Unemployment In Canada

Unemployment is a growing concern and faces the job crisis that is in occurring in Canada. Job employment is essential for a country to gain economic growth. The reasoning as to why Canada has a job crisis is in fact because of this imaginary line. The imaginary line divides the rich who want to get richer and average citizens who want to split it equally amongst each other. Data collected in the early 1980s by UBC economists Thomas Lemieux and Craig Riddell display that there was not any evidence of a difference in real income growth for the average citizen between 1982 and 2010 (1).

The job crisis relates to Neoliberalism in the mid-1980s. Neoliberalism dictates the role of government and the regulations it implements with regards to trade among other things. A neoliberal approach calls on governments to shift a majority of the economic activities from the public sector to the private sector. The economy takes on a state where there is a considerable

Towards the end of the 18th century, the broader processes of globalization were carried across the world by and became the dominant global economic system. Later, in the 20th century, capitalism overcame a challenge by centrally-planned economies are now the encompassing system worldwide, with the mixed economy being the dominant form in the industrialized Western world (lecture Notes 1510, May 11, 2016). As a result, families that earned more money had a large increase. For instance, the wealthiest people of Canada witnessed a jump of 160% more income than the average person. In 2016, Canada managed to create 520,000 new part-time and full-time jobs per year, despite the fact of all these new jobs appearing there were still 1.5 million unemployed Canadians. (lecture Notes 1510, June 1, 2016). The job crisis also encourages the use of austerity, which is to cut government spending in order to balance government budgets. It is financial conservatism in a moment of