and federal government need to re-
think their job training strategy including better
targeting educational support as part of re-aligning
the workforce to jobs of today and tomorrow
Here is my work on career management for both Canada
and the United States
https://www2.slideshare.net/paulyoungcga/2021-and-
beyond-career-management-canada-and-the-united-states-
november-2020
Automation
Despite strong hiring since the middle of last year, the U.S. economy is still 5.3 million jobs short of what it had in February
2020. And Lydia Boussour, lead U.S. economist at Oxford Economics, calculated last month that 40% of the missing jobs are
vulnerable to automation, especially those in food preparation, retail sales and manufacturing.
https://www.canadianmanufacturing.com/manufacturing/do-we-need-humans-for-that-job-automation-booms-after-covid-
19-272936/
My work on Automation:
https://www.forbes.com/sites/forbescommunicationscouncil/2021/07/29/redefining-the-customer-experience-for-the-digital-
age/?sh=65deb38a430d
This ties nicely to my work on automation - https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
Immigration and Job Vacancies
Canada labor market continues to face many challenges. There are nearly 600K job vacancies. Many of job vacancies are in
sectors that pay less than the average wage - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410032501
The focus of all levels of government should be on the goods-producing sector and value-added jobs in areas like
healthcare, education, IT, professional services, banking/insurance, etc. -
https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-july-2021-250056903
Many low-paying jobs are also in a precarious position as they are more vulnerable to automation -
https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
If Canada could grow exports by 10-20% that would help support good-paying job. For each $1B of exports there is 5,500
jobs - https://www.slideshare.net/paulyoungcga/merchandise-tradecanada-july-2021
All levels of government need to move to digital model as part or reducing their cost to serve. The focus should be on
using technology as part of risk and crisis mitigation -
Here is a brief look at immigration and issues facing immigration not just in Canada but around the world!
https://www.slideshare.net/paulyoungcga/immigration-canada-what-is-next
Path forward for Canada
• Nearly 30% of Canada’s GDP is tied to goods-producing sector. More work needs to
be done by all levels government to address competitiveness including
elimination of progressive taxes like carbon taxes or streamlining regulations or
revamping policies that would support more innovation or addressing issues with
productivity.
• 45% of the job vacancies pay less than the average wage. Household costs
continue to rise due to many factors including supply chain, carbon taxes, and
other areas of government policies. All levels of government need to start
addressing the cost of living.
• Canada needs to do more to promote capital inflow, especially in areas of
Information Technology, goods-producing sector, circular economy, and the
construction sector
• Here is my work - https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-250124979
California and Automation
A new law in California aims at strictly regulating employer-imposed work quotas on warehouse and distribution center
workers in that state. The new law, called AB 701, will go into effect on Jan. 1, 2022.
“We cannot allow corporations to put profit over people,” said Gov. Gavin Newsom (D), when he signed the bill on Sept.
22. “The hardworking warehouse employees who have helped sustain us during these unprecedented times should not
have to risk injury or face punishment as a result of exploitative quotas that violate basic health and safety.”
Legislators and labor union advocates made it clear that a major reason for the new law is to take aim at retail giants
Amazon and Walmart, who they accuse of exploiting their nonunion workforce. But the law’s impact will be felt far beyond
those two companies.
https://www.mhlnews.com/labor-management/article/21176489/california-restricts-warehouse-work-
quotas?utm_source=IY%20IW%20QM%20News&utm_medium=email&utm_campaign=CPS210924079&o_eid=7930I4506
489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
Additional Links:
https://www.forbes.com/sites/forbescommunicationscouncil/2021/07/29/redefining-the-customer-experience-
for-the-digital-age/?sh=65deb38a430d
Summary
• The focus on all level of government should be on policies that will encourage FDI and innovation -
https://www2.slideshare.net/paulyoungcga/2019-election-innovation-and-rd-canada-2014-to-2017
• More focus on tax policies in areas of environment including CCA as part of capital investment in areas
like waste management or CO2 recapturing or energy production or other areas -
https://www2.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy
• Re-thinking the green reset to ensure there is more balance between environmental/climate change
policy and supporting economic growth - https://www2.slideshare.net/paulyoungcga/natural-resources-
canada-how-best-to-get-goods-to-market or https://www2.slideshare.net/paulyoungcga/getting-goods-
to-market-what-needs-to-happen-by-all-levels-of-government
• Technology will drive automation and changes on how the public sector and private sector will operate in
the new normal for both the Canada and the World Economy -
https://www2.slideshare.net/paulyoungcga/policy-analysis-business-startups-enterpeneurs-canada-and-
the-world
• Look at better ways to manage the power grid including solutions that are viable without direct
government grants - https://www2.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-
world
• Fixing the systemic issues facing getting goods to market, i.e. over regulation, tax reform, carbon tax,
etc. - https://www2.slideshare.net/paulyoungcga/how-to-reshore-supply-chains
• Reforming the size of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public-
sector-for-canada-all-levels-of-government
Blog – Job Vacancies and Job Quality – Canada – March 2022
Inflation Monitor for
March 28.pdf
Finding workers is
only part of the equation - On-Site Magazine.pdf
Construction
segment demand to continue through 2027 - On-Site Magazine.pdf
5 of 10 jobs with
highest vacancy rates in Canada pay less than $20_hour – Victoria News.pdf
Forrester Predicts
Net Loss of 1.42 Million US Jobs to Automation by 2032 TechNewsWorld.pdf
Sanofi CEO turns to
'cobots' and AI to zap manufacturing costs Fierce Pharma.pdf
Biden Proposes
'Better Support' for Student-Loan Borrowers Without Debt Forgiveness.pdf
The top careers in
2022 and how to get into them - FutureLearn.pdf
3 Charts to Help You
Monitor Stagflation The Motley Fool.pdf
Why a global
approach to corporate taxation makes sense - Prince Albert Daily Herald.pdf
BoC and Fed Interest
Rate Forecast Update Faster and Higher.pdf
Wages Hours and
Job Vacancies - Canada - January 2022.pdf
Summary
5 of 10 job vacancies pay less than the average wage.
Education continues to do a poor job aligning with jobs of today and tomorrow.
More and more organizations are turning to automation as part of managing their costs.
All levels of government need to reform their operational model including labor costs, risk and crisis
management.
High inflation is here to stay!
1. Skills gap - https://www.on-sitemag.com/features/finding-workers-is-only-part-of-the-equation/
2. Construction - https://www.on-sitemag.com/construction/construction-segment-demand-to-
continue-through-2027/1003976615/
3. Job quality - https://www.vicnews.com/news/5-of-10-jobs-with-highest-vacancy-rates-in-
canada-pay-less-than-20-hour/
4. Job losses / automation - https://www.technewsworld.com/story/forrester-predicts-net-loss-of-
1-42-million-us-jobs-to-automation-by-2032-87461.html
5. Robots and manufacturing - https://www.fiercepharma.com/manufacturing/sanofi-ceo-turns-
to-cobots-and-ai-to-shave-manufacturing-costs
6. Student debt - https://www.businessinsider.com/biden-budget-proposal-help-student-loan-
borrowers-without-debt-forgiveness-2022-3 and
https://www.forbes.com/sites/zackfriedman/2022/03/28/biden-drops-student-loan-
cancellation-from-presidents-budget/?sh=62cc33202111
7. Innovation spending - https://www.fiercebiotech.com/biotech/biden-puts-r-d-investment-at-
heart-2t-spending-plan
8. Top careers - https://www.futurelearn.com/info/blog/top-careers-and-how-to-land-them
9. Stagflation and wages - https://www.fool.com/investing/2022/03/23/3-charts-to-watch-for-
stagflation/
10. Near-shoring - https://paherald.sk.ca/why-a-global-approach-to-corporate-taxation-makes-
sense/
Other Sources
• 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.udem
y.com/ (search Paul
Young CPA CGA

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Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 2022.pptx

  • 1. Wages and Job Vacancies (Job Quality) – Canada – December 2021 and January 2022 Paul Young CPA CGA March 29, 2022
  • 2. Paul Young - Bio • CPA, CGA (1996) • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Customer Success Management • 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 • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa Youtube - https://www.youtube.com/user/youngercga1968/videos
  • 3. Agenda • Employment Analysis • Job Vacancies vs Employment • Above Average Wage • Youth Unemployment • Competitiveness • Skills gaps • Career Management • Automation • Immigration • Path forward for Canada
  • 4. Employment Analysis – Public vs Private Sector Source –Stats Canada
  • 5. Job Vacancies Wages Hours and Job Vacancies - Canada - January 2022.pdf
  • 6. Employment Analysis – • Source – Stats Canada
  • 8. Canada Youth Unemployment Source - https://tradingeconomics.com/canada/youth-unemployment-rate
  • 9. Competitiveness • Corporate taxation needs to be competitive and they are now. If Singh was serious about tax reform, then he would go after tax havens and reform the code. https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens • Singh goal of raising corporate tax rates by 50% is the wrong approach. Source - https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-government-policy or https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens Source - https://www.nationalobserver.com/2020/11/04/news/ndp- wealth-tax-pandemic-%20economic-recovery-Singh-Jagmeet
  • 10. CERB and EI • Wage – subsidy extended until September 25, 2021 - https://www.mltaikins.com/taxation/federal- government-announces-covid-19-wage-subsidy/ • EI sickness - https://ipolitics.ca/2021/05/26/ei- extension-would-cost-over-2-billion-benefit-150000- claimants/ • EI Measures - https://www.cbc.ca/news/canada/prince- edward-island/employment-insurance-pandemic-griffin- 1.6036708
  • 11. Skills Gaps • Cybersecurity - https://www.itworldcanada.com/sponsored/is- your-organization-ready-to-tackle-the-cyber-skills- gap • 8/10 Canadian Manufacturers - https://www.bnnbloomberg.ca/eight-in-10- canadian-manufacturers-face-skills-shortage- report-1.1530327 • Costly changes to EI and training programs - https://www.collegesinstitutes.ca/news- centre/news-release/how-supporting-skills-and- training-can-fuel-a-resilient-recovery/ • Here is my work on skills development - https://www2.slideshare.net/paulyoungcga/h uman-capital-management-skills-development- analysis-and-commentary
  • 12. Career Management The provinces and federal government need to re- think their job training strategy including better targeting educational support as part of re-aligning the workforce to jobs of today and tomorrow Here is my work on career management for both Canada and the United States https://www2.slideshare.net/paulyoungcga/2021-and- beyond-career-management-canada-and-the-united-states- november-2020
  • 13. Automation Despite strong hiring since the middle of last year, the U.S. economy is still 5.3 million jobs short of what it had in February 2020. And Lydia Boussour, lead U.S. economist at Oxford Economics, calculated last month that 40% of the missing jobs are vulnerable to automation, especially those in food preparation, retail sales and manufacturing. https://www.canadianmanufacturing.com/manufacturing/do-we-need-humans-for-that-job-automation-booms-after-covid- 19-272936/ My work on Automation: https://www.forbes.com/sites/forbescommunicationscouncil/2021/07/29/redefining-the-customer-experience-for-the-digital- age/?sh=65deb38a430d This ties nicely to my work on automation - https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
  • 14. Immigration and Job Vacancies Canada labor market continues to face many challenges. There are nearly 600K job vacancies. Many of job vacancies are in sectors that pay less than the average wage - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410032501 The focus of all levels of government should be on the goods-producing sector and value-added jobs in areas like healthcare, education, IT, professional services, banking/insurance, etc. - https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-july-2021-250056903 Many low-paying jobs are also in a precarious position as they are more vulnerable to automation - https://www.slideshare.net/paulyoungcga/what-is-next-for-automation If Canada could grow exports by 10-20% that would help support good-paying job. For each $1B of exports there is 5,500 jobs - https://www.slideshare.net/paulyoungcga/merchandise-tradecanada-july-2021 All levels of government need to move to digital model as part or reducing their cost to serve. The focus should be on using technology as part of risk and crisis mitigation - Here is a brief look at immigration and issues facing immigration not just in Canada but around the world! https://www.slideshare.net/paulyoungcga/immigration-canada-what-is-next
  • 15. Path forward for Canada • Nearly 30% of Canada’s GDP is tied to goods-producing sector. More work needs to be done by all levels government to address competitiveness including elimination of progressive taxes like carbon taxes or streamlining regulations or revamping policies that would support more innovation or addressing issues with productivity. • 45% of the job vacancies pay less than the average wage. Household costs continue to rise due to many factors including supply chain, carbon taxes, and other areas of government policies. All levels of government need to start addressing the cost of living. • Canada needs to do more to promote capital inflow, especially in areas of Information Technology, goods-producing sector, circular economy, and the construction sector • Here is my work - https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-250124979
  • 16. California and Automation A new law in California aims at strictly regulating employer-imposed work quotas on warehouse and distribution center workers in that state. The new law, called AB 701, will go into effect on Jan. 1, 2022. “We cannot allow corporations to put profit over people,” said Gov. Gavin Newsom (D), when he signed the bill on Sept. 22. “The hardworking warehouse employees who have helped sustain us during these unprecedented times should not have to risk injury or face punishment as a result of exploitative quotas that violate basic health and safety.” Legislators and labor union advocates made it clear that a major reason for the new law is to take aim at retail giants Amazon and Walmart, who they accuse of exploiting their nonunion workforce. But the law’s impact will be felt far beyond those two companies. https://www.mhlnews.com/labor-management/article/21176489/california-restricts-warehouse-work- quotas?utm_source=IY%20IW%20QM%20News&utm_medium=email&utm_campaign=CPS210924079&o_eid=7930I4506 489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B Additional Links: https://www.forbes.com/sites/forbescommunicationscouncil/2021/07/29/redefining-the-customer-experience- for-the-digital-age/?sh=65deb38a430d
  • 17. Summary • The focus on all level of government should be on policies that will encourage FDI and innovation - https://www2.slideshare.net/paulyoungcga/2019-election-innovation-and-rd-canada-2014-to-2017 • More focus on tax policies in areas of environment including CCA as part of capital investment in areas like waste management or CO2 recapturing or energy production or other areas - https://www2.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy • Re-thinking the green reset to ensure there is more balance between environmental/climate change policy and supporting economic growth - https://www2.slideshare.net/paulyoungcga/natural-resources- canada-how-best-to-get-goods-to-market or https://www2.slideshare.net/paulyoungcga/getting-goods- to-market-what-needs-to-happen-by-all-levels-of-government • Technology will drive automation and changes on how the public sector and private sector will operate in the new normal for both the Canada and the World Economy - https://www2.slideshare.net/paulyoungcga/policy-analysis-business-startups-enterpeneurs-canada-and- the-world • Look at better ways to manage the power grid including solutions that are viable without direct government grants - https://www2.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the- world • Fixing the systemic issues facing getting goods to market, i.e. over regulation, tax reform, carbon tax, etc. - https://www2.slideshare.net/paulyoungcga/how-to-reshore-supply-chains • Reforming the size of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public- sector-for-canada-all-levels-of-government Blog – Job Vacancies and Job Quality – Canada – March 2022 Inflation Monitor for March 28.pdf Finding workers is only part of the equation - On-Site Magazine.pdf Construction segment demand to continue through 2027 - On-Site Magazine.pdf 5 of 10 jobs with highest vacancy rates in Canada pay less than $20_hour – Victoria News.pdf Forrester Predicts Net Loss of 1.42 Million US Jobs to Automation by 2032 TechNewsWorld.pdf Sanofi CEO turns to 'cobots' and AI to zap manufacturing costs Fierce Pharma.pdf Biden Proposes 'Better Support' for Student-Loan Borrowers Without Debt Forgiveness.pdf The top careers in 2022 and how to get into them - FutureLearn.pdf 3 Charts to Help You Monitor Stagflation The Motley Fool.pdf Why a global approach to corporate taxation makes sense - Prince Albert Daily Herald.pdf BoC and Fed Interest Rate Forecast Update Faster and Higher.pdf Wages Hours and Job Vacancies - Canada - January 2022.pdf Summary 5 of 10 job vacancies pay less than the average wage. Education continues to do a poor job aligning with jobs of today and tomorrow. More and more organizations are turning to automation as part of managing their costs. All levels of government need to reform their operational model including labor costs, risk and crisis management. High inflation is here to stay! 1. Skills gap - https://www.on-sitemag.com/features/finding-workers-is-only-part-of-the-equation/ 2. Construction - https://www.on-sitemag.com/construction/construction-segment-demand-to- continue-through-2027/1003976615/ 3. Job quality - https://www.vicnews.com/news/5-of-10-jobs-with-highest-vacancy-rates-in- canada-pay-less-than-20-hour/ 4. Job losses / automation - https://www.technewsworld.com/story/forrester-predicts-net-loss-of- 1-42-million-us-jobs-to-automation-by-2032-87461.html 5. Robots and manufacturing - https://www.fiercepharma.com/manufacturing/sanofi-ceo-turns- to-cobots-and-ai-to-shave-manufacturing-costs 6. Student debt - https://www.businessinsider.com/biden-budget-proposal-help-student-loan- borrowers-without-debt-forgiveness-2022-3 and https://www.forbes.com/sites/zackfriedman/2022/03/28/biden-drops-student-loan- cancellation-from-presidents-budget/?sh=62cc33202111 7. Innovation spending - https://www.fiercebiotech.com/biotech/biden-puts-r-d-investment-at- heart-2t-spending-plan 8. Top careers - https://www.futurelearn.com/info/blog/top-careers-and-how-to-land-them 9. Stagflation and wages - https://www.fool.com/investing/2022/03/23/3-charts-to-watch-for- stagflation/ 10. Near-shoring - https://paherald.sk.ca/why-a-global-approach-to-corporate-taxation-makes- sense/
  • 18. Other Sources • 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.udem y.com/ (search Paul Young CPA CGA