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Write a 5 pages paper on the factors of unemployment in canada. The brunt is intense upon Ontario which is both the commercial capital and industrial heartland of the nation. The region which is espec
Write a 5 pages paper on the factors of unemployment in canada. The brunt is intense upon Ontario which is both the commercial capital and industrial heartland of the nation. The region which is especially dependent upon export revenues is likely to face hardships in the future due to a fall in export demands given that the demanding economies still have not recouped from their plight. Its misery is quite anticipated too, as the national government has cut down the targeted rate of economic growth in the next fiscal. .The brunt is intense upon Ontario which is both the commercial capital and industrial heartland of the nation. The region which is especially dependent upon export revenues is likely to face hardships in the future due to a fall in export demands given that the demanding economies still have not recouped from their plight. Its misery is quite anticipated too, as the national government has cut down the targeted rate of economic growth in the next fiscal. .Causes behind income inequality being a victim of hard times, the provincial government is found to be inventing methods to revive the region, which plays a huge role in the economic progress of the nation as a whole, out of troubled waters. Some of the causes being identified in the report generated by the Task Force have been depicted underneath as follows –
1. Poor productivity among Canadian workers, which is why even though they work hard, the quantity, as well as the quality of the resultant product, is not worth their effort. .
2. Poor demand for exports from nations which still are striving hard to recover from the brunt of the financial crisis.
3. The high rate of school drop-outs.
4. The growing rate of unemployment that results in a fall in the economic growth rate of the nation. This has direct implications upon the rising rate of poverty in the nation as well. The remedy of income inequality .The Task Force, on the other hand, has provided remedies for correcting the deficiencies that have led the nation towards experiencing such bad times. The remedial measures that they have suggested clearly reflect that emphasis must be laid towards the eradication of poverty, unemployment as well as improvisation in the educational aspect. Committee has suggested have been illustrated underneath - .
1. The business houses need to invest a hefty amount in research and innovations. Innovative activities are likely to lead to betterment in factor productivities and hence economic value being produced. It is alleged as well that the government policies being framed in favor of innovative activities are insufficient. .
