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Effects of Growing Aging Population on the Work Force Essay Example

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Effects of Growing Aging Population on the Work Force

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By 2030, the proportion is expected to increase to about 28.5% and 31 percent in 2050. A third of Canadians population would thus be made of aged people.According to the United Nation- backed study, the Canadian society is dealing well with its senior population. Canada was placed fifth by Globe Age Watch Index. Canada came fifth after Germany, Netherlands, Norway, and Sweden. The United States came eight. The index drew its data from the World Health organization, World Bank, UN Population Fund, and several other international organizations. It looked at four features of old-aged quality life, which are health status, income security, education, employment, and the perceptions of older people of social connectedness. Canada scored highly on health status. She was ranked second to Switzerland. However, she lagged behind in income security and was placed 26th.4 % old-age poverty rate caused Canada to drop to the position. About a quarter of people in Canadians aged over 65, live without pensions.According to Karpinska (2013), labor force in Canada is complex as several factors affect it. However, the key important factor is the aging population, which is influencing the labor force. People aged 55 and over rose rapidly in the last few years. Demographic projections by Statistics Canada postulated that aging of labor providers would increase steadily as the baby boom group age.According to Haerens (2014), Canadian labor force is expected to grow to 20.5 and 22.5 persons by 2031. The increase would be a rise from 18.5 million persons in 2010. The share of the labor force among people aged 15 years and above is projected to decrease in the coming years. The overall involvement would reduce from 67.0 percent in 2010 to between 59.7 percent and 62.6 percent in 2031. A person in a group of four laborers is expected to have 55 years and above by 2021. The percentage was 16.9 percent in 2010.Different governments define an older worker differently. Canada defines an older worker as a working person above 45 years of age according to Solin (2009). According to Brownell and Kelly (2013), older workers are from baby boomers generation. Employees are usually discriminated based on their ages. For most people, older workers lack physical strength, are less productive, are slow learners, are forgetful, afraid of technology, and are less motivated. Again, they are viewed as people who fear retraining or reeducation and as people

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preview essay on Effects of Growing Aging Population on the Work Force
  • Pages: 10 (2500 words)
  • Document Type: Essay
  • Subject: Sociology
  • Level: Ph.D.
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