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2010 ALLIES Learning Exchange: Don Drummond - Changing Face of the Canadian Workplace
The document discusses how immigration is becoming increasingly important for Canada's economy and labor force. While immigration continues to concentrate in urban centers, labor market outcomes for immigrants are often poor, with higher rates of part-time or temporary work and large earnings gaps compared to Canadian-born citizens. Many immigrants are well-educated but have difficulties having their skills recognized in Canada. Language barriers, especially for new source countries of immigrants, appear to be a major challenge for immigrants entering the workforce. Improving employment and incomes for immigrants is a high priority for Canada.
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2010 ALLIES Learning Exchange: Don Drummond - Changing Face of the Canadian Workplace
- 1. THE RISING IMPORTANCEOF IMMIGRANTS Don Drummond, Economic Advisor May 6, 2010
- 2. TD Economics providesanalysis of economic performance and the implications for investors. The analysis covers the globe, with emphasis on Canada, the United States, Europe and Asia. Contact Information Phone: 416 982 8065 Email: [email protected]
- 3. LABOUR FORCE GROWTH TO SLOW
- 4. PRODUCTIVITY GROWTH INCANADA HAS BEEN ABYSMAL IN THE LAST HALF DECADE
- 5. POTENTIAL GDP ISIN LONG RUN DECLINE
- 6. DIRE PREDICTIONSOF SKILLED LABOUR SHORTAGES NO : demand and supply will adjust But: takes time and money Wages will rise Capital substituted for labour Production shifted to other markets Recruitment from non-traditional pools (more training) Retention of older workers Better use of under-represented workers If all else fails, growth will be slower
- 7. IMMIGRATION BECOMING INCREASINGLYIMPORTANT IMMIGRATION
- 8. CONCENTRATING IN URBANCENTERS IMMIGRATION
- 9. BUT LABOUR MARKETOUTCOMES ARE VERY POOR IMMIGRATION
- 10. MORE IMMIGRANTS WORKPART-TIME INVOLUNTARILY IMMIGRATION
- 11. …OR ARE HIREDON A TEMPORARY BASIS IMMIGRATION
- 12. AND THE EARNINGSGAP HAS BEEN GROWING IMMIGRATION
- 13. EVEN WORSE FORTHOSE WITH UNIVERSITY DEGREES IMMIGRATION
- 14. IMPORTANT NON-WAGE BENEFITSARE LOWER FOR IMMIGRANTS IMMIGRATION
- 15. THUS, LOW INCOMERATES AMONG IMMIGRANTS HAVE RISEN IMMIGRATION
- 16. LOW INCOME OUTCOMESRISING SHARPLY RELATIVE TO CANADIAN-BORN CITIZENS IMMIGRATION
- 17. MANY IMMIGRANTS WELLEDUCATED IMMIGRATION
- 18. BUT THEIR SKILLSARE UNDERUTILIZED IMMIGRATION
- 19. ESPECIALLY IN SOMEHIGH-VALUE PROFESSIONS IMMIGRATION
- 20. LARGELY A FUNCTIONOF HOME COUNTRY IMMIGRATION
- 21. EARLIER GENERATIONS COULDHOPE TO CLOSE THE GAP, NEW IMMIGRANTS MAY OR MAY NOT IMMIGRATION
- 22. IMMIGRANT SOURCE COUNTRIESHAVE CHANGED OVER TIME IMMIGRATION
- 23. LANGUAGE APPEARS TOBE A DOMINANT PROBLEM IMMIGRATION
- 24. SPECIFICALLY REGARDING ENTRANCEINTO THE WORKFORCE IMMIGRATION
- 25. EVIDENT IN THEPRESENCE OF NON-OFFICIAL LANGUAGES IMMIGRATION
- 26. LITERACY PLAYS AMAJOR ROLE IN ADAPTING TO THE WORKPLACE IMMIGRATION
- 27. … AND ISSTRONGLY CORRELATED WITH PERSONAL INCOME IMMIGRATION
- 28. INCIDENCE OF LOWINCOME IS HIGHEST AMONG IMMIGRANT CHILDREN IMMIGRATION
- 29. CHILDREN OF IMMIGRANTSHAVE HIGH EDUCATIONAL OUTCOMES IMMIGRATION
- 30. RECOMMENDATIONS FROM THEAUDITOR GENERAL The composition of immigration targets within the “Economic Class” should be clearly defined over a multi-year period to ensure the needs of Canada’s labour market are satisfied In an effort to reduce inventories of Federal Skilled Worker applications, changes were made to the application process without sufficient policy analysis: How was the list of 38 eligible occupations compiled? It is not clear that these changes to the eligibility criteria have made a substantive difference in reducing the number of applications.
- 31. ECONOMIC IMPLICATIONS Raisingemployment & incomes among aboriginals and immigrants is a high priority Canadian corporations cannot afford to underutilize the nation’s diverse talent pool Language and literacy programs will be key, specifically for employers Foreign experience/credential recognition is a necessity
- 32. TD Economics www.td.com/economicsThis report is provided by TD Economics for customers of TD Bank Financial Group. It is for information purposes only and may not be appropriate for other purposes. The report does not provide material information about the business and affairs of TD Bank Financial Group and the members of TD Economics are not spokespersons for TD Bank Financial Group with respect to its business and affairs. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. The report contains economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. The Toronto-Dominion Bank and its affiliates and related entities that comprise TD Bank Financial Group are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.