Skills Training & Education
Human capital is one of the most comprehensive files on the Council’s agenda. Primary education, industry training, the university system, immigrant integration and other human-capital issues are all crucial to BC’s economic development. As BC’s economy becomes increasingly dominated by skill-demanding industries, governments and businesses have a growing responsibility to help enhance the talents of British Columbians.
An update on B.C.'s fastest growing industries: A diverse group...but resources still prominent
A look at B.C.’s 30 fastest growing industries through the half decade ending in 2017
Finlayson Op-Ed: Are robots coming for your job? (Troy Media)
Will robots soon be replacing humans across broad swaths of the labour market?
Judging by headlines touting driverless cars, machine learning and the rapidly-growing digital economy, one is tempted to answer “Yes.”
No one can doubt the sweeping effects of new technologies. Historically, tens of millions of jobs have been eliminated by successive waves of technology-enabled innovation in industries ranging from agriculture, transportation and manufacturing, to electricity and information and telecommunications services.
A similar process is underway today, fuelled by advances in artificial intelligence (AI), data science, and digital tools and platforms.
RESEARCH PAPER: The automation potential of the B.C. labour market
A research paper prepared by David Williams, Vice President of Policy, that takes a close look at the potential impact of automation on the B.C. labour market. This is the first study that considers how AI, robotics and other digital technologies may affect the demand for labour in the B.C. context.
The automation potential of the B.C. labour market: some insights
How will the BC labour market be impacted by automation? B.C. has a greater share of highly-automatable jobs compared to the rest of Canada.
Guest Author: Breaking the cycle of poverty through education, partnership:
How the federal government’s new poverty reduction strategy calls upon British Columbians to act
Providing youth with quality education is critical to the federal poverty reduction strategy.
Finlayson Op-Ed: B.C. doesn’t have enough workers to meet industries’ demand (Black Press)
For those interested in the hottest job trends, the provincial government’s new Labour Market Outlook is worth a look.
Over the next decade, the government is forecasting a total of 903,000 job openings in B.C. More than 600,000 will result from current workers transitioning into retirement.
Many of these positions can be filled by younger cohorts of workers, but that won’t be enough to produce warm bodies for all of the expected vacancies.
Finlayson & St-Laurent Op-Ed: Jobs and careers in the ‘fourth industrial revolution’ (Troy Media)
The work world is being transformed by rapidly evolving digital technologies as we march into what many are calling the “fourth industrial revolution.”
With disruptive technologies pushing the frontiers of automation, some of the comparative advantages humans traditionally have enjoyed relative to technology are eroding. Computers and learning-based algorithms have progressed beyond replacing repetitive, manual tasks with mechanical execution.
How will Digitalization Affect the Labour Market?
The challenge facing policy-makers – in British Columbia, Canada and globally – is how to maximise the productivity gains of technological progress through digitalization, while taking steps to mitigate its intrinsically-skewed distribution of benefits.
Finlayson & St-Laurent Op-Ed: Young, educated Indigenous talent is ready (Troy Media)
B.C.’s Indigenous population is relatively young, with an average age of 33 compared to 42 for the non-Indigenous population. Even better, a growing proportion of Indigenous have some form of post-secondary education: a degree, a college credential or a trades certificate.
Finlayson & St-Laurent: Jobs in Demand: B.C.’s Labour Market Outlook to 2027 (PeopleTalk)
If you’re on the lookout for the hottest job trends, WorkBC – an agency of the provincial government -- recently released an updated Labour Market Outlook through to 2027. Over the next decade, the government anticipates 917,000 job openings. Roughly 70 per cent will result from current workers transitioning into retirement. Many of these positions can be filled by younger cohorts of workers, but that won’t be enough to staff all of the vacancies expected to emerge. The other 30 per cent of job openings will arise due to ongoing economic and industrial growth. To fill these positions, the supply of workers will have to be expanded, through immigration, attracting people from other provinces, and tapping into underutilized labour pools.
Show Me the Money! Earnings by Field of Study and Education Level
As students contemplate their field of study - one consideration might be potential future earnings.
Women and Work: An analysis of the changing B.C. labour market
An analysis of the progress made advancing women in the workforce and areas where there is more to do to enable the full participation of women, particularly in light of shifting demographics and labour markets.
Six Propositions About Digitalization and the Labour Market
How will digitalization of the economy impact the labour market?
Bridging Classroom and Career
The world of work is very different today than it was a few decades ago. Traditional clear-cut pathways to well-paying, full-time jobs increasingly are giving way to less linear career trajectories as employers look for a different mix of skills, experience and formal qualifications.
Release: #IWD2018 Women and Work in BC Blog Series
In honour of International Women’s Day, the Business Council of B.C. (BCBC) is releasing a series of blogs examining the place of British Columbian women in the workplace. The series offers a preview of a BCBC report on women and work in BC over the last four decades, to be released later this spring.
Quick Facts on Education Trends in Canada
The latest results from Statistics Canada show that in the last decade Canada has become much more educated.
What To Expect When You're Expecting [Disruption]: The Digital Economy and British Columbia
You are in the midst of the Fourth Industrial Revolution. So, what is it — and in what ways may it transform life as we know it?
Advanced Education in Canada: How We Compare
The 2017 edition of the OECD’s Education at a Glance: OECD Indicators was recently released, comparing the quality of educational outcomes across 35 OECD countries. The report suggests that while Canada performs well, there are still areas for improvement
Finlayson & Peacock Op-Ed: How government can help build bigger businesses in B.C. (Business in Vancouver)
To build a more prosperous economy, new businesses have to be created and some existing firms must grow. The business world is characterized by a high degree of “churn,” with many new entrants together with lots of exits and diverse patterns of expansion and contraction among the pool of surviving companies. Many new firms don’t have a long shelf life. About half close their doors within five years. Of those that hit the five-year mark, most never reach the 50-employee level.
But those that do grow swiftly tend to make disproportionate contributions to our economy. This is partly because as businesses expand, they become more productive – and therefore, on average, pay higher wages. In addition, as firms grow, they are more likely to export and to take advantage of the economies of scale that come from doing business beyond local markets.
Finlayson & St-Laurent Op-Ed: Education as the Great Divide (People Talk)
Where do workers envision themselves five years from now? Who has the skills to succeed in the fast-changing job market? The answer—and the level of optimism—may very well depend on the amount and type of education attained.
How workers view their careers and whether they believe they can “make it” in a digital world whittles down to one main factor: education. A recent US survey reveals that education, not household income or geography, represents the “great divide” between w