Increasing wages works to some extent. But retraining and being a better boss will do more
There are many challenges to running a business, including getting capital, getting customers and meeting the competition. Add staffing to the list. Hiring workers used to be less difficult. Any vacancy announcement attracted many more applicants than employers were able to consider. But now, there are multiple vacancies for every able, willing and available worker.…
Canada’s economy has transitioned from the resources under our feet to the resources between our ears
The first month of a new year is named January after the Roman god Janus, who had two faces – one looking backward and the other looking forward. Janus illustrates humanity’s ambition that the first month of the new year is a time to take stock of the past and make plans for the future.…
The rules that have guided our economy no longer apply
Did you notice that 2022 began with far fewer forecasts and outlooks than are usually seen when we put up our new annual calendars? And most of those who bravely made predictions for 2022 have already been proven wrong. The emergence of the Omicron variant of COVID-19, just when everyone was eagerly anticipating the end…
The pandemic has taught us that life beyond the job is possible
The wage gap between men and women stubbornly persists even after adjusting for all the usual factors like education and occupation. Career and Family: Women’s Century-Long Journey Toward Equity, a new book by Harvard professor Claudia Goldin, takes a fresh look at the issue. Goldin introduces the concept of greedy jobs. These are the jobs…
Labour shortages, inflation and supply challenges are forcing businesses to make serious decisions
The steely blade of the hunting knife at my throat made me swiftly take stock of the seriousness of the situation and my immediate options. At the age of 26, I was selling goods that included hunting knives from an outdoor stall when a patron grabbed a knife and held it to my neck, demanding…
Making it easier for professionals certified in over 100 occupations to move to the province
While nearly one in three Canadian businesses is reporting labour shortages, Alberta is taking steps to make it easier for professionals certified in over 100 occupations to move to the province. Currently, these professionals wait between six and 12 months for their credentials from other provinces to be recognized. Thus, highly proficient Canadian-trained professionals like…
Keeping a worker is easier, faster and less expensive than replacing one
Among the many challenges facing businesses today is getting and keeping enough employees. The pandemic is often blamed for the labour shortages. Many people received income maintenance payments, sometimes exceeding their previous salaries, and no longer had to work. Stopping the subsidies may or may not bring them back, although raising wages will help. Others…
We need more economic participation and educators need to value the food industry as a viable career path
“We’re hiring” signs are everywhere, particularly in the food industry. Some people blame overly-generous employment insurance programs that keep many highly capable individuals in their homes. Others point to a younger generation not willing to work, or they blame a fear of COVID-19. Rumours of ageism have also emerged to explain why we’re seeing more…
All the myths about being washed up at age 60 are hogwash
Planning for life past 65 is more important now than ever before. What with longer life spans, people are not only working longer, they're also changing the way they live. We're in a longevity revolution of a kind that's never been seen before. A hundred years ago, the average life expectancy was 47; today it's…
Available workers are rarer than openings now. Smart business people will start making adjustments so we can all enjoy some prosperity
At last we’re beginning to see beyond the pandemic to a return to more normal times. Businesses are reopening. Corporations have capital to invest and are starting to do so. Thanks to government support during the pandemic, many people have savings to spend. The combination of a liberation from lockdown and all these available funds…
There are many challenges to running a business, including getting capital, getting customers and meeting the competition. Add staffing to the list. Hiring workers used to be less difficult. Any vacancy announcement attracted many more applicants than employers were able to consider. But now, there are multiple vacancies for every able, willing and available worker.…
