Alberta's labour shortage 'tip of the iceberg'

Shortfall could reach 332,000 by 2025, which will drive up wages and potentially slow economic growth
By
|hrreporter.com|Last Updated: 06/30/2006

Alberta's labour crunch is likely to get worse, as the province's annual shortfall of workers could reach 332,000 by 2025 if current trends continue, according to the Conference Board of Canada.

"The well-publicized current labour shortage in Alberta is just the tip of the iceberg," said Glen Hodgson, Conference Board vice-president and chief economist.

"Something will have to give, as no economy can sustain such a huge and growing gap between labour demand and supply. If faster growth in labour productivity does not make up for the shortage in workers, the province will be unable to achieve its economic growth potential."