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Canajun Finances Home » Snow and Aging Workforces

Snow and Aging Workforces

More snow in Ottawa, seems like a broken record, but I think I have got my per use costs on my snowblower down to around $6.00 per use, but I also may have to buy another 10 litres of gas because I am running out. My guess is there is going to be much more snow coming and I am astounded we have anywhere to put the darn stuff.

Financially for the city of Ottawa it means more likely an overrun in their snow clearance budget (that they have been able to use as a “slush fund” (sorry for the pun) the past few years). This will most likely mean higher taxation coming (along with ludicrously higher water rates too).

The Aging Workforce

Stats Canada published Canada’s Changing Labor Force 2006 report and it is an interesting read.

Census data also showed that the aging of Canada’s labour force continued between
2001 and 2006. In 2006, workers aged 55 and older accounted for 15.3% of the total
labour force, up from 11.7% in 2001.

Why do I care? I am heading into that area very soon, and I keep wondering what is really going to happen when all of these folks “retire”? My suspicion is they really won’t retire, they will just change careers and become part time employees or something like that. There will be a shortage of trained folks in a lot of areas, but my opinion is it won’t be as bad initially, because a lot of those folks are just going to “scale back” work, and not actually stop working.

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Updated, from the 2016 Census, even more aging workers. Results from the 2016 Census: Occupations with older workers , and an interesting graphic.

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