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How is the canvas changing? More seniors, fewer children According to the 2006 Census, the number of people aged 65 and over increased by more than 446,700 compared with 2001 (+11.5%), topping the 4 million mark for the first time (4.3 million). This is nearly four times as many seniors as in the first quinquennial census in 1956. In contrast, the under-15 population declined by almost 146,000 (-2.5%) to 5.6 million between 2001 and 2006. This is the second consecutive intercensal period in which the under-15 population has declined , as the last increase was in the 1991 to 1996 period. Replacement rate for any population is 2.1 births/woman. Ours is 1.58/women. Seniors population will double over the next 25 years. This is significant by 2036 projections are 1:4 over 65
We have an aging workforce Two waves of elders are happening. The first wave is the more than 4 million people, 65 and older cohort and the 2 nd wave is the 55-64 years old cohort. In total we are looking at @ 8 million retirees or 1:5 persons The impact in the next few years will be dramatic. PS Baby boomers are also hanging around the workplace water cooler longer than ever before Older workers are staying in the workforce much longer than they did 30 years ago according to Statistics Canada. The labour force participation rate for Canadians aged 55-64 rose from 53% in 1976 to 59% in 2006. An estimated 2.1 million people aged 55 to 64 were either still employed or looking for work in 2006. According to Cdn HR reporter Jan.25.2010 the economic/jobs crisis is changing the reality for retirees. The mass exodus of Cdn baby boomers may not be as dramatic as originally expected. 31% of people between the ages of 53-62 say they are more than 5 years away from retirement and only 23% hope to stop working completely once they retire, according to a survey of 1,524 workers. Among retired Cdns 16% continue to work, either because the need money for personal projects (46%) of the economy has decimated retirement income (29%) Make link to CLC pension security campaign here.
Headlines in Globe and Mail make it clear our demographics are growing in importance for policy makers.
PSAC obtains a copy of a SECRET report HRSDC prepared the Coordinating Committee of Deputy Ministers (CCDM) document has been edited significantly pursuant to the Access to Information Act (ATIP) Release of this report led to Aug Globe and Mail article.
Kevin Page issues a warning about the public policy implications in the summer of 2011. The Parliamentary Budget Office predicts that Canada will face a “fiscal gap” with annual deficits of an extra $20-billion to $40-billion over the next decade to cover the costs of a graying population.
This slide illustrates who got hurt badly by the economic crisis. By comparing changes in employment for just 3 months of 08 vs 09 shows the hardest hit are recent immigrants, followed by establish immigrants and lastly workers born here. Translation = new town means you were nearly 3 times more likely to be out of work compared to Cdn born workers. A more recent StatsCan release this past month shows that nearly 13% (12.9%) of recent immigrants (in Canada less than 5 years –they are Canadian citizens) lost their jobs over the past year compared to 2.2% of Canadian-born worker.
Perception of immigrants is colour coded 2005: Strategic Counsel conducts a revealing survey. The issue: what is the public perception of the contribution immigrants make to Canada? 40% of those surveyed expressed the view that immigrants from some countries “make a bigger and better contribution than others.”
The perception of “value” is disturbingly colour coded and ignores the fact that Canada gains four skilled people for every one it loses via emigration. Ignores the fact that newcomers hold an educational advantage over those leaving Canada. Remember where Canada is harvesting their new labour force and hence potential new union members? The very countries which respondents to this survey expressed a racist perception of “value”. Remember 80% of immigrants today come from the Mid-east, Asia and the pacific regions. The perception of value is again colour coded and ignores he fact that Canada gains four skilled people for every one it loses via emigration. Newcomers hold an educational advantage over those leaving Canada.   CIC Report to Parliament, 2006 Racism is inherent in public perception.