Please update all the data’s and statistics as mentioned below. http: //commerce. statcan. ca/english/commerce/http: //www. con-x. org/markettrends. asphttp: //www. statcan. ca/Daily/English/051122/d051122b. htmAbstractThis paper captures a comprehensive study on Skilled Labour Shortage in Canada's Construction Industry. It seeks to define the industry and identifies current conditions and industry trends. It examines the role of government, educational institutes and construction industry, in overcoming obstacle such as skilled labour shortages and shaping its future. The highly competitive construction industry is a powerful engine for the Canada’s economy, providing strength and stability to national Gross Domestic Product (GDP). The construction industry fuels the economy by creating job opportunities.
It plays a significant role in enhancing the quality of life for Canadians. This industry has become an essential component of national security as well. Hence, the construction industry is thriving, injecting billions of dollars in economic activity into the state. Nevertheless, due to increasing economic growth the industry is facing skilled labour shortage. Executive SummaryThe Canadian construction industry is a massive, multi-billion dollar industry employing close to 1 million individuals. Nationally, the construction industry is thriving, injecting billions of dollars in economic activity into the state representing 12% of Gross Domestic Product (GDP).
The construction industry includes workers employed in a wide array of occupations and settings and comprises of five sub-sectors. However, due to increasing economic growth the industry is faced with a growing skilled labour shortage. There are several reasons for skilled labour shortages to occur and persist. One of the most critical reasons is the aging of the workforce in the construction industry. A corresponding decline in the number of young people available to enter the labour market has compounded the problems faced due to ageing of the workforce.
Parents and counsellors view construction as a low-level, backbreaking job. Lack of proper and effective educational and apprenticeship training system has not helped in any way to improve the already negative image of the construction industry. Shortages also occur due to the short-run and cyclical economic demand. Construction industry heavily relied on immigrants in the past. This source of labour has now dried up and the failure to develop indigenous response to this shortage is evident. Under-representation of women as a potential source of future labour in construction industry has thinned the already shrinking labour force.
Labour shortages in construction have wide range of consequences. The bottlenecks that inhibit the hiring of complementary workers can lead to possible wage cost escalation. Shortage of labour can result in restricted output and lengthy delays. This could possibly lead to higher prices and inferior quality of construction. Extra workload on the compact labour force may increase health and safety hazards. There also might be a shift to the underground economy and to prefabricated substitutes. List of TablesTable 2.1: Employment in the construction industry By province, 2001 to 2003Table 2.2: Apprenticeship Registration and Completion 2002Table 2.3: Participation of the Aboriginal labour force in the construction industry, 2001 Table 2.4: Change in GDP, Canadian Construction Industry 2005-2010