Across Canada, access to skilled workers has become an important and growing challenge. In recent studies , almost 50% of surveyed companies reported that their skilled trades workers will be retiring in the next 15 years. Moreover, 40% of surveyed organizations expect to face a skilled trades shortage in less than five years.
London is not immune from the threat of this upcoming labour shortage. The city’s aging workforce presents serious implications for the labour market of tomorrow, unless a proactive approach to building a larger, more skilled workforce is planned and executed.
As action to minimize the impact of a shrinking workforce is planned and proceeds, it is important to understand the cause of the situation. Some of the best information can be found by studying the demographic trends in the London Census Metropolitan Area (CMA) over the last decade.
A variety of research information and statistical reports relevant to the London area is available.