The video highlights the predicaments to the employment opportunities in Canada. The employment opportunities in Canada are reducing at a massive pace. There were times when the country was offering immense employment opportunities to young graduates. However, the current employment has posed threats to the economy and financial determinants of Canada. The major amount of unemployed in Canada belongs to young people. The fresh graduates are unemployed, and the unemployment rate has crossed the 15 percent ratio. The young people are mostly doing odd jobs. The skill and the learning are highly wasted due to the increase in the trend of doing odd jobs even after acquiring high-level degrees. The young graduates are also underpaid which has impacted the economy of the country.
The ratio of doing odd jobs has increased to one in three young graduates who either are doing odd or underpaid jobs. This trend has increasingly affected the demand for skilled and learned graduates. The situation has also impacted the financial conditions of young people. Young people are motivated to start the ladder of success. Therefore, they start their careers with odd jobs, which they think are a way to their financial and career predicaments. However, after doing these jobs, the young graduates distract from their respective fields of studies. Their financial conditions also become worse, and they mostly end up with a lot of debts. The unemployment of these young graduates is a sorry state for the Canadian economy. The burden of unemployment is ultimately bored the economy of the country.
The Generation Jobless is also finding the reasons behind the increasing unemployment of Canadians. One of the reasons explored by the Generation Jobless is the globalization and rapid changes in the international economy. The world has become a global village with a huge dependency on technology. Technological advancements have allowed companies to digitalize their works and outsource them for better results. The connectivity level of the world has made outsourcing easier and fast than before. Therefore, the companies do not need young graduates for their increasing work level. Furthermore, the companies have focused a lot on the training and development programs during the past few years.
Due to these changes, the companies now invest more in the already trained employees who become an asset to the companies. The young graduates are not ripe enough to provide abrupt benefits to the companies. Therefore, the companies do not want to indulge in the training of fresh graduates. These reasons have put the future of young graduates at stake. The experienced employees are delaying their retirements, and the young generations are put into limbo. The solution to these problems is not the responsibility of one authority or organization. The collective response from the government, the private sector, and all the stakeholders would manage this unemployment gap. Unemployment in Canada is also marred by several flaws in the educational system.
The education system in Canada is decentralized, and there are very few or fewer regulations to it. Therefore, the young people are not catered to by the institution for their career needs. The video also sheds light on the lowest unemployment rate in Switzerland. The need of their hour is to put a string educational and national career policy in force. This policy would be based on the set principles which could serve the unemployed graduates in Canada. Furthermore, Canada needs to develop a national mechanism that would analyze the skill level of young graduates. The analysis of skills would help the country to put the important man force in the relevant fields.
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Source: http://www.cbc.ca/doczone/episodes/generation-jobless
Reference
LeRose, S. B. (Director). (2014). Generation Jobless [Motion Picture].
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