English
The unemployment rate at present has increased in Canada to 15% to date due high competition, limited choice of jobs and replacement of humans to machines. There are several graduates who finish college but end up jobless due to stiff competition that they are forced to accept low-skilled jobs which do not even require a degree (Rose & Bartlett, 2013). 60% of those who finished a college degree have to pay an average debt amounting to $27,000 due to student loan debt (Rose & Bartlett, 2013). Hence, the new generation graduates have no choice but to accept dead end jobs to pay off their obligations. In most instances these fresh graduates lack the experience compared to senior workers who have to contend with recession and layoffs in companies (Shine, 2013).
There are also limited jobs available which leaves the new graduates to change jobs or careers and take whatever job is available. This can be attributed to the downfall of the economy globalization and technology which has constrained the new graduates to accept odd jobs to make ends meet. Many of the employers do not want to invest money on new employees and invest in training so they decided to give higher premium on senior and more experienced workers.
Several workers in private corporations have been lost their jobs due to automation (Frey, 2012). Some of these companies outsource jobs engage computers replace humans to do the work (Rose & Bartlett, 2013). Machines are being substituted by people in order to reduce the cost of production. If employers continue to invest on automation and technological improvements, many people will lose their jobs because each machine is a cheaper method to accomplish tasks (Gwartney, Stroup, Sobel & Macpherson, 2009, p.569).
References
Bartlett, S. and LeRose, M. (2013, January 1). Generation Jobless Documentary. Retrieved
Frey, T. (2012). 2 Billion Jobs to Disappear by 2030. Futuristic.com. Web. Retrieved from,
http://www.futuristspeaker.com/2012/02/2-billion-jobs-to-disappear-by-2030/.
Gwartney, J.D., Stroup, R.L., Sobel, R.S. & Macpherson, D.A. (2009). Economics: Private and
Public Choice. California: Cengage.
Shine, C. (2012). New college graduates face stiff competition in job market. Vegasinc.com.
Web. Retrieved from, http://www.vegasinc.com/news/2012/may/21/new-graduates-face-stiff-competition-job-market/.
