Bust, Boom And Echoe Essay

1370 words - 5 pages

The Past, Present, and future of the Canadian Labour ForceDuring the past decade, three key factors have shaped the nation's workforce; the demand for skills in the face of advancing technologies, and the 'knowledge based economy'; a working-age population that is increasingly made up of older people and a growing reliance on immigration as a source of skills and labour force growth.The demand for skills has been clearly evident in new data from the 2001 Census. Between 1991 and 2001, the number of people in the labour force increased by 1.3 million. Almost one-half of this growth occurred in highly skilled occupations that normally require university qualifications, while low skilled occupations requires high school or less accounted for only a quarter of the increase. In the future, the requirements of education for jobs will keep increasing. At the same time, the workforce has become much "greyer". The average age of the labour force rose from 37.1 years in 1991 to 39.0 years in 2001.By the end of the decade, 15% of the labour force was within 10 years of retirement age. By 2011, when almost one fifth of the baby-boom generation will be at least 61 years of age, the potential exists for shortages in certain occupations.In addition, rates of fertility have remained at low levels for the past 30 years. As a result, fewer young people are entering the working-age population to replace individuals in the age group nearing retirement. In 2001, there were 2.7 20 to 34 in the labour force for every participant aged 55 and over, down from a ratio of 3.7 in 1981.Canada has increasingly turned to immigration as a source of skills and knowledge. Census data show that immigrants who landed in Canada during the 1990s, and who were in the labour force in 2001, represented almost 70% of the total growth of the labour force over the decade. If current immigration rates continue, it is possible that immigration could account for virtually all labour force growth by 2011.What jobs are hot in Canada, and why?The definition of a hot job could vary from person to person. There could be four ways to consider, (1) job growth, (2) salary potential, (3) education level, and (4) room for innovation. The following occupations are considered as the current hottest jobs in Canada: Personal finance adviser Computer software engineer Computer system analyst Sales manager Management analystDue to the quickly approaching retirement of many baby boomers; more and more people are taking a hard look at their own money to see if they can stop working sooner rather than later. Therefore, there is a demand of professional information and advices from Personal Financial Adviser. Personal Financial Advisers advise people on their personal financial problems. They review what will be the risk about investment strategy. They help customers to avoid the risk and make profit. The range of their work includes estate planning that meets the needs of...

Find Another Essay On BUST, BOOM AND ECHOE

Boom of the American Economy in 1920's

1645 words - 7 pages with methods of finance and advertising. The most poignant aspect of the boom in 1923-29 was that it was a sustained boom for 6 years compared to the natural boom and bust cycle experienced every year. The United States' wealth of natural resources meant that it was a self-sustaining economy, in other words the US economy can produce everything necessary for a viable economy without having to pay for imported goods or

A Nation is Born Essay

868 words - 3 pages extremely unstable. For every boom in the economy, there was a pretty much equal bust in the economy. During boom cycles, there aren't enough workers, so employers would either have to raise wages or import workers from other places such as Ireland, which was going through a huge potato famine that pushed the Irish to immigrate to the United States. During a bust cycle, there are too many workers so these people that were imported would now

Dot com crisis

1243 words - 5 pages Shakeout in 2000 by Elizabeth Demers & Baruch Lev (PDF), The Internet Bubble (New York: HarperCollins 1999) by Anthony Perkins & Michael Perkins, The Coming Internet Depression: Why The High-Tech Boom Will Go Bust ... (New York: Basic Books 2000) by Michael Mandel and Big Deal (New York: Warner 1998) by financier Bruce Wasserstein.behavioural financeIn February 2003 - some time after the bubble burst - Amazon.com had a market

The high ratio of household debt to household annual disposable income is nothing to worry about, unless . .

1079 words - 4 pages Bond, Christopher Skase and Robert Holmes a Court and big business generally.They lent heavily for company takeovers until the stockmarket crash of October 1987, when the game moved on to lending for city office blocks and other commercial property development.The business sector became very highly "geared" - it had a high ratio of borrowed capital (debt) to owners' capital (equity).The commercial property boom eventually turned to bust after

How Media Has Changed the Concept of Childhood

1118 words - 4 pages . Moreover, children do not have the essential knowledge and support to recover from their personal experiences after involvement of conflict. The Baby Boom & Bust The golden age of American childhood began after WWII. This era is known as the “baby boom era.” Young male soldiers returned to their family after the war which caused the significant increase of newborns. Family size began to grow which influenced many changes of the baby boom

Prosperity. More apparent than real?

1004 words - 4 pages Basyirah Lattif'More apparent than real.' How far do you agree with this description of the prosperity of the USA in the years to 1929?In the 1920's America experienced a time of prosperity and went through economic and social change. Most see the 20's as a boom that was followed by a bust, The Wall Street Crash 1929, and then the depression. However there was much more going on in the 20's than a simple boom. Was the prosperity real or was it

Intellectual Property Midterm

1112 words - 4 pages Michael Strain Intellectual Property Law July 5, 2001 Mid-term Paper: State Street Bank and its effect on Patent Law All information in this paper comes from William J. Marsden, Jr. and J. Andrew Huffman, Feature: E-Boom or E-Bust? "Business Method" Patent and The Future of Dotcommerce, 18 Delaware Lawyer 18, (2000), and State Street Bank v. Signature Financial Group, 149 F.3d 1360 (Fed. Cir. 1998). In E-Boom or E- Bust

Written Assignment #5

2110 words - 9 pages Federal Reserve and central banking a positive thing? 3. What has proved to be good monetary policy? 4. What role does the federal government play in the boom and bust cycle? Review of Methodology The research was done using a qualitative perspective with an emphasis on historical sub-type to answer the questions. The historical sub-type was used to view situations that pertained to the questions asked and relate them to modern economics .The

Essay Test: Great Depression, Hoover, and F.D. Roosevelt

1037 words - 5 pages a result of the collapse of the economy. This was the ultimate bust in the boom-bust cycle. In 1929, unemployment reached up to twenty-five percent of the working population. America didn’t fully recover from the depression until WWII. As thirty-first president, President Hoover of the Republican Party was a strong believer in his three set virtues: localism, voluntarism, and rugged individualism. Localism addressed the needs of the unemployed

Economy stability, standard of living, labour laws and disparity of wealth

1394 words - 6 pages . Capitalism is an ideal of free trade with no government involvement in the economy. It was created by Adam smith, and exercises the theories of laissez faire. Although in a capitalist economy the economy can see great times of boom or bust. Monopolies are also prevalent within these societies because there are no laws against such things. On the left of the spectrum we find socialism. Karl Marx created this concept. His was an ideal of scientific

Management restructuring and cost cutting efforts

836 words - 3 pages position as creators of wealth, opportunity, and rising living standards and should work proactively to build trust between their organizations and society at large.These three questions ought to be high on management's strategic agendas. By grappling with these issues more thoroughly than happened in the previous cycle of boom and bust, businesses can generate more durable growth.

Similar Essays

Boom And Bust: Financial Deregulation And The East Asian Financial Crisis Of 1997/1998

1883 words - 8 pages on the risks themselves rather than the emotional state of the investor at the time. Ordinary people should take the time to understand the financial world that we are living in today. The day that people lay aside their greed and have nothing to fear is the day where the world economy will be truly global.BibliographyTopic Notes for "Boom and Bust: Financial Deregulation and the East Asian Financial Crisis"The Role of Fiscal Policy in Crisis

Frontier Thesis Essay

1010 words - 5 pages just in the West. The Frontier Thesis states that people migrate toward cheap land and places of economic opportunity. This is closely related to the boom/bust cycles that have become prevalent in the West. One such example is the Silicon Valley. At Silicon Valley, jobs based on technology are plentiful but land prices have skyrocketed. As a result, businesses have begun to relocate their offices. One such business is Intel. It has begun to

The Financial Crisis Of 2007 2008 And The Federal Reserve

3067 words - 13 pages -4.1 Loose Fitting Monetary Policy -4.2 The relevant between federal fund rate and housing boom and bust. -4.3 Did the global saving glut push the interest rate down? -4.4 Comparing with other countries’ monetary policy. -1.5 The interaction between subprime mortgage problem and monetary factor. Conclusion Introduction The financial crisis of 2007–2008 is considered by many economists the worst financial crisis since the

Economic Theories Essay

1037 words - 5 pages , Congressman Steve King, and many Tea Party idealists (Seabrook, NPR). Friedrich Hayek’s theories are based more on the macro level than Ayn Rand’s. Hayek opposes any intervention by government, or similarly sized institutions into the economic boom and bust cycle. Hayek argues that the economy is too large and too complex to be manipulated reliably by the government. He claims that there will be unintended consequences to any intervention trying to