1. P A U L Y O U N G C P A C G A
N O V E M B E R 7 , 2 0 2 0
EMPLOYMENT MARKET – CANADA -
OCTOBER 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 – October 2020
• Job Recovery
• Employment Above Average Wages – (based August 2020 Wages)
• Goods Producing Sector
• Manufacturing
• Youth Employment
• CERB and EI Changes
• Education / Skills
• Automation / Employment
• Great Economic Reset
• What’s next

4. Wages / Above Average Wages

5. October 2020 vs September 2020
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/201106/dq201106a-eng.htm

6. Job Recovery – February 2020 vs October
2020

7. 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 or
https://www.slideshare.net/paulyoungcga/affordability-have-the-liberals-improve-the-lives-of-canadians or
Immigration (1.2M more) - https://www2.slideshare.net/paulyoungcga/policy-review-october-2020-immigration-
and-refugees-canada
• Growth of automation - https://www2.slideshare.net/paulyoungcga/what-is-next-for-business-and-government-
automation
• https://www150.statcan.gc.ca/n1/daily-quotidien/201106/t001a-eng.htm

8. Above Average Wage Employment by Period

9. Goods Producing Sector
Source – Stats Canada

10. Canada Manufacturing
Source – Stats Canada
1. It is still cheaper to produce goods in China.
2. Our manufacturing infrastructure has
declined.
3. The workforce is aging out and not being
replenished.
Key issues with Manufacturing
• All levels of government need to work together as part of reshoring
manufacturing - https://www.slideshare.net/paulyoungcga/how-best-
to-reshore-supply-chains
• Effective training programs can support the next generation of
manufacturing jobs (robotics, 3-D printing, vertical farming, laser
welding, and other manufacturing techniques -
https://www.slideshare.net/paulyoungcga/whats-next-for-automation-
238371946
• What’s next for manufacturing -
https://www2.slideshare.net/paulyoungcga/manufacturing-sector-
canada-and-usa-august-2020-and-september-2020

11. Natural Resources Sector
Blog – Natural Resources
• Finished goods still need access to raw materials. Canada could be a global leader if it fixed is taxation policies
and long with streamlining regulations - https://www.slideshare.net/paulyoungcga/latest-analysis-and-
commentary-on-canadas-natural-resources-sector or https://www2.slideshare.net/paulyoungcga/natural-
resources-canada-how-best-to-get-goods-to-market
• Canada natural resources including AG sector are nearly 50% of all exports. Expanding exports is very important
to government as it will provide additional taxation to support social programs -
https://www.slideshare.net/paulyoungcga/getting-goods-to-market-what-needs-to-happen-by-all-levels-of-
government
• Trade/September – 2020 - https://www2.slideshare.net/paulyoungcga/merchandise-trade-canada-september-
2020

12. 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 or
https://www.slideshare.net/paulyoungcga/policy-employment-and-cerb-analysis-and-commentary

13. 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

14. 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!

15. 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

16. 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 or
https://www.slideshare.net/paulyoungcga/canadas-gdp-july-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
• The circular economy - https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular-
economy
• Getting goods to market - https://www.slideshare.net/paulyoungcga/getting-goods-to-market-what-
needs-to-happen-by-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