Research finds that AI will increase labour productivity and boost global economic output by 5 to 7 per cent.
Because retired people save less money than working people, Canada will rely more on foreign savings to finance domestic investments.
Private employers unable to compete with government-sector wages endure longer-lasting vacancies.
Persistent labour shortages are helping drive up costs.
The province plans to spend more than $200 million on employment and skills training.
The extent and urgency of educating and training workers should not be overestimated.
Response to David Baxter column, February 17-23, 2004, Business in Vancouver
Is Canada facing a looming labour shortage? David Baxter, for one, seems to think we are and that without high levels of immigration Canada will be unable to support current levels of health care and social services.