Such career changes have taken place in the midst of a tightening labour market, resulting in staff shortages in the sectors workers have left behind. "The labour market is tight right now, and what that suggests is that this is a seller's market," said Lange. "Workers should be in a strong position in this labour market, and we should see that in compensation. Brittany Feor, an economist with the Labour Market Information Council, said encouraging younger people, such as students, with higher pay and part-time positions could help address the labour shortage, as would an increase in immigration. Canada's labour force participation rate is steadily decliningBut the leading factor driving down the labour market participation rate, visible in the chart above, is the country's shifting demographics.

Source: CBC News August 23, 2022 10:22 UTC