Judith Maxwell, former chair of the Economic Council of Canada, tells the Globe and Mail: “People over their forties in Canada have no idea what it’s like for a young person trying to find a pathway to adulthood right now.”
Our present political masters, focused entirely on the next quarter's results, have not given any thought to the next generation:
While young people have always struggled to get established, economists and labour experts say this time is different. Those in their 20s today are facing far more hurdles than their parents’ generation, and those difficulties are likely to linger, with profound economic consequences for Canada. There is diminished job security, the growth of temp work, rising costs for food, tuition and housing and record debt levels. To top it off, young people entering the work force today are far less likely to retire with a company pension than their parents’ generation.Consider the data:
The different playing field for young people today can be measured in a number of ways. One is the decline of secure jobs: The proportion of 20- to 24-year-olds in temporary positions has climbed steadily, to about 29 per cent this year from 21 per cent in 1997, Statistics Canada data show.
Full-time work is harder to find as well. Last month, a broader measure of youth unemployment – which includes not only the jobless, but part-timers who would prefer full-time work and people who’ve given up looking for work – hit 19.6 per cent, the highest level for any September in 15 years.
Today's young have been abandoned by their governments. Our leaders tell us they are focused on the future -- that is why they are cutting spending. And, all the while, certain that their own retirements are secure, they toss the young under the bus.