Canada: A Nation of Part-Time Workers? The latest study conducted by experts on the current employment rate prevalent inCanada proved right the fears of various economists by affirming that Canada was transforming to a country of “part-time workers. ” In the article “Canada: A Nation of Part-Time Workers? ” by Don Curren and published in the Wall Street Journal, dwells on the issue affecting the Canadian economy. According to Curren, the prospect of part-time employment is often associated with odd hours, low wages, and limited benefits, and thus poses a negative impact on prevalent and prospective workers (Curren Para 2).
In reference to the July Jobs Data, estimates by Statistics Canada indicate that in a period of six months, the rate of part-time employment has inclined by an average of 13, 000 workers every month in contrasts to the dwindling rate of full time workers. The decreasing rate of full-time workers in Canadian industries is the leading cause of the increasing and unsettling trend that is lurking in the nation, because as the nation experiences a shortage in full-time employees, part-time employment is utilized to fill the void (Curren Para 4).
An economist at Capital Economics, David Madani, states that July’s net employment revenue was largely accounted for by part-time workers as the economy struggles to offer citizens quality and well-paying jobs. For individuals to consider a full-time job, a lucrative pay and better working environment should typify it and a lack of this factor results in an increment in part-time employment. In relation to the discouraging trend, the Canadian economy has experienced an average rate of the hours worked in the past six months.
This is an evident indication of fragile labor income acceleration in that period. Canadian economists agree with this perspective as sectors including hospitality, and retail industries experience a growing share of part-time workers as most of its job openings are part-time. However, Toronto-Dominion Bank fails to agree with the concept of Canada transforming into a part-time country. In a recent report, Toronto-Dominion Bank economists argue that the issue is due to the notion that part-time employment usually elevates during a recession and normalize in the following period after the downfall.
The TD report acknowledges that with the 42, 000 occupations created by July, part-time employment elevated by approximately 60, 0000 positions that compensated for the decline of full-time employment of over 18, 000 occupations (Curren Para 7). TD economists reflect on the 2008-09 recession that experienced a rapid increment in part-time employment in the country but in the latter years, the trend faltered significantly. Consequently, the report reveals that the nation’s aging work force tends to boost the rise in part-time as citizens aged 65 and above represent approximately 8% of the part-time employment.
This estimate reveals almost twofold their share in reference to a decade ago and study attribute this factor to the rising population of seniors, which has increased from 16% to 18% over the past decade. Consequently, the elevating rate of the senior workers is as a result of various factors including the need to enhance their retirement benefits and the quest of a hobby or activity. In reference to the current trend, Curren estimates that a more equilibrium in the distribution of full-time and part-time employment will be achieved due to the prospects of growth in Canadian economy.
Work Cited Curren, D. (2014). Canada: A Nation of Part-Time Workers? . WSJ. Retrieved 30 October 2014, from http: //blogs. wsj. com/canadarealtime/2014/08/21/canada-a-nation-of-part-time- workers/? KEYWORDS=economics