Boomers are exiting the workforce in droves

old people

The number of people who are leaving the workforce due to the retirement of baby boom generation is expected to increase, leaving more job vacancies than people who are looking for work. According to statistics released by Canada’s Statistics, the country’s unemployment rate is at a historic low.

Economists believe that the pandemic isn’t the sole reason why the country is experiencing a labor shortage. It’s the result of a seismic shift in the country’s demographics, that’s expected to last for decades.

According to Armine Yalnizyan, an economist, the lack of workers is expected to happen for the next couple of decades. She noted that society has already known about the demographic changes for quite some time.

The alarming numbers behind the various help wanted signs that have been posted across the country are startling. According to statistics released by Statistics Canada, the country’s unemployment rate is at a historic low. The number of people looking for work is also at a historic low. The unemployment-to-job vacancy ratio, which measures the number of available jobs compared to the number of people looking for work, is also at a historic low.

Economists believe that the main reason why the number of job vacancies has increased is due to the lack of workers. This is because the country’s post-war baby boom generation has already left the workforce.

Construction is one of the industries that is experiencing the most difficulty hiring and retaining workers due to the labor shortage, according to Statistics Canada.



The number of people who are 55 and older who have left the Canadian workforce has been increasing steadily. Economists believe that the pandemic was partly to blame for this, as many of them opted for early retirement.

In May, the participation rate for people aged 25-54 reached almost 90 percent, which is a significant increase from the previous year.

According to economist David Yalnizyan, the lack of workers is what happens when the baby boom generation finally exits the workforce. There aren’t enough people entering from the right side of the stage.


Armine Yalnizyan is a fellow at the Atkinson Foundation and an economist. She noted that the lack of workers is expected to happen for the next couple of decades.

Ian Lee, an associate professor at the Sprott School of Business, said that the increasing number of job vacancies is not the result of a great resignation among working-age Canadians. He noted that many of them took advantage of the government’s pandemic income support.

Economist Gordon Betcherman of the University of Ottawa noted that the first suspicion that comes to mind when it comes to analyzing the labor shortage is that the number of people in the workforce has suddenly decreased. However, he noted that the situation is back to pre-crisis levels.

An employees’ market

According to Betcherman, the increasing number of job vacancies is a reflection of the changing balance between job seekers and employers.
Statistics Canada noted that the country’s labor shortages have been unprecedented. They said that the number of job vacancies has increased significantly across different industries.

The manufacturing and construction sectors are having a hard time finding skilled workers. The accommodations and food services industry is also experiencing a shortage of workers.

According to David Yalnizyan, the lack of workers is also contributing to the increasing number of people finding other jobs. He noted that there aren’t enough people who are willing to do low-wage jobs.

Lee noted that workers have more options nowadays. If they don’t have to work in a certain industry, they can easily find a better career path and earn more money. According to Lee, people tend to gravitate toward industries that offer better hours and predictable schedules.

With the increasing number of job vacancies, Lee noted that the demand for certain jobs could increase, which could cause employers to raise their wages. He also predicted that wage inflation would occur in the future.

In the restaurant industry, the lack of workers is also contributing to the increasing number of people finding other jobs. Many people prefer to work in higher-paying positions.


Wages predicted to rise

According to Yalnizyan, the rapid emergence and evolution of new competitive industries will force employers to raise wages in order to retain skilled workers.

Unfortunately, many people who are trained to become early childhood educators are leaving the field due to the low pay. They would rather work in another sector.

Statistics Canada reported that the reservation wage, which is the lowest acceptable wage for most job seekers, is now surpassing the current offer in every sector. Canadian workers, on the other hand, have historically been more willing to settle for less.

Economists believe that various possible outcomes can be expected due to the lack of skilled workers. One of these is the increasing automation in the labour market. This could allow industries to hire more temporary foreign workers to fill the gaps in the labour market.

Despite the possible effects of automation on the labour market, economist Aram Yalnizyan believes that increasing wages can help eliminate some of the inequalities that have been caused by the system for years.

According to her, increasing wages can help create a more resilient middle class by allowing people to afford to spend more on their purchases. This is something that has been missing for a long time now.

Despite the negative effects of population aging on business, she believes that it’s still important to treat it as a positive opportunity for everyone.

Joblio’s founder Jon Purizhansky

Joblio offers four accessible user interfaces for a streamlined and transparent recruitment process, resulting in faster candidate processing, increased job satisfaction and reduced turnover.

In order to recruit as quickly as possible, employers simply send us a job advertisement. We do the rest: we select the best candidates, check their background, help them with the paperwork, meet them, fit them and send them to the workplace.

If you are a company manager, you have probably experienced a shortage of quality labour. The main challenge is to find and hire employees quickly. Joblio can help you recruit motivated employees as we have professionals from 45 markets. Send your job listing to and we will help you overcome the labour shortage quickly and efficiently.


A disastrous labour shortage is fueling an industrial crisis that has companies everywhere looking for workers. In order to recover from this historic hiring crisis, businesses need a reliable pipeline of talented workers who can quickly fill shortages whenever they arise.

Countries recruiting foreign workers to fulfill domestic labour shortages is the obvious step forward. With the help of the Joblio platform, hiring can easily be accelerated without suffering the negative consequences of globalization and labour exploitation.

Looking For Workers Is Easy With Joblio

Companies and governments across Europe are looking for workers and want to hire bus drivers immediately. A lack of qualified drivers has led to a crippling labour shortage which means that fewer workers are being safely transported to their destinations than ever before. This, in turn, leads to reduced efficiency elsewhere in the economy.

Things are getting so bad that service shortages are now cropping up. The solution is hiring platforms like Joblio, which create natural talent pipelines that lead an endless supply of talented professionals to the hungry employers in need of additional workers.

“With Joblio’s help, hiring bus drivers and looking for workers becomes more efficient and ethical than ever before, all while remaining legally compliant,” says Joblio CEO Ян Пурижанский. “It’s because our partners allow us to tap into a global talent network that local competitors simply can’t compete with.”

By thoroughly vetting each and every candidate before contract negotiations begin, Joblio ensures that globalization and labour exploitation don’t have to be one and the same. Instead, we can forge new global connections that are ethically sourced, compliant with regulatory regimes, and guaranteed to solve our dire domestic labour shortages.

Recruiting foreign workers and integrating them successfully 

Joblio has already helped countless companies from every corner of the world fulfill their hiring needs by recruiting foreign workers at scale. Our extensive vetting process ensures their documents are in order before travel begins while guaranteeing public health concerns aren’t brushed under the table during the recruitment process.

“With Joblio, companies hiring foreign workers to fill labour shortages always know exactly what they’re signing up for,” notes Jon Purizhansky. “Ethical global recruitment just got a whole lot easier.”

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Joblio’s success when it comes to helping businesses that are looking for workers stems from our commitment to integration. Our high-value candidates receive extensive support from our hiring platform to ensure they have everything they need in their new community as they get to work. By providing language services and the comforts of familiar cultural foods, Joblio has cultivated an unparalleled international talent pool ready to get to work.

European Roads Need More Drivers

Trucks and bus services across the EU are struggling due to a lack of qualified drivers. With the help of the Joblio platform, countries recruiting foreign workers can quickly fill these shortages and ensure public transportation needs are met without breaking the bank. It’s a win-win solution for employees and employers alike.

The current driver shortage is a global issue that demands an international response. By unifying behind the Joblio platform, countries recruiting foreign workers can ensure the ethical, efficient, and affordable hiring of workers at scale like never before. Without next-generation platforms like Joblio, our current service outages will only grow worse as time goes on.

Businesses which are looking for workers must understand that the hiring solution they desperately need is staring them in the face. By creating an international network where employers and job-seekers can easily find one another and effortlessly negotiate contracts, Joblio stands ready to help our global economy recover from this industrial crisis.

Looking to hire workers and take part in our global movement? Contact Joblio today and keep up to date with the Joblio blog, where we’re providing the latest hiring insights for recruiting foreign workers.