We need immigrants as boomers retire

August 26, 2010
Toronto Star

Glen Hodgson

The baby boom generation in Canada is about to start retiring in growing numbers. Who will replace the boomers in the workplace? The answer, increasingly, will need to be more immigrants.

The economic situation is only going to get more demanding for Canadian employers. We expect that over the next three years the national unemployment rate will decline back toward 6 per cent, which is effectively full employment. Finding workers and containing wage pressures are already resurfacing as key issues for Canadian employers in some regions and sectors.

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Reference: Toronto Star