The headlines in Canada's newspapers yesterday state that this report "argues forcefully against the notion of looming economy-wide labour shortages". But on reading the report, it becomes clear that while the skills shortage isn't as bad as predicted, this is largely due to the recession, and though there may not be a "burning platform" right now, "there are inherent vulnerabilities in the labour market and skills development more specifically that are holding back the economy's potential. Bold and complementary action across governments, employers, employees and educators is needed to ensure that living standards continue to grow." 54 page PDF.
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