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Employment Trends in Canada - Essay Example

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Employment Trends in Canada

In between the years 1994 to 1998 about 1 million jobs were created and in 1999 alone more than 391,000 new jobs were created. (Economy Overview, 2001) This rise in the employment rate of the country reflects a profound economic boom in the country. The instrumental factor behind this economic and employment boom was the resurgence of the manufacturing sector and to a more extent, globalization. Globalization lead to the infusion of specialized trade, technological sectors into the country, hence leading to the creation of a serviced based economy. This resulted in the generation of a whole new species of workers, the "knowledge workers". The knowledge workers were people having a college or an university degree and in time proved to be indispensible to the country that was seeking new horizons to modernize itself and expand its economy. Overall till the end of the year 1999 Canada's unemployment rate was down to a low of 7.6% on the average. . (Economy Overview, 2001)
What these current trends of employment in Canada brings into the forefront is the rate of growth of employment in the country is a direct effect of globalization with knowledge-based industries and services based economy as the key generators of employment. ...Show more

Summary

2. Karl Marx, 1844, "Estranged Labor", Economic and Philosophical Manuscripts of 1844. Karl Marx, retrieved on 14th February 2009 from: http://www.marxists.org/archive/marx/works/1844/manuscripts/labour.htm
This paper is an effort to study the effects of service based economy in the context of globalization on the current employment trends of Canada…
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Employment Trends in Canada essay example
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