And the reason for that, economists say, can be traced back to the post-war baby boom. An employees' marketInstead, economists say the data points to the emergence of an employees' market where workers are enjoying an enormous amount of leverage over employers. "It's undeniable this trend we're in where the balance between job seekers and job vacancies has definitely shifted," Betcherman said. That could force employers in certain industries to raise wages, Lee said. Economists believe there are other possible outcomes — increasing automation to fill the vacuum left by the labour shortage, for one.

Source: CBC News July 23, 2022 21:44 UTC