Even as the world debates whether we are or are not in a recession, a persistent shortage of workers has business leaders and economists struggling to understand one of Canada’s most intractable, and some say most crucial, economic problems.
Despite the slowing effect of rising interest rates intended to fight soaring prices, employers across the country continue to complain they can’t find the workers to fill empty jobs. And while many expect Canada’s surging job creation will soon end as recession bites, predictions for Friday’s latest jobs report suggest it hasn’t happened yet.
According to economic theory, a solution to the worker shortage beckons: Simply
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