Canada's job creation numbers have been dismal. Carol Goar writes:
The numbers are striking. Since last autumn, Canada has created 50,000 part-time jobs but lost 20,000 full-time positions.
What was once a whisper — are we becoming a nation of part-timers? — has swollen into a worried chorus.
A report by Randall Bartlett and Derek Burleton for the Toronto Dominion Bank acknowledges the growth in part time work. But both economists conclude that, as the American economy picks up, Canadians will return to full time work. Goar, however, questions their research:
The authors don’t examine the possibility that employers have permanently scaled back their payrolls to reduce their exposure to risks beyond their control.
They don’t take into account the structural changes that have reshaped the Canadian workforce: globalization, outsourcing, the hollowing out of the manufacturing sector, the sharp increase in income inequality, the westward shift in the country’s economic fulcrum and the influx of hundreds of thousands of foreign workers.
And they summarily dismiss the idea that this might be the new normal. But to millennials, it is a real fear. This is all they’ve known since they entered the labour force. They suspect it is all they ever will know.
The so called "recovery" doesn't feel like one:
Workers are skeptical. This doesn’t feel like a normal recovery. Five years after it began, employers are still making do with part-timers, temporary workers and contract employees. Skilled workers who lost their livelihood during the recession are now doing low-wage service jobs. College and university graduates can’t get an economic foothold. A new business model seems to have taken hold.
The report is long on hope -- perhaps because the authors recognize that, if the trend in part time employment continues, we have the tinder that could start a revolution. And, then, things could get very nasty.